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Jerusalem Economic Corporation (JEC)
JEC is one of Israel’s largest real estate companies. The company and its subsidiaries own, develop, rent and manage income-yielding real estate assets in Israel, North America, Europe and India. JEC’s assets are comprised of over 3.5 million sq.m. of income-generating properties that are leased to more than 7,500 tenants with an average occupancy rate of 91%. The company rents properties in the high-tech, office and industrial sectors and is also active in the retail and residential markets. JEC generated over NIS 1.12 billion net operating in the year 2007, a 17% increase over the previous year and a net profit of NIS 490 million in the year 2007.
All data is current for 31/12/2007.
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