Timeline: Preserving the Past, Building the Future
1963 - 1973
A Decade of Pioneering and Expansion
Established in 1963, the Ashtrom Group began its pioneering journey in industrialized construction in Israel. It commenced with a project focused on constructing 1,000 housing units, facilitated by establishing the nation's first factory for prefabricated construction in Ashdod. Post the Six-Day War, Ashtrom solidified its position in Israel's construction and infrastructure sector, contributing to the development of hundreds of thousands of housing units across the nation. Concurrently, it expanded its contracting endeavors, initiating concrete factories nationwide and engaging in raw material mining. By the end of the decade, it extended its contracting activities internationally, undertaking projects in Jamaica and the Caribbean.
1963 - Ashtrom Group is founded by Yehezkel Nussbaum, Haim Giron, Lipa Meshorer, and Elimelech Mayblom.
1965 - Haim Rubin joins the group as a partner and as a representative of the Gutwirt family.
1966 - Commencement of activity in the field of construction industries.
1967 - Post 6-day war, construction activity expands throughout the country.
1969 – Launching the first construction projects overseas
1963 - 1973
A Decade of Pioneering and Expansion
Established in 1963, the Ashtrom Group began its pioneering journey in industrialized construction in Israel. It commenced with a project focused on constructing 1,000 housing units, facilitated by establishing the nation's first factory for prefabricated construction in Ashdod. Post the Six-Day War, Ashtrom solidified its position in Israel's construction and infrastructure sector, contributing to the development of hundreds of thousands of housing units across the nation. Concurrently, it expanded its contracting endeavors, initiating concrete factories nationwide and engaging in raw material mining. By the end of the decade, it extended its contracting activities internationally, undertaking projects in Jamaica and the Caribbean.
1963 - Ashtrom Group is founded by Yehezkel Nussbaum, Haim Giron, Lipa Meshorer, and Elimelech Mayblom.
1965 - Haim Rubin joins the group as a partner and as a representative of the Gutwirt family.
1966 - Commencement of activity in the field of construction industries.
1967 - Post 6-day war, construction activity expands throughout the country.
1969 – Launching the first construction projects overseas
1973 - 1983
A Decade of Housing Initiatives
In 1973, the Ashtrom Group expanded its involvement in residential development in Israel. Within a decade, Ashdar was founded, emerging as the primary entrepreneurial division of the Ashtrom Group and contributing to the establishment of tens of thousands of residential units in new and existing settlements across the country. Concurrently, the group's international division extended its reach into residential development in the US during this period.
1973 - Alram, a partnership between Ashtrom Group and Israel Corporation LTD, ventures into residential development.
1981 - Commencement of real estate development in the US
1982 - Ashdar company established, marking expansion into residential real estate sector.
1973 - 1983
A Decade of Housing Initiatives
In 1973, the Ashtrom Group expanded its involvement in residential development in Israel. Within a decade, Ashdar was founded, emerging as the primary entrepreneurial division of the Ashtrom Group and contributing to the establishment of tens of thousands of residential units in new and existing settlements across the country. Concurrently, the group's international division extended its reach into residential development in the US during this period.
1973 - Alram, a partnership between Ashtrom Group and Israel Corporation LTD, ventures into residential development.
1981 - Commencement of real estate development in the US
1982 - Ashdar company established, marking expansion into residential real estate sector.
1983 - 1993
A Decade of Income-Producing Properties
During a decade marked by severe recession and skyrocketing inflation, the Ashtrom Group strategically diversified its portfolio by entering the income-producing properties sector, leveraging its robust contracting capabilities. This venture began with the Bat Yam mall's development, focusing mainly on trade and retail. Over time, the group expanded its involvement in income-producing properties to include offices, industrial and logistics complexes, as well as mixed-use properties. Approximately a decade later, Ashtrom extended its reach internationally by acquiring and managing properties in both England and Germany.
1987 - Establishment of Ashtrom Properties as the division that initiates, builds, and manages income-producing properties in Israel and overseas.
1993 - Opening the 16,000 sqm Bat Yam mall.
1983 - 1993
A Decade of Income-Producing Properties
During a decade marked by severe recession and skyrocketing inflation, the Ashtrom Group strategically diversified its portfolio by entering the income-producing properties sector, leveraging its robust contracting capabilities. This venture began with the Bat Yam mall's development, focusing mainly on trade and retail. Over time, the group expanded its involvement in income-producing properties to include offices, industrial and logistics complexes, as well as mixed-use properties. Approximately a decade later, Ashtrom extended its reach internationally by acquiring and managing properties in both England and Germany.
1987 - Establishment of Ashtrom Properties as the division that initiates, builds, and manages income-producing properties in Israel and overseas.
1993 - Opening the 16,000 sqm Bat Yam mall.
1993-2003
A Decade of Immigration and New Neighborhoods
As the substantial waves of immigration from the former Soviet Union began, the Ashtrom Group was w‘ll-prepared to confront this intricate challenge. Recognizing the magnitude of the situation, the group promptly responded to the request of the Minister of immigration at the time to construct thousands of housing units within a span of 3 years—an unprecedented challenge by any standard. The group adeptly fulfilled its mission, playing a central role for over a decade in the establishment of new cities and the expansion of neighborhoods, spanning from north to south.
1995 - Constructing of the city of Beitar Illit for the ultra-orthodox sector.
1996 - Constructing a new residential neighborhood for immigrants in Kiryat Shmona.
1997 - Expansion of a new neighborhood for immigrants in Kiryat Gat.
1999 - Constructing a neighborhood of detached homes in Kfar Tavor.
1993-2003
A Decade of Immigration and New Neighborhoods
As the substantial waves of immigration from the former Soviet Union began, the Ashtrom Group was w‘ll-prepared to confront this intricate challenge. Recognizing the magnitude of the situation, the group promptly responded to the request of the Minister of immigration at the time to construct thousands of housing units within a span of 3 years—an unprecedented challenge by any standard. The group adeptly fulfilled its mission, playing a central role for over a decade in the establishment of new cities and the expansion of neighborhoods, spanning from north to south.
1995 - Constructing of the city of Beitar Illit for the ultra-orthodox sector.
1996 - Constructing a new residential neighborhood for immigrants in Kiryat Shmona.
1997 - Expansion of a new neighborhood for immigrants in Kiryat Gat.
1999 - Constructing a neighborhood of detached homes in Kfar Tavor.
2003- 2013
A Decade of National Infrastructures
During the late 1990s, the Israeli government initiated extensive concessions for national infrastructure projects. Ashtrom successfully secured mega-projects, including the Carmel Tunnels, which commenced in late 2010, and the Light Rail, facilitating the annual transport of over 40 million passengers. The projects of this decade were distinguished by their extraordinary complexity in This decade’s projects were characterized by their extraordinary complexity in terms of engineering, management, and contracts, allowing the Ashtrom group to solidify its status and facilitated collaborations with some of the largest engineering, design, and concession companies globally.
2005 - Expansion of the "Eitan" port in Ashdod by extending the breakwater and adding decks.
2008 - Construction of the government campuses in Haifa and Be’er Sheva.
2010 - Completion of the Carmel Tunnels construction 2011 – Completion of the Light Rail project in Jerusalem.
2003- 2013
A Decade of National Infrastructures
During the late 1990s, the Israeli government initiated extensive concessions for national infrastructure projects. Ashtrom successfully secured mega-projects, including the Carmel Tunnels, which commenced in late 2010, and the Light Rail, facilitating the annual transport of over 40 million passengers. The projects of this decade were distinguished by their extraordinary complexity in This decade’s projects were characterized by their extraordinary complexity in terms of engineering, management, and contracts, allowing the Ashtrom group to solidify its status and facilitated collaborations with some of the largest engineering, design, and concession companies globally.
2005 - Expansion of the "Eitan" port in Ashdod by extending the breakwater and adding decks.
2008 - Construction of the government campuses in Haifa and Be’er Sheva.
2010 - Completion of the Carmel Tunnels construction 2011 – Completion of the Light Rail project in Jerusalem.
2023 - 2013
A Decade of Growth
During this decade, Ashtrom Group experienced a notable increase in financial strength, driven by significant investments and a substantial boost in its equity. The IPO on the Tel Aviv Stock Exchange transformed Ashtrom into a publicly traded company, providing a stable capital and financial foundation for the years ahead. This period also witnessed the introduction of new development fields, including long-term rental housing and renewable energy. The strategic relocation of all subsidiaries to Lyfe Towers played a crucial role in enhancing synergy among different divisions and fostering direct connections among all employees.
2014 - Ashtrom Group issues its IPO in the TASE (ASHG).
2016 - Launching a new long-term housing rental division in response to market demand.
2019 - Completion of Haifa's New Gulf Port: Israel's Largest Infrastructure Project.
2021 - Ashtrom launches its new renewable energy division focusing on energy projects in Israel and worldwide. 2021 – The group’s shares are listed under the prestigious TA-35 index on TASE.
2022 - The Ashtrom Group and all its divisions relocate to the LYFE towers.
2023 - 2013
A Decade of Growth
During this decade, Ashtrom Group experienced a notable increase in financial strength, driven by significant investments and a substantial boost in its equity. The IPO on the Tel Aviv Stock Exchange transformed Ashtrom into a publicly traded company, providing a stable capital and financial foundation for the years ahead. This period also witnessed the introduction of new development fields, including long-term rental housing and renewable energy. The strategic relocation of all subsidiaries to Lyfe Towers played a crucial role in enhancing synergy among different divisions and fostering direct connections among all employees.
2014 - Ashtrom Group issues its IPO in the TASE (ASHG).
2016 - Launching a new long-term housing rental division in response to market demand.
2019 - Completion of Haifa's New Gulf Port: Israel's Largest Infrastructure Project.
2021 - Ashtrom launches its new renewable energy division focusing on energy projects in Israel and worldwide. 2021 – The group’s shares are listed under the prestigious TA-35 index on TASE.
2022 - The Ashtrom Group and all its divisions relocate to the LYFE towers.