Aspen Group is a public traded real estate company registered in the Israeli stock exchange.
The group has over 30 years of experience in real estate and is active in Israel as well as in Europe
The group owns over 347,000 square meters of yielding properties, rented out to over 290 tenants, at approx. 95% Occupancy.
Square Meters Rental Spaces
Aspen reduces activity in Germany: sold office buildings for NIS 625 million
Aspen's share of the realization proceeds amounts to NIS 486 million ■ The company will record NIS 326 million in pre-tax free cash flow and related expenses, and a profit of NIS 103 million. Aspen chairman: "Realizations will strengthen financial strength and reduce leverage"
Tzofit Harel / Photo: Ilya Melnikov
Aspen Group has increased its European portfolio substantially in recent years. Currently, The consolidated property value in both Europe and Israel are estimated at approximately 3 billion Shekels.
The group owns and manages over 347,000 square meters of yielding properties, rented out to over 290 tenants, at approx. 95% Occupancy. Aspen intends to expand its activities further by acquiring income producing real estate such as multi-tenant offices and distribution centers.
The group’s current strategy is to focus on stable markets with a large market supply of real estate like Germany and the Netherlands. The company acquires qualitative real estate at strategic locations together
with modern energy certification the target countries.
Its property portfolio is made up of single tenant properties as well as multi-tenant properties.