Building of high-tech, industrial & commercial parks.
Gav-Yam enters 2026 with stronger operating momentum, but the story has moved from project delivery to the pace at which the development pipeline turns into NOI and FFO without eroding the financing advantage.
Gav-Yam ended 2025 with real improvement in NOI and FFO, but most of the acceleration in the bottom line still leaned on fair-value gains while cap-rate assumptions themselves moved only slightly.
In the near term, Gav-Yam's story will be decided less by the existing portfolio and more by how quickly O2 Herzliya, ToHa2 and Matam East 3 turn signed rent and projects under execution into reported NOI. O2 is nearly closed, ToHa2 is the main swing factor, and Matam East 3 is…
Gav-Yam enters 2026 with a relatively high-quality debt structure and a mostly unsecured balance sheet, but its room for maneuver is still almost the same size as the 12-month maturity wall, so it remains dependent on open debt-market access.
