For a third of the price: Ari Real Estate to acquire Adama's land in Be'er Sheva for NIS 110 million

Ari Real Estate, controlled by businessman Tzachi Abu, signed a memorandum of principles to acquire an industrial complex of Adama in Be'er Sheva for NIS 110 million, about a third of the price Adama had previously sought. The site is classified as contaminated land, and the deal includes lease agreements with Adama and Likord.

Ari Real Estate, controlled by businessman Tzachi Abu, signed a memorandum of principles to acquire rights in an approximately 407-dunam industrial complex in Be'er Sheva from Adama Agricultural Solutions and Likord for NIS 110 million. The price is significantly lower than the NIS 300 million Adama had sought in 2023. The site, used for Adama's industrial operations, is classified as contaminated land, and the contamination issue remains a key part of the deal. The detailed agreement is expected to include provisions for remediation, but no details have been released on the scope, cost, or allocation of responsibility. Concurrently, Ari Real Estate plans to sign lease agreements with both companies: Likord for five years with extension options, and Adama for two years with an option for an additional year. Annual rent will total NIS 7.7 million. The sale is part of Adama's broader plan to relocate its operations to Neot Hovav. Adama's Q3 2026 results show a 4% decline in sales to $897 million and a 22% drop in adjusted EBITDA to $93 million.