Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

JEC sells the Bridlewood Mall in Toronto for C$63 million

Fishman Holdings unit JEC and its subsidiary Darban have sold their entire stakes in the 30, 000-sq.m. Bridlewood Mall.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.
Bridlewood Mall

Bridlewood Mall

/By Moshe Golan /

Fishman Holdings unit Jerusalem Economy Ltd. (TASE:ECJM) (JEC) and its subsidiary Darban Investments Ltd. today announced that they have sold their entire stakes in the Bridlewood Mall in Toronto for C$63 million. The two companies wholly own the 30, 000-square meter mall in equal shares.

The gross free cash flow from the sale (before transaction costs and taxes) will be NIS 104 million.
JEC also announced that the due diligence on the sale of the Northgate Mall in Saskatoon, Saskatchewan, for NIS 216 million has been completed.
“This is a Canadian asset which has greatly increased in value since the company bought it, and that is reflected in the sale price, ” said JEC president CEO David Zvida. “The present deal follows a recent sale, which together generate substantial cash flow and greatly reduce the company’s leverage. The company is pursuing its work plan, which is based on strengthening equity and financial ratios, while creating a return for shareholders.”
Eliezer Fishman is the controlling shareholder in “Globes”.
Published by



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News