Summit Real Estate Holdings

Summit Real Estate Holdings Ltd. is an Israeli public company engaged in income-generating real estate in Israel, Germany, and the United States. The company was founded in Israel in 1965 as a private company named Hof HaDekel Ltd., and in 1997 it changed its name to Hayil Holdings (1965) Ltd. In 1998 it was listed on the Tel Aviv Stock Exchange and became a public company. The company was involved in real estate in Israel and Europe through a number of subsidiaries. In 2002 the company ran into difficulties following the economic crisis in Israel, which caused a decline in demand for housing. In 2003 Zohar Levy acquired the company and succeeded in reaching a debt settlement with its creditors. In 2004 Zohar changed the company's name to Summit Real Estate Holdings. From 2005 onward Summit Real Estate Holdings focused on real estate investments in Germany, and in 2006–2007 the company sold the assets to its public subsidiary Summit Germany. Between 2005 and 2007 Summit Germany purchased assets worth 3 billion shekels. During the 2008 economic crisis, Summit Real Estate Holdings bought 10% of Summit Germany's shares. In 2009 Summit Real Estate Holdings took control of Summit Germany at a valuation of 58 million euros and turned it into a private company. In 2014 Summit Germany was re-listed on the London Stock Exchange at a valuation of 185 million euros. In 2020 Summit Real Estate Holdings again acquired all of Summit Germany's shares and changed its name to Summit Assets Ltd. In 2021 Summit Germany sold a large portion of its assets in Germany and began operating in the field of rental housing in New York and commercial real estate throughout the United States. As of 2024 the company held in Israel about 30 assets worth about 2.3 billion shekels. The assets include offices, warehouses, logistics centers, cold storage facilities, and a few residential buildings. Most of the assets are leased to companies; in addition, the company holds a solar field in Timna. In Germany the company mainly held offices and logistics centers for lease. In the United States the company held about 3,000 rental housing units and 2 hotels in New York, and 27 commercial centers throughout the United States.

Summit Real Estate Holdings Ltd. was founded in Israel in 1965 as a private company named Hof HaDekel Ltd. In 1997 the company changed its name to Hayil Holdings (1965) Ltd. In 1998 it was listed on the Tel Aviv Stock Exchange and became a public company. The company was involved in real estate in Israel and Europe through a number of subsidiaries. In 2002 the company ran into difficulties following the economic crisis in Israel, which caused a decline in demand for housing. In 2003 Zohar Levy acquired the company and succeeded in reaching a debt settlement with its creditors. In 2004 Zohar changed the company's name to Summit Real Estate Holdings. From 2005 onward Summit Real Estate Holdings focused on real estate investments in Germany, and in 2006–2007 the company sold the assets to its public subsidiary Summit Germany. Between 2005 and 2007 Summit Germany purchased assets worth 3 billion shekels. During the 2008 economic crisis, Summit Real Estate Holdings bought 10% of Summit Germany's shares. In 2009 Summit Real Estate Holdings took control of Summit Germany at a valuation of 58 million euros and turned it into a private company. In 2014 Summit Germany was re-listed on the London Stock Exchange at a valuation of 185 million euros. In 2020 Summit Real Estate Holdings again acquired all of Summit Germany's shares and changed its name to Summit Assets Ltd. In 2021 Summit Germany sold a large portion of its assets in Germany and began operating in the field of rental housing in New York and commercial real estate throughout the United States. As of 2024 the company held in Israel about 30 assets worth about 2.3 billion shekels. The assets include offices, warehouses, logistics centers, cold storage facilities, and a few residential buildings. Most of the assets are leased to companies; in addition, the company holds a solar field in Timna. In Germany the company mainly held offices and logistics centers for lease. In the United States the company held about 3,000 rental housing units and 2 hotels in New York, and 27 commercial centers throughout the United States.

• 2024

  Held about 30 assets in Israel worth about 2.3 billion shekels, and in the U.S. about 3,000 rental housing units, 2 hotels in New York, and 27 commercial centers.

• 2021

  Summit Germany sold a large portion of its assets in Germany and began operating in rental housing in New York and commercial real estate in the U.S.

• 2020

  Acquired all of Summit Germany's shares and changed its name to Summit Assets Ltd.

• 2014

  Summit Germany was re-listed on the London Stock Exchange at a valuation of 185 million euros.

• 2009

  Took control of Summit Germany at a valuation of 58 million euros and turned it into a private company.

• 2008

  During the economic crisis, bought 10% of Summit Germany's shares.

• 2007

  Summit Germany purchased assets worth 3 billion shekels between 2005 and 2007.

• 2006

  Sold assets to its public subsidiary Summit Germany.

• 2005

  Began focusing on real estate investments in Germany.

• 2004

  Zohar changed the company's name to Summit Real Estate Holdings.

• 2003

  Zohar Levy acquired the company and reached a debt settlement with creditors.

• 2002

  Ran into difficulties following the economic crisis in Israel.

• 1998

  Listed on the Tel Aviv Stock Exchange and became a public company.

• 1997

  Changed its name to Hayil Holdings (1965) Ltd.

• 1965

  Founded in Israel as a private company named Hof HaDekel Ltd.

Focused on income-generating real estate across Israel, Germany, and the United States.

Product categories. Income-generating real estate · Offices · Warehouses · Logistics centers · Cold storage facilities · Residential buildings · Rental housing units · Hotels · Commercial centers · Solar field

1. 1Summit Real Estate Holdingswikidata.org
2. 2סאמיט אחזקות נדל"ןhe.wikipedia.org