Africa Israel Residences
Found 3 recent publications
"Cracks and harmful gases": 20 million shekel lawsuit against Africa Israel Residences
Representatives of 12 residential buildings in Herzliya have filed a 20 million shekel lawsuit against Africa Israel Residences, alleging severe construction defects, ventilation failures, and safety hazards. The company denies the claims, asserting that the buildings were delivered in proper condition.
Africa Israel Residences increased apartment sales pace, despite market slowdown
Despite the slowdown in the residential real estate sector, Africa Israel Residences managed to sell 71 housing units this quarter, with the monetary volume of transactions rising to 248 million shekels.
Collapse in the real estate market? Africa Israel Residences sold 75% of apartments until the end of 2027
The residential company sold 71 apartments in the quarter. Despite market concerns, the decrease in unsold inventory highlights a successful performance. Net profit rose to 23.6 million shekels, with an average apartment price of 3.68 million shekels this year. CEO Ronit Ashed Levy announced the development of 2,000 additional housing units.