Gabso Group

The roots of the real estate group Gabso were planted in the 1950s by the Late Alberto Gabso, who immigrated from Libya to Israel and was immediately recruited to the IDF as a combat soldier in the War of Independence. Upon his honorable discharge, Alberto founded in 1950 a construction company which later became the family-owned company “Alberto Gabso & Sons Ltd.”. During their 70 years of operation, Alberto and his sons built thousands of apartments across Israel, and numerous people who worked under Alberto later became the owners of some of Israel’s largest construction companies. Alberto passed away in 1994, and the company has been managed by his sons, Gabi, Haim, and Ilan. In Alberto’s days, the company’s reputation as a highly-esteemed, reliable and stable company was established in the industry, a reputation that persists to this very day.

The Group’s Owners of Controlling Interests

group was controlled by the family’s mother, the late Yehudit Gabso (1943-2022). After her passing the company was handed over to Albert and Yehudit’s 5 children. Today, brothers Gabi, Haim, and Ilan act as its managers (30% ownership each), Julie handles the group’s operations, and Ami, who handles “Or HaYarden” construction company (5% ownership each).

 

Urban Renewal

Among its other activities, Gabso Group is also active in the various types of urban renewal: Pinui-Binui, Tama 38/2, asset-swap transactions, land betterment, and rezoning. The Group’s current flagship urban renewal project is a mega-Pinui-Binui project in the neighborhood of Yafo C, where 28 buildings would be evacuated in the streets of Baruch Karo, Zalman Meisel, and Isaac Harif. The old complex includes 460 apartments, of which 120 would undergo seismic retrofitting and the rest would be demolished. In place of the old building, the mega-complex would include the construction of about 1,200 new apartments in a modern and designed building of 9-20 stories each, a walking distance from the beach. As part of the planned development, subterranean parking, public buildings, green gardens and more would be built in the area. The project is currently in the planning stage vis-à-vis the municipality of Tel Aviv. At the same time, the group promotes many urban renewal projects in various cities, mainly in the Central District and Tel Aviv region.

Yielding Properties
Alongside its vast residential construction operations, the company holds diverse yielding properties such as industrial facilities, medical centers, hotels, residential apartments in various cities in Israel and more. These properties were purposely built by the company as yielding properties, and it rents them on a long-term basis.

The Trailblazing “Community” Complex
The Group built a trailblazing complex called “Community on the Park” in the new Carmei Gat neighborhood. The project includes four 9-story buildings with a diverse apartment mix, with a total of 200 apartments, 100 for sale and 100 for rent. The complex’ maintenance and day-to-day management are executed by the Gabso Group. The complex’ unique characteristics enable it to provide its residents with valuable and convenient services, including the community life management, classes, toddlers and youth clubs, ongoing maintenance, daycare, etc., all in a single area with a sense of home and community. All of the project’s apartments are populated and have a high reputation in the city.

Hotels

In recent years, the group also entered the hotels’ segment. The company owns the Albert Hotel which is built on Ahad Ha’Am St. in Tel Aviv. This is a particularly luxurious hotel with 91 rooms, which is managed by the Isrotel chain. In addition, the company is planning and executing two hotels in Jerusalem. One hotel is planned on Ben Sira St. in Jerusalem, only 300 meters from Mamila Av. near the old city. This hotel would include about 90 boutique rooms. The second hotel in Jerusalem is planned on Shlomzion HaMalca St., and it is expected to include 200 rooms.

Building with Love

The pillars on which the Group is based are the owners’ commitment to professionalism, business prudence, reliability, and financial strength and excellent service for the customers while sharing the experience of building their apartments with them. However, the most significant pillar is the love of its executives and employees for the construction sector. Thus, despite the large quantity and broad diversity of its projects at any given moment, it is known as a company with warm and familial relationships with its various suppliers and customers.