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Wednesday, May 14, 2008

Largest Israeli real estate firms double assets

Israel's top 50 real estate firms increased their investment by 94% to an aggregate NIS 203 billion, reveals Dun & Bradstreet (D&B) Israel's Dun's 100 Real Estate company rankings.

The five largest real estate firms in Israel in 2007, by investment in assets and lands, are Gazit-Globe (TASE: GLOB), Delek Real Estate Ltd. (TASE: DLKR), Jerusalem Economic Corp. (TASE:ECJM), (JEC), Electra Real Estate Ltd. (TASE:ELCRE), and Africa-Israel Properties (TASE: AFPR). The survey reveals that the combined equity of the top 50 companies totaled NIS 61 billion, a 132% increase compared with 2006.