Sela Real Estate acquires a logistics structure – the capital market

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Expands its logistics operations and acquires a 4,000-square-meter industrial building in Yavne for NIS 21.5 million. The property will yield the company an annual NOI of approximately NIS 1.53 million, which is a gross return rate of approximately 6.8%. Sela Real Estate CEO Gadi Elikam: ” This is an asset that is at the center of the company’s core business and is a continuation of the implementation of the company’s strategy, which is the acquisition of income-producing real estate assets with significant improvement potential by raising the occupancy rate and improving the income stream from the asset.

The property, which also includes 28 parking spaces, is located in a place with great demand for industry and logistics, where Sela Real Estate owns approximately 17,000 square meters of industrial, craft and storage space and is located in the northern industrial area of ​​the city of Yavne at full capacity. The expected income from rent is about NIS 1.53 million, which reflects an average income of NIS 33 per square meter per month, which is a gross return rate of about 6.8% per year. (There are indications of higher demand in the market).

According to Sela Real Estate CEO Gadi Elikam: “We are pleased to report on the expansion of the company’s logistics activity in the city of Yavne. For office towers. This is an asset that is adapted to industrial activity and is at the center of the company’s core business and is a continuation of the implementation of the company’s strategy, which is the acquisition of income-producing real estate properties with significant improvement by increasing occupancy rate and improving income stream.

Sela Real Estate recently reported raising NIS 80 million from properties and a building through a private placement. This expression of trust is made immediately after Sela’s shareholders have expressed a huge majority of their support for the company’s continued status as a REIT fund.

Sela Capital Real Estate is a real estate investment fund (REIT) that owns 36 income-producing properties in Israel with a total area of ​​455,000 square meters and 161,000 square meters of parking space. The company’s properties are leased to about 500 tenants and include office buildings, commercial areas , Industry and logistics, gas stations, hotels and housing clusters.The scope of the company’s income-producing assets amounts to NIS 3.4 million and enjoys an occupancy rate of approximately 96% .The company’s market value is approximately NIS 1.4 billion.