Amram Avraham
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Amram Avraham Enters Mazkeret Batya Urban Renewal with 781 New Units
Amram Avraham is entering urban renewal in Mazkeret Batya for the first time, partnering on two Sderot Eliyahu projects to demolish 216 old units and build 781 new ones.
The acrobatics of Amram Avraham: 31 million shekels of equity received a valuation of 370 million shekels
The valuation conducted by BDO boosted the quarterly results of the construction company Amram. The real estate company, which is traded on the Tel Aviv Stock Exchange, reported a threefold increase in profit to 165 million shekels.
Amram stopped selling discounted apartments - and revenues were cut by 50%
The real estate company continues to maintain its pace regarding sales to the free market - a pace of 225 housing units in half a year, identical to last year's pace, but sales under the 'Discounted Apartment' framework plummeted from 552 apartments last year to 82 this year. How many apartments did it sell in the quarter and what is its forecast for the future?