Alony Hetz posts further revaluation losses
The losses are mainly on properties held by subsidiaries in the US, as the office market there continues to be slow.
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The losses are mainly on properties held by subsidiaries in the US, as the office market there continues to be slow.
The real estate company controlled by Nathan Hetz has reported an asset write-down for the sixth successive quarter.
Investors in the Tel Aviv-based fund include Clal Insurance & Finance, More investment house, and former Bank of Israel governor Jacob Frankel
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The company says that according to initial indications it will write NIS 750 million off US and UK properties.