Ashtrom Group

• Construction of Large-Scale Building Complexes and Infrastructures, Including P.P.P., D.B.O.T., and P.F.I. Schemes in Israel and Overseas • Real Estate Development, Marketing, and Sale of Residential and Commercial Projects • Initiation, Procurement and Management of Income Generating Properties in Israel and Overseas • Planning, Manufacturing, Marketing and Sale of Industrialized Elements, Raw Materials and Complementary Products for All Construction Industries

Ashtrom Group
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Company's Profile

Established: 1963
Line of Business: • Construction of Large-Scale Building Complexes and Infrastructures, Including P.P.P., D.B.O.T., and P.F.I. Schemes in Israel and Overseas • Real Estate Development, Marketing, and Sale of Residential and Commercial Projects • Initiation, Procurement and Management of Income Generating Properties in Israel and Overseas • Planning, Manufacturing, Marketing and Sale of Industrialized Elements, Raw Materials and Complementary Products for All Construction Industries
Address: 3 Hayarkon St., Bnei Brak, LYFE Tower, building A
Phone: 972-3-6231212
Fax: 972-3-6231213
Email: [email protected]
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Company Executives

  • Gil Gueron, Ashtrom Group

    Gil Gueron

    Chief Executive Officer

    Ashtrom Group

  • Yaron Meshorer, Ashtrom Group

    Yaron Meshorer

    Deputy Chief Executive Officer - Concessions

    Ashtrom Group

  • Oren Nussbaum, Ashtrom Group

    Oren Nussbaum

    Deputy Chief Executive Officer – Finance and Business Development

    Ashtrom Group


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About Ashtrom Group

The Ashtrom Group, one of Israel’s leading construction and real estate companies, has set as its cornerstone a commitment to providing professional and comprehensive solutions for its customers, from top to bottom. Ashtrom’s securities are traded on the Tel Aviv Stock Exchange (ASHG), under the TA-35 Index. The Group was founded in 1963, and since then has been optimally running its subsidiaries to generate the utmost added value for its varied activities in Israel and worldwide.

Excellence in Construction

For nearly six decades the Ashtrom Group has been a leader in the construction and real estate fields and its history is intertwined with the development of Israel as well as other parts of the world. Ashtrom is active in seven prime sectors: construction, industries, real estate development, income generating properties, concessions—rental housing, renewable energy and international operations. Right from the outset, Ashtrom has built some 123 thousand housing units, around 1.8 million sq. m. of commercial areas, offices, hotels, and public facilities, about
2 million sq. m. of business and industrial buildings, together with national and international infrastructure mega projects. The Ashtrom Group has been nurturing its employees’ aspirations for initiative and innovation, reliability and professionalism, based on high and uncompromising standards. The spirit of excellence instilled in generations of Ashtrom employees, combined with its substantial and continued financial robustness, will be the basis of the Group’s vigor for many years to come.


The Ashtrom Group operates in Israel directly and through companies involved in construction and infrastructures, holding all required classifications and possessing financial capabilities for the entire range of such projects. Ashtrom operates to a scale of values based on a high standard of construction by employing skilled and professional personnel, a maximum level of safety at all sites, a firm commitment to meeting budgets and schedules, undivided attention to customer satisfaction and strong environmental awareness.


The Group operates countrywide and through Ashtrom Engineering & Construction, Ashtrom
Jerusalem and Ashtrom Construction North, handling a wide range of projects including luxury towers, residential developments, office buildings, hotels, commercial and industrial facilities.
The Ashtrom Group is a pioneer in industrialized construction in Israel - its Ashcrete plants in Ashdod produce prefabricated elements for a wide range of private and public companies in the construction, infrastructures, logistics and defense industry fields. The plants also manufacture transportable structures and industrialized elements for M.L.T., which specializes in the design and construction of educational buildings to tight and efficient schedules.
Ashtrom also specializes in complex underground operations through Base Pile, which carries out all types of foundation construction and groundwork.
Selected Projects: LYFE Towers in Bnei Brak, Da Vinci Project and Kikar HaMedina Towers in Tel Aviv,
Exchange Tower in Ramat Gan, Alpha and Acro Towers in Tel Aviv, Gindi on the Park Project in Or Yehuda,
17 Arlozorov and Alon Towers in Tel Aviv, Saidoff Houses and Turim project in Jerusalem, the Golf
Project in Tel Aviv, the Beresheet Hotel in Mitzpe Ramon and the Orient Hotel in Jerusalem.

Infrastructure Projects

The Ashtrom Group undertakes large scale infrastructure projects in land, air, and sea transportation, mainly for the public sector Netivei Israel, the Israel Ports Company, the Airports Authority, Israel Railways, local authorities and B.O.T projects throughout the country. Ashtrom, together with a partner, has completed the new HaMifratz Port in Haifa with a budget of some NIS 4 billion.
Through its Drachim subsidiary, the Group is building a complex of fast traffic lanes on Ayalon Highways. The Company has recently completed the runways and apron at the new Ramon Airport in Timna, at the Ben Gurion Airport, as well as a variety of roads and interchanges throughout the country.
Additional Projects: Highway 531, Highway 79 in the north, the Netivot Goral Rail alignment section, Carmel Tunnels, Jerusalem Light Rail Project, HaYovel Port and the Marina Project in Ashdod.


Ashtrom Industries, through its subsidiaries, is engaged in the production, development, marketing, and sale of specialized raw materials, a wide range of products and supplements for the construction industries. Ashtrom delivers high quality materials and professional and technical solutions, all meeting SII standards.

Companies Operating in this Field

• Israbeton - one of Israel’s leading companies in the manufacture and supply of ready made concrete products - owns a fleet of mixers and concrete production facilities countrywide.
• Ashkalit 268 - markets white blocks for green construction, light in weight, with a high level of thermal and acoustic insulating properties.
• Ashbond - manufactures and supplies natural gypsum blocks for prestigious residential and business projects.
• B.G. Technologies - specializes in the development, manufacture and marketing of supplementary products for finishing and painting operations, providing solutions for adhesion, cladding, insulation, and quality concrete additives.
• Itumit - supplies sealing and insulation products, as well as concrete spraying solutions for all types of complex projects and structures.
• Sorek Quarrying and Netivei Edomit - providing a wide range of quarried and crushed materials for concrete and asphalt blends for the construction and infrastructure industries.
• Zahavi-Atzmon - imports and markets marble and granite products, parquet and a variety of highend sanitary ware , including TOTO products, countrywide.
• Studs P.O.W.E.R. - engaged in the manufacture, marketing and sale of raw materials for the building trade.

ASHDAR - Residential Entrepreneurship

Ashdar, part of the Ashtrom Group, is a leading entrepreneurial company, engaged in the initiation, development, marketing, and sale of quality residential neighborhoods throughout the country. Ashdar sells hundreds of housing units a year and maintains thousands of other housing units in various planning stages. The Company places special emphasis on buildings, housing units, and environmental development while implementing an optimal community concept. Ashdar is a leader in urban renewal and is a partner in initiating, planning, and marketing a wide range of Pinui-Binui and Tama 38 schemes. The Company has been offering, for some 4 decades, a quality living experience with an indepth understanding of its customers’ needs and an emphasis on the very best locations and advanced education facilities.
Selected Projects: Recanati and Tagore in Tel Aviv, Trio in Haifa, the Maccabi Yaffo Project, HaPardes Project in Kiryat Ono, HaHotrim in Tirat HaCarmel, Agamim in Netanya, Ashdar in Kfar Yona, , Ashdar Harish, Ashdar Monosson, Lev Ganei Tikva and the new Krinitzi in Ramat Gan.

ASHTROM PROPERTIES - Income Generating Real Estate:

Ashtrom Properties, part of the Ashtrom Group, is one of the leading real estate companies in property development, construction and management, operating in Israel, Germany and the UK. The Company operates in three main spheres: office space, retail and commerce, industry and logistics. Ashtrom holds 564 thousand sq. m. of income generating properties, which are directly owned, and provides efficient and quality management and maintenance services for assets in its possession. Ashtrom Properties enjoys a long standing reputation and long-term vision and operates the Ashtrom PORT brand, which provides a unique work experience in the hi-tech buildings it owns.
Selected Projects: LYFE Complex in Bnei Brak, 1000 Complex in Rishon LeZion, Capital and Talpiot projects in Jerusalem, Ashtrom Campus in Yavne,
V-TOWER in Bnei Brak, Bat-Yam Mall and the Olio Project, Hutzot HaMifratz Outlet Mall in Haifa, Rosh Pina Mall, Hod HaSharon Hi-Tech Park and the Government Complex in Beer-Sheva.

Real Estate Activities in Germany and the UK

Ashtrom Properties has a portfolio of 147 thousand sq. m. of directly owned office buildings in Germany. The Company acquires, develops and manages properties located in Düsseldorf, Leipzig, Frankfurt, Hamburg, Dortmund, and Essen. In the UK Ashtrom Properties owns and manages around 66 thousand sq. m. of quality office buildings in Liverpool, Manchester and Birmingham.


The Ashtrom Group specializes in concession projects in the P.P.P, P.F.I, B.O.O and D.B.O.T fields, based on close cooperation between the private and the public sectors and funding bodies.
Ashtrom owns and operates about 2000 residential units for rent in Haifa’s Neot Peres, in the Gadna and Mashtela complexes in Tel Aviv, Kiryat HaYovel in Jerusalem and in Bnei Brak and Lod. Ashtrom has also built and operates 5 courthouses: Lod, Herzliya, Petah Tikva, Bat Yam, Ashkelon and the research students’ halls of residence at Beer Sheva’s Ben Gurion University.
Ashtrom is in charge of the planning and construction of projects in transportation, rental housing, educational institutions and public buildings, for the most part operating and maintaining the projects throughout the concession period.


The new sector in the Ashtrom Group’s activities is engaged in renewable energy projects and focuses on investments in major solar, wind and energy storage projects in Israel and around the world. Ashtrom mainly operates in geographically defined markets in the USA, Europe and Israel. The field of renewable energy has high potential all over the world and is expected to be integrated into the Ashtrom Group in a natural and synergistic manner.


The Ashtrom Group has been active for more than 50 years in various construction and infrastructure projects overseas through subsidiaries incorporated under Ashtrom International.

Main Activities Abroad

Construction and Infrastructure - Ashtrom has built housing, offices, hotels, hospitals and public building projects. The Company has gained experience in large scale infrastructure projects such as the construction of highways, bridges, airports, water and sewage treatment facilities and fuel depots. In Zambia, Ashtrom has completed some 120 thousand sq. m. of housing and public buildings and a large scale hospital in Lusaka. The Company also operates in Jamaica and Nigeria and seeks to start new projects in other countries.
Residential Development - Ashtrom has extensive involvement in developing and initiating residential neighborhoods in the United States. Its flagship project is Oakhills, in Orlando, Florida, which offers advanced construction and marketing of luxury homes and plots for self construction. The Group is also building and marketing a prestigious residential neighborhood in Gaia, in northern Portugal.
Income Generating Real Estate in Eastern Europe- Ashtrom has established and operates a luxury mall and hotel in the heart of the pedestrian zone in central Belgrade, Serbia. In addition, Ashtrom owns a number of income generating properties in Romania.

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