A Coffee Meeting That Led to More.

In 2017, I had a coffee meeting at Tel Aviv's Atidim Park with Yossi, the veteran Operations Manager of TSG IT Advanced Systems Ltd., a leading company developing and selling software-based technological systems and related services for military and civilian markets. That initial meeting blossomed into a relationship with the company's management, focusing on planning, location strategy, and office space design for TSG's future.

After two years of careful consideration, in 2019, the company made a bold move from their decades-long home in Tel Aviv's Atidim Park to a standalone building of several thousand square meters in the city of Or Yehuda. Since then, our professional relationship has grown into one of mutual respect and appreciation.

Today, I'm pleased to share that following TSG's recent initial public offering on the Tel Aviv Stock Exchange, the company's shareholders (including Israel Aerospace Industries and Formula Systems) have appointed me as an external director.

This IPO marks a crucial milestone for TSG, beginning an exciting and challenging journey in the public market. I'm honored to be part of this next phase, bringing my military and civilian experience to support the company's continued growth and innovation.

My appointment as an external director represents more than just a new role - it exemplifies how mutual trust and respect can evolve into long-term partnerships. As one of Israel's leading companies in the defense sector, TSG's future holds tremendous potential, and I look forward to contributing to its success.

Commercial real estate in Israel

Paz Retail and Energy Ltd. contracted with Nadav B. Logistics Ltd. Mougad Properties Ltd. in transactions for the sale of Paz's full rights in three different logistics properties, in exchange for a total of NIS 127 million.

Shemen Real Estate Maniv Ltd. has completed a transaction for the purchase and lease of half of the rights in the land and buildings in Dimona used by Elbad Mashuat Yitzhak Ltd.

Commercial real estate overseas

Skyline Investments Inc. signed an agreement for the sale of the Courtyard Tucson airport hotel, for a total price of approximately 14.9 million US dollars.

Property and Building Ltd. is negotiating to lease approximately 31,000 square meters to an international corporation in the HSBC building in New York, with an option to expand the rental space, for a long-term period.

Real estate in the headlines

What causes the profitable real estate giants Azrieli and Melisron to bet big on the residential market (Globes).

Teddy Sagi sells a third property in London for 180 million pounds (Globes).

Guy is sure: after the war ends there will be a "boom", and this is the sector that will be positively affected (Globes).