Years: 2023

Private placement of Series O bonds and Series Q bonds for accredited investors

Major insurance company expresses confidence in Aura: to invest over ILS 70 million in issuance of bonds and share options

Calling of Annual Meeting for July 31, 2023

Awarded an urban renewal project in Nof HaGalil, working to finalize the redevelopment agreement

Commenced construction of Aura Empire project

Aura Renewing Israel commences the flagship project in Ramat Gan – Aura EMPIRE tower

Marketing launch for HaTayasim Tel Aviv project

Aura has commenced marketing for the HaTayasim Tel Aviv project. Project revenues are expected to reach approximately ILS 155 million with an anticipated gross profit of approximately ILS 29 million. In line with the company’s strategy, it intends to conduct early sales of at least 30% of the marketed residential units and subsequently commence the project’s construction

Transfer of The Phoenix’s financial commitment for two initial projects totaling approximately ILS 120.5 million

The Phoenix and Aura deal is underway: The Phoenix has provided equity for two projects and directed a cash flow of ILS 120.5 million to Aura. In the coming year it is expected to complete equity in two additional projects with approximately ILS 230 million, for a cumulative total of approximately ILS 350 million