Real estate co Hanan Mor files for stay-of-proceedings – Northwest Georgia News

0 minutes, 33 seconds Read

Nov. 20—Israeli real estate development and construction company Hanan Mor Group (TASE: HNMR) has filed in the Tel Aviv District Court for a stay-of-proceedings. The request reveals that the company has run up heavy debts of NIS 2.7 billion.

The company says that over the past year, and especially in recent months, external circumstances, global and domestic, have led to a perfect storm of stagnation in the real estate market, a toughening of credit and financing terms, political instability, a growing and deepening social rift, and war.

Buy/sell, rent/lease residential &
commercials real estate properties.

This page requires Javascript.

Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

Featured Local Savings

This post was originally published on this site

Similar Posts

    Your Interest
    Your Interest List is emptyReturn to Buying