Gav-Yam: Quarterly profit up 68%; WeWork leases four floors in TOHA 2

Gav-Yam reported a net profit of NIS 151 million for the third quarter, a 68% increase. Concurrently, it announced the leasing of 25,000 sqm in the TOHA 2 tower to Salesforce and Ampa Real Estate (WeWork). NOI rose 11% to NIS 215 million.

Gav-Yam published its results for the third quarter of 2026, with a net profit attributable to shareholders of NIS 151 million – a 68% increase compared to the same quarter last year. NOI (net operating income) rose 11% to NIS 215 million, and FFO (funds from operations) grew 6% to NIS 117 million. Alongside the financial report, the company announced two new lease agreements in the TOHA 2 tower in Tel Aviv: with Salesforce (15,000 sqm) and with Ampa Real Estate to establish a WeWork complex (10,000 sqm). Gav-Yam's income-producing property portfolio totals 1.3 million sqm with a 97% occupancy rate. The company is advancing six development projects with a total investment of NIS 3.6 billion.