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dam Neumann's real estate company Flow has acquired a 30% stake in Israel's Canada Global for NIS 99 million, expanding its global presence with residential projects in Riyadh, Saudi Arabia. This move marks Flow's entry into the Israeli market and positions the company for US growth by 2025.

    Flow's acquisition of Canada Global values the company at NIS 340 million, with controlling owners Assaf Tochmeir and Barak Rosen retaining 60% ownership. The partnership aims to create world-class real estate projects outside Israel, starting in the US. Flow will oversee all of Canada Global's international real estate activities.

    The companies plan to develop three residential buildings in Riyadh, housing 920 units, aligning with Flow's community-driven model. This is part of Flow's rapid expansion into international markets. The company already has six buildings in the US and plans further expansion by early 2025.

    Tochmeir and Rosen see significant potential for growth in the US, particularly in Florida. Neumann stated that he is excited to work with Canada Global to offer Flow's community-driven residential experiences globally. The partnership will focus on property development, planning, acquisitions, and asset management, targeting impactful real estate projects internationally.