No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 28, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Deal with Big signals new departure for Shufersal

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 2 mins read
A A
Deal with Big signals new departure for Shufersal
Share on FacebookShare on TwitterShare on LInkedIn



Supermarket chain Shufersal (TASE: SAE) and Big Shopping Centers (TASE: BIG) have signed an agreement whereby Shufersal will sell to Big half the land on which its head office stands, 110 dunams on Shmotkin Street in east Rishon LeZion, for NIS 200 million.

The companies will act together to promote an Urban Building Plan for the construction of a Big Fashion mall on the site that will contain 50,000 square meters of commercial and office space.

No timetable has been set for constructing the complex and approval of the Urban Building Plan could take years, but it is not unlikely that immediately following reports of the agreement Big CEO Hay Galis started to receive approaches from potential lessees.

At present, the site is occupied by Shufersal’s head office, a branch of Universe (Shufersal’s new discount chain), and a logistics center. It’s possible that the head office will remain there and will occupy the new office space to be built, along the lines of the Big Fashion complex in Petah Tikva, where fashion chain Fox-Wizel (TASE: FOX) bought half the office building to be constructed and will transfer the group’s head office to it when the complex opens in 2029.

At the same time, on the remainder of the site, Shufersal will construct residential towers containing an estimated 2,000 apartments, probably in collaboration with another developer.

Unlike its main competitors in shopping malls, Azrieli (TASE: AZRG) and Melisron (TASE: MLSR), which in recent years have entered the residential sector (Azrieli recently acquired residential real estate company ZMH Hammerman (TASE: ZMH) and Melisron completed the acquisition of Aviv Development), Big still declares that it intends to remain focused on the commercial and office sectors, alongside development of sheltered housing.

In any event, the deal between the two companies still awaits the fulfilment of preconditions, among them approval of the Urban Building Plan and consent by the Planning and Building Committee to the ambitious project.

Meanwhile, investors have shown that they like the two companies’ announcement. Shufersal’s share price rose 6% yesterday (it is up 13% for the year to date) and Big rose 2.3% (24% for the year to date).

Shufersal, Israel’s largest supermarket chain, controlled by brothers Yossi and Shlomi Amir, has 431 branches. Its latest financials showed a sharp decline in sales. Now, among other things because of the limited number of new branches it can still open, it appears that the brothers are putting an emphasis on enhancing the group’s real estate assets.

The value of these assets, 80 in number, is estimated at NIS 5.2 billion, and they carry extensive building rights. The agreement with Big is seen as a sign of things to come, and Shufersal is believed to be on the lookout for further opportunities.

Published by Globes, Israel business news – en.globes.co.il – on September 10, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: bigdealdepartureShufersalSignals
ShareTweetShare
Previous Post

3 Dividend-Paying Growth Stocks to Double Up on and Buy in September

Next Post

Trump’s Medicaid Cuts Were Aimed at ‘Able-Bodied Adults.’ Hospitals Say Kids Will Be Hurt.

Related Posts

edit post
Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

by TheAdviserMagazine
October 28, 2025
0

The global energy transition continues to press forward, but tariff wars and the rising politicization of renewable power is hurting...

edit post
Judge extends order barring Trump administration from firing federal workers during shutdown

Judge extends order barring Trump administration from firing federal workers during shutdown

by TheAdviserMagazine
October 28, 2025
0

A federal judge in San Francisco on Tuesday indefinitely barred the Trump administration from firing federal employees during the government...

edit post
Wizz Air uncompromising on demands for Israel hub

Wizz Air uncompromising on demands for Israel hub

by TheAdviserMagazine
October 28, 2025
0

Senior officials from Israel’s Ministry of Transport have traveled to Hungary for intensive talks with top Wizz Air executives...

edit post
Trump says he is prepared to send ‘more than the National Guard’ into US cities

Trump says he is prepared to send ‘more than the National Guard’ into US cities

by TheAdviserMagazine
October 28, 2025
0

President Donald Trump told U.S. troops assembled in Japan on Tuesday that he was prepared to send "more than the...

edit post
Nokia shares jump on B Nvidia investment to grow AI networking, cloud footprint (NVDA:NASDAQ)

Nokia shares jump on $1B Nvidia investment to grow AI networking, cloud footprint (NVDA:NASDAQ)

by TheAdviserMagazine
October 28, 2025
0

BING-JHEN HONG/iStock Editorial via Getty ImagesTop chipmaker Nvidia (NASDAQ:NVDA) is investing $1B in Nokia (NYSE:NOK)—the former Finnish cellphone giant, which...

edit post
Amazon is pushing out thousands of workers into a job market that suddenly isn’t hiring

Amazon is pushing out thousands of workers into a job market that suddenly isn’t hiring

by TheAdviserMagazine
October 28, 2025
0

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting...

Next Post
edit post
Trump’s Medicaid Cuts Were Aimed at ‘Able-Bodied Adults.’ Hospitals Say Kids Will Be Hurt.

Trump’s Medicaid Cuts Were Aimed at ‘Able-Bodied Adults.’ Hospitals Say Kids Will Be Hurt.

edit post
A Marketing Stack to Take Your Startup from Zero to Scalable Without Burning  Budget

A Marketing Stack to Take Your Startup from Zero to Scalable Without Burning Budget

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
October 7 – October 23, 2025

October 7 – October 23, 2025

0
edit post
New father, overwhelmed by K in student loan, car debt, fears bankruptcy — how Dave Ramsey says he can avoid it

New father, overwhelmed by $53K in student loan, car debt, fears bankruptcy — how Dave Ramsey says he can avoid it

0
edit post
Community Colleges Must Foster ‘Culture of Caring’ to Boost Student Success, Major Report Finds

Community Colleges Must Foster ‘Culture of Caring’ to Boost Student Success, Major Report Finds

0
edit post
How Walter White Could Have Used SSDI to Avoid a Life of Crime

How Walter White Could Have Used SSDI to Avoid a Life of Crime

0
edit post
Earnings Summary: Keurig Dr Pepper Q3 FY25 earnings grow on higher revenues

Earnings Summary: Keurig Dr Pepper Q3 FY25 earnings grow on higher revenues

0
edit post
Judge extends order barring Trump administration from firing federal workers during shutdown

Judge extends order barring Trump administration from firing federal workers during shutdown

0
edit post
October 7 – October 23, 2025

October 7 – October 23, 2025

October 28, 2025
edit post
Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

October 28, 2025
edit post
Judge extends order barring Trump administration from firing federal workers during shutdown

Judge extends order barring Trump administration from firing federal workers during shutdown

October 28, 2025
edit post
Virginia Court Reverses M Libel Judgment for School Board Chair Called “Sexual Predator/Harasser” by Activist

Virginia Court Reverses $1M Libel Judgment for School Board Chair Called “Sexual Predator/Harasser” by Activist

October 28, 2025
edit post
‘The Stuff of Nightmares’: Hurricane Melissa Makes Catastrophic Landfall in Jamaica

‘The Stuff of Nightmares’: Hurricane Melissa Makes Catastrophic Landfall in Jamaica

October 28, 2025
edit post
Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

October 28, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • October 7 – October 23, 2025
  • Saudi power chair: Tariffs weaken the global energy transition and hurt humanity
  • Judge extends order barring Trump administration from firing federal workers during shutdown
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.