The company operates in income-producing real estate for retail, offices and hotels, as well as residential development real estate in Israel.
Turgeman entered 2026 with a strong core asset and improving rental economics, but also with a negative all-in cash picture that makes the next phase of value creation dependent on funding.
Turgeman's new funding stack is not just more debt. It is a reorganization of the credit structure, with a secured listed bond at the company level alongside project finance and a land facility for Phase C at Amiri Park Hadera. The covenant room at year-end 2025 looks comfortabl…
At Turgeman, the Mol HaHof and office complex in Hadera is no longer just the main asset. It is almost the whole thesis: ILS 1.5896 billion before management rights, roughly 76% of total assets. The key question is therefore not whether the asset is good, but whether its rent, d…
Turgeman generated positive 2025 operating cash flow of ILS 33.2 million before land-inventory purchases and advances, but ILS 162.2 million directed to that line turned it into a cash hole of negative ILS 129.0 million. The real issue is no longer whether operations can produce…
