Levinshtein Group, listed as Meshulam Levinstein Engineering and Contracting, is one of three equal partners in ZOHI, 230 homes on Eshkol lot 110 bought with Allied (Metropolis) and Mivne for ₪634M plus ₪26M development in August 2021. ZOHI opened pre-sales in January 2026 and had 63 signed contracts by 30 June 2026, 12 of them in the second quarter at an average of ₪60,055 per sqm. The February 2025 tender round, about 35 per cent below 2021 prices, forced the group to write its Sde Dov land down.
Meshulam Levinstein, Allied and Mivne won lot 110 for ₪634M plus ₪26M development, August 2021
Design plans approved for lot 110 (with Allied/Metropolis and Mivne), August 2024
ZOHI pre-sales launched January 2026 at 20 per cent on signing and the balance on occupancy, expected in the second half of 2030
63 ZOHI contracts signed by 30 June 2026
On the record
Published facts a buyer would want before signing. Each carries its source.
Sde Dov land write-downs halved the group's net profit
After the February 2025 tender round cleared about 35 per cent below 2021 prices, the subsidiary Levinstein Properties wrote its Sde Dov land down by a further ₪24.4M, on top of a ₪10M write-down taken in 2022. Calcalist reported that this halved Levinstein Engineering's net profit, to around ₪31M. The same subsidiary is being delisted from trading, and management fees paid to it were raised by 49 per cent, which is the kind of related-party detail a governance-minded buyer would want to know.
ZOHI's prices are quoted net of deferred-payment terms
ZOHI launched with 20 per cent payable on signing and the rest on occupancy, and a later campaign offered studios and two-room homes from ₪2.48M on 20/80 terms with no index linkage. Levinstein's own reports say the average price per sqm is shown after deducting a significant financing component. Globes calculated that component at about 6 per cent: ₪64,700 per sqm including VAT in the first quarter of 2026 becomes ₪60,900 net of financing.
Both are Globes readings of the partners' reports, three months apart. The difference is probably one of basis (VAT and financing adjustments, or which partner's report); neither article states the basis of the other figure.
Listed Sde Dov prices hold at ₪75,000 to ₪85,000 per sqm, but financing offers hide a discount
Bizportal: developers' first-quarter 2026 filings show a slowing sales pace and financing offers worth a hidden 6 to 8% off the listed price. Israel Canada reported an average of about ₪85,700 per sqm including VAT. ZOHI reported a headline average of ₪64,700 per sqm, which falls to about ₪60,900 once the financing discount is taken out.
District records
Three developers launch Zohi Tel Aviv (Levinshtein, Metropolis/Allied, Mivne)
The 230-unit low-rise project on Eshkol lot 110 goes to market, the district's deliberately shorter skyline.
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