Why is Israel's largest shopping mall valued so low?
Migdal is buying out the Gindi gamily from the Kenyon Hazahav mall at a valuation of just NIS 2 billion. Moshe Gindi: It's a good deal for both sides
Assessment
A major Israeli mall is being valued at NIS 2 billion, a figure low enough to raise questions. Migdal is buying out the Gindi family's stake, with the family head calling it good for both sides. This suggests underlying financial or market pressures are capping the asset's worth, possibly linked to shifting retail trends or debt structures. The transaction's completion and any hidden terms will matter next.