Ampa has made a significant return to the Tel Aviv Stock Exchange with the largest equity offering in years, boosting its market value and highlighting shifts in Israel's real estate sector. The company, once an importer of trucks and cranes, is now focused on office buildings and shared workspaces, operating WeWork Israel with fourteen sites and over 15,000 workstations. CEO Zohar Levi sees signs of recovery in the office market and plans to expand WeWork's presence, leveraging its global brand to attract major technology clients. Ampa also aims to grow its urban renewal and residential development activities, capitalizing on its strong position in high-demand areas like Herzliya and Tel Aviv. While the company is optimistic about future growth, Levi notes that real estate projects require patience before their full potential is realized.

Original article source: https://en.globes.co.il/en/article-after-ipo-ampa-plans-expanding-wework-urban-renewal-1001517158
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