Gav-Yam

Land Corporation Ltd. was established in 1928 by the Palestine Economic Corporation (PEC), and in its beginnings was involved with developing industrial and commercial parkes as part of the Zionist vision of land redemption and developing the land of Israel. Ever since, Gav-Yam has accompanied Israel’s growth and prosperity by constructing a variety of unique projects and income-producing assets all over the country. From 1978, the company has been traded on the Tel Aviv Stock Exchange.
Gav-Yam’s high-tech, logistics, industrial and commercial parks have become a household name, with a variety of clients that include the leading and most important technological, industrial and business companies in Israel and the world. As one of the oldest, most experienced real estate companies in Israel, Gav-Yam provides its clients with tailored service that includes all aspects of planning, development and management.

CUTTING EDGE OF TECH AND BUSINESS

Gav-Yam stands at the forefront of business real estate in Israel. The company owns extensive areas for tech parks and logistics and industrial centers nationwide.
Gav-Yam’s sites include class A buildings and enjoy exposure, high accessibility close to main thoroughfares and train stations, parks and green areas. Gav-Yam owns the only parks in Israel in partnership with leading Israeli academic institutions, such as the Hebrew University of Jerusalem, Ben-Gurion University of the Negev and the Weizmann Institute. The company owns 19 employment, tech, logistics and industrial parks, in 16 cities, with an area covering 1.1 million square meters located in the largest cities and in high-demand areas.
The company has about 400 tenants, among them leading Israeli and international companies such as Apple, Intel, Elbit Systems, Microsoft, Google, Amazon, Dell, IBM, GE, GM, Philips and many others.

MAIN PROPERTIES:

ToHa 1 – Located in the sought-after business center in Tel Aviv, close to Hashalom Interchange, Ayalon Highway and within walking distance of Tel Aviv Hashalom train station, ToHa includes an area of 89,000 m2, of which 57,000 m2 are aboveground (company share 50%).
Matam Park in Haifa – The largest, leading tech and business park in Israel, Matam Park includes a built area of 377,000 m2, in partnership with the Haifa Economic Corporation Ltd.
All the leading technology companies have set up their headquarters in the park on significant areas, where they enjoy unique advantages and unique services offered by the park (company share 50.1%).
Gav-Yam Herzliya North – One of the most advanced tech, business and retail parks in Israel, with a total area of 134,000 m2, located in the north of the industrial zone, Gav-Yam Herzliya North combines office buildings and commercial areas surrounding a spectacular inner square.
Gav-Yam Herzliya Center – With 116,000 m2 in built area, this park is located on the coastal road, with maximum accessibility and visibility from Highway 2. The complex houses tech and service companies, as well as commercial areas.
Gav-Yam Park Negev – The first advanced tech academic park in Israel, which, upon completion, will cover 200,000 m2. In collaboration with Ben Gurion University of the Negev and Beer Sheva Municipality, this park is located near the train station and within walking distance of Ben Gurion University, and adjacent to the newly established IDF ICT campus. The park has buildings with a total area of 62,000 m2, and is the leading tech and cyber park in Israel’s south (company share 73%).
The company owns other parks throughout the country: Rehovot, Holon, Haifa Bay, Tirat Carmel and more.

FROM NORTH TO SOUTH – PROJECTS UNDER DEVELOPMENT

The company develops projects nationwide, totaling 562,000 m2, in planning and construction stages (the company’s share is 407,000 m2). The company has 450,000 m2 of “air rights” available (company share) to develop additional future projects.
Matam East #3 – offices covering an area of 43,000 m2, 30,000 m2 of which is aboveground.
Gav-Yam Hebrew Campus – A project in collaboration with the Hebrew University of Jerusalem and the Jerusalem Development Authority. In the first phase, the company is constructing two buildings with an area of 89,000 m2, of which 57,000 m2 are aboveground. The project is being developed under a combination transaction (company share: 66%).
ToHaTWO – As part of the ToHa complex in Tel Aviv, the company is constructing an 80-story office tower with a total area of 205,000 m2, of which 160,000 m2 is aboveground (company share: 50%). 38% of the aboveground area in the project has been marketed.
Herzliya North – Gav-Yam O2 – A business tower that is an extension of a campus that includes some of the world’s leading tech companies, with an area of 60,000 m2, of which 38,000 m2 is aboveground. The project has been fully marketed.
Gav-Yam Park Rehovot #5 – Offices with an area of 39,000 m2, of which 24,000 m2 is aboveground. The project has been fully marketed.
Gav-Yam Park Haifa Bay #5 – Logistics center with an area of 8,000 m2. Fully marketed.
Gav-Yam Park Negev #5 – Offices with an area of 15,000 m2.

GAV-YAM RESIDENTIAL

In 2024, the company acquired the residential activities of Property & Building Corporation Ltd., the controlling shareholder in the company, which includes several urban renewal and residential projects in high-demand areas in Israel’s center, totaling 550 units (company share). Projects include a luxury urban renewal project in the Dafna complex in the heart of Tel Aviv, and projects in Petah Tikva and Kiryat Ono.
This activity comes on top of the company’s promotion of zoning planning and licensing, and creates the potential for 6,750 units in total (company share).

FINANCIAL INFORMATION

The company ended 2023 with approximately ILS 757 million in revenue from property rentals and management fees. Occupancy rate in income-generating properties: approximately 98%. The net profit attributed to shareholders amounted to approximately ILS 499 million. Equity attributed to shareholders: approximately ILS 4.2 billion. Value of real estate for investment: approximately ILS 14.0 billion.
The FFO attributed to shareholders in 2023 amounted to approximately ILS 401 million.

MAIN COMPANIES HELD BY GAV-YAM

MATAM Scientific Industries Centre Haifa Ltd. (50.1%) – owner of Matam Park, and additional properties in Haifa.
Gav-Yam Negev Ltd. (73.25%) – owner of Gav-Yam Negev Park in Beer Sheva.