Gav-Yam reports rise in revenue and cash flow, and reports office lease deals

In depth

Gav-Yam reported rental revenue of NIS 253 million in the quarter, an increase of 11%. According to Bizportal, FFO attributable to shareholders rose to NIS 117 million.

After the quarter ended, the company signed lease deals with Salesforce and WeWork at the ToHa2 tower. According to Globes, the WeWork deal, in which about 10,000 square meters were leased, is valued at about NIS 180 million over 10 years. According to Bizportal, CEO Natali Mashen-Zachai said the company continues to expect growth of about 50% in NOI and FFO by 2028.