What Ashtrom Group does

Ashtrom Group is a publicly traded Israeli construction and real estate conglomerate founded in 1963, headquartered in Bnei Brak (Tel Aviv area), and listed on the Tel Aviv Stock Exchange within the TA-90 index (OTCMKTS: ASHTF). It operates through eight synergistic, wholly owned divisions: Ashtrom Construction (large-scale infrastructure, buildings, bridges, tunnels), Ashtrom Properties (income-producing commercial assets in Israel and abroad), Ashtrom Residences/Ashdar (residential development and urban renewal), Ashtrom Industries (concrete, quarry, prefabricated and advanced building materials under the Ashkrit and Ashbond brands), Ashtrom Residences for Rent (long-term rental housing), Ashtrom Renewable Energy (solar projects in Israel and the U.S.), Ashtrom Concessions (toll roads, public facilities, PPP projects such as the New Haifa Port Bay and Carmel Tunnels), and Ashtrom International (operations in the USA and Portugal, including the Sao Paio Apartments in Gaia).

The group generates revenue through a mix of one-time project contracting (construction, residential home sales, international developments), recurring streams (long-term rental housing, income-producing retail and office properties, renewable energy power purchase agreements, and concession toll/fee revenues), and transaction-based sales of building materials to third-party contractors. Its go-to-market combines direct enterprise sales for large infrastructure tenders (e.g., 20-year PPAs with CPS Energy for 150 MW of Texas solar capacity), direct residential sales offices for buyer-led projects, leasing operations for retail and office tenants, and government-to-private concession bids. Notable disclosures include approximately 1,500 employees (within a stated 1,001–5,000 headcount band), a $200 million financing close for the El Patrimonio solar project near San Antonio with BHI (Bank Hapoalim U.S.), inclusion in the TA-Real Estate 35 index, a Maalot credit rating upgrade in 2026, and a recurring brand presence through Superbrands 2025 and BDI Code Leading Companies. Pricing is project-based and not publicly disclosed. The company's technology backbone centers on vertically integrated construction expertise — Ashkrit prefab factories, Ashbond materials R&D, and end-to-end concrete-to-finishing control — rather than on software or AI platforms.

Name

Ashtrom Group

Legal name

קבוצת אשטרום בע״מ

Website

https://ashtrom.co.il

Company type

Public

Founded year

1963

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ashtrom Group is an Israeli publicly traded construction and real estate conglomerate (founded 1963, TA-90 listed) operating through eight synergistic divisions spanning contracting, residential and rental development, building materials, concessions, renewable energy, and international real estate for Israeli, U.S., and Portuguese customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Construction Contracting: General construction and infrastructure projects including roads, bridges, tunnels, and buildings through Ashtrom Construction division
2. Real Estate Development: Residential development, urban renewal, and property sales through Ashtrom Residences (Ashdar) division
3. Income-Producing Properties: Commercial retail centers, office buildings, and income-producing assets managed by Ashtrom Properties in Israel and internationally
4. Rental Housing: Long-term residential rental projects under Ashtrom Residences for Rent division
5. Renewable Energy: Solar and renewable energy project development, construction, and operation through Ashtrom Renewable Energy - including power purchase agreements and electricity sales
6. Building Materials: Manufacturing and supply of construction materials including concrete, quarry products, and advanced building solutions through Ashtrom Industries
7. Concessions: Large-scale concession projects including toll roads, public facilities, and infrastructure under public-private partnerships
8. International Operations: Construction, residential development, and property management activities through Ashtrom International in global markets including USA, Portugal

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Ashtrom Group is a diversified construction and real estate conglomerate that delivers large-scale construction and infrastructure projects, residential and commercial real estate development, income-producing property management, long-term rental housing, renewable (solar) energy project development and operation, manufactured building materials, and concession-based mega infrastructure. The group operates through eight synergistic wholly-owned divisions (Ashtrom Construction, Properties, Residences/Ashdar, Industries, Residences for Rent, Renewable Energy, Concessions, and International) spanning Israel, the United States, and Portugal.

Product overview

Ashtrom Group is a diversified construction and real estate conglomerate operating through 8 distinct business divisions that function in synergy. The core divisions include Ashtrom Construction (large-scale construction and infrastructure), Ashtrom Properties (income-generating real estate), Ashtrom Residences/Ashdar (residential development and urban renewal), Ashtrom Industries (building materials manufacturing), Ashtrom Residences for Rent (long-term rental housing), Ashtrom Renewable Energy (solar and renewable energy projects), Ashtrom Concessions (concession-based mega projects), and Ashtrom International (international construction and real estate activities). The company was founded in 1963 and operates primarily in Israel with international presence in the US, Portugal, and other markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Ashtrom Construction (אשטרום קבלנות) Performs a wide range of large-scale construction and infrastructure projects, including buildings, roads, bridges, and tunnels for enterprise and government clients.
• Ashtrom Properties (אשטרום נכסים) Initiates, acquires, and manages income-generating properties — shopping, entertainment and office centers — in Israel and internationally for retail and commercial tenants.
• Ashtrom Residences / Ashdar (אשטרום מגורים / אשדר) Initiates and markets quality residential projects for home buyers, including urban renewal initiatives such as Tagore Ramat Aviv and Da Vinci towers.
• Ashtrom Industries (אשטרום תעשיות) Develops, manufactures, imports, and markets advanced construction solutions and quality building materials — including concrete, quarry products and Ashkrit prefabricated components — for all construction phases.
• Ashtrom Residences for Rent (אשטרום מגורים להשכרה) Initiates, markets, and manages long-term residential rental projects — such as Kiryat Hayovel in Jerusalem and LYFE Towers in Bnei Brak — for long-term renters.
• Ashtrom Renewable Energy (אשטרום אנרגיה מתחדשת) Initiates, establishes, and operates renewable (solar) energy projects in Israel and internationally — including solar farms such as the El Patrimonio and 150-MW Bexar County projects in Texas under 20-year PPAs with CPS Energy.
• Ashtrom Concessions (אשטרום זכיינות) Establishes, manages, and operates mega projects under concession arrangements — including toll roads, courts and public facilities — under public-private partnership models.
• Ashtrom International (אשטרום אינטרנשיונאל) Executes and manages construction, residential development, and property management projects worldwide — including in the United States and Portugal (e.g., São Paio Apartments in Gaia).

Quantifiable outcome

• 37,000 households powered by renewable energy projects
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• CPS EnergycoreOthers · 14 May 202620-year power purchase agreement with CPS Energy, a municipally-owned utility, offtaking approximately 70% of the 150-MW solar plant's output and associated renewable energy credits, with remaining electricity sold in Texas open electricity market

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Melisron: Israeli real estate company focused on income-producing commercial properties and shopping centers. Directly comparable to Ashtrom Properties' retail and commercial center strategy in Israel.
• Big Shopping Centers: Israeli REIT specializing in retail and shopping-center properties. Comparable to Ashtrom Properties' income-producing commercial portfolio with overlapping tenant base and customer mix.
• Shufersal: Israel's largest supermarket chain, controlled by a holding group that also operates real estate and property businesses. Comparable as a large diversified Israeli publicly listed conglomerate with property and infrastructure exposure in the same capital market.
• Alony Hetz Properties & Investments: Israeli real estate investment and property management firm with offices, retail, and industrial assets in Israel, the US, and UK. Directly comparable to Ashtrom Properties' income-producing asset strategy and its inclusion in the same TA-Real Estate 35 index.
• Property & Building Corporation (PBC): Israel-based real estate holding company with residential, commercial, and industrial property exposure. Comparable to Ashtrom's mixed residential and commercial property portfolio and is a fellow TA-Real Estate 35 constituent.
• Electra Real Estate (Electra Group): Israeli construction, real estate, and infrastructure group with overlapping activities in contracting, development, and concessions. Closely comparable to Ashtrom Construction and Concessions divisions in the domestic Israeli market.
• Africa Israel Properties: Israeli real estate developer with residential, office, and commercial property holdings. Comparable to Ashtrom Residences/Ashdar on the development side and to Ashtrom Properties on the income-producing asset side.

Broad incumbents

• Vinci SA: Global construction and concessions group with major toll-road and infrastructure concessions. Comparable to Ashtrom Concessions and international infrastructure ambitions at a much larger global scale.
• Bouygues Construction: European construction and infrastructure major with property development and renewable-energy operations. Comparable to Ashtrom Construction, Industries, and Renewable Energy divisions but at significantly larger global scale.
• Skanska AB: International construction and real-estate developer active in infrastructure, commercial property, and residential. Comparable to Ashtrom's integrated construction-plus-development model and its international expansion strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ashtrom-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ashtrom Group