G City Starts 2026 with U.S. Asset Refinancing and Brazilian Property Sale

Financial Strategy and Recent Developments

G City has initiated 2026 by refinancing an asset in the United States and selling a property in Brazil, aligning with its strategy to reduce financial debt. The company aims to bolster its financial position and optimize its asset portfolio during a time of economic shift.

Refinancing in the U.S. – Project AER

Gazit Horizon, a fully owned subsidiary of G City responsible for managing the group’s operations in the U.S., has successfully completed the refinancing of the AER project. This move is part of G City’s broader financial strategy to streamline its operations and decrease its liabilities.

Sale of Brazilian Asset

In a separate but related initiative, G City has sold offstart space and a parking lot in Brazil for a total of 100 million shekels. This divestiture marks a significant step in the company’s efforts to enhance liquidity and focus on key growth markets.

Economic Impact and Trade Adjustments

Additionally, the U.S. has made significant adjustments to trade policies, notably reducing tariffs on pasta imports from Italy from 92% to 2%. This change comes amidst a backdrop of fluctuating market conditions, as highlighted by recent volatility in the S&P 500 index, with traders experiencing notable losses.

Regulatory Developments

The Israeli Electricity Authority has also approved the financial closure of the Knesset Power Plant, further illustrating the evolving landscape of energy regulation and investment in the region.

As G City moves forward with these strategic decisions, the company’s focus remains on optimizing its operations and maintaining a strong financial footing in an increasingly competitive market environment.