Kiryat Gat is a major industrial city situated in the center of Israel, with easy access to the major cities of Tel Aviv, BeerSheba and Jerusalem. Many global tech giants are investing in manufacturing and production within the city. When we heard about Green Park logistics center in Kiryat Gat from Carvil Ltd, a real estate development company with an array of properties in Israel, we knew we just had to be involved.
We’ve spent many months analyzing properties ready for tokenization – and Green Park in Kiryat Gat stood out as a fantastic opportunity. Israel prides itself on its booming technology industry – global giants such as IBM, Intel, HP, Facebook, and Hewlett-Packard have offices or plants in Israel. Intel alone employs 11,700 people at their plant in Kiryat Gat. With many global powerhouses in the tech industry already involved in Israel – interest in Kiryat Gat’s Industrial Park is continuing to grow.
Kiryat Gat is a rapidly growing city, with approximately 57,000 people in the city currently and expected to be at 100,000 by the end of this decade – up from 50,000 in 2016 – a 100% raise over 14 years. The city is relatively young in terms of population, with 64% of the population within the city being under the age of 40, and a median age of just over 30 for the city. Kiryat Gat is set upon a prime global positioning, being at the forefront of Asia, Europe, and Africa – giving it a significant location advantage for global companies.
The process of tokenization is to digitize properties, breaking the property into security tokens that are bought, sold, and traded similarly to traditional security. This form of tokenization allows for real estate investments to be fractional, which lowers the threshold for investment and opens a global opportunity to invest without the barriers to traditional international investments. This opportunity allows for investors to continue to build a global real estate portfolio through a more liquid and transparent form of investment.
Located just a few lots down from both HP and Intel in Kiryat Gat’s industrial park, Green Park is a fantastic opportunity for small to medium-sized businesses in the market for a logistical center. The property holds 9 logistic platforms and 2 showrooms over 64,000 sqm in total.
Surrounding properties have already been 100% sold, with tenants to move into the property by late-2020.
Kiryat Gat’s rise as a global technology hub has been rapid, and with Intel recently injecting BILLIONS into their manufacturing plant in Kiryat Gat, it can only be assumed that Kiryat Gat is still far from its full potential. So why not jump on the train now? The city is growing, and so is its tech industry – and as a city on the rise, for investors, this is a chance to invest now before Kiryat Gat takes off any further!
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