Isras Investment Company Ltd.
Real Estate
Company's Profile
Established: | 1950 |
Line of Business: | Real Estate |
Address: | 3 Har Sinai St., Tel Aviv 6581603 |
Phone: | 972-3-7130200 |
Fax: | 972-3-5606864 |
Email: | [email protected] |
Website: | http://www.israsgroup.co.il |
Company Executives
Leading Executives
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Shlomo Eisenberg Chairman of the Board
Adi Dana Chief Executive Officer
Eli Kamar CEO GATI
About Isras Investment Company Ltd.
Isras Group is one of Israel’s largest and longstanding real estate groups which specializes in the development, construction and management of yielding properties. The Group has some 85 employees, decades of experience and a diverse portfolio of properties located throughout Israel. Isras is a public company, with its shares traded on the Tel Aviv Stock Exchange as a part of the “TA-125” Index. The Group’s 2023 consolidated balance sheet totaled 9.5 billion NIS; shareholders’ equity totaled 4.8 billion NIS, and net income in 2023 totaled 500 million NIS.
ISRAS, which was founded some 85 years ago, is, among other facts, one of Israel’s largest real estate groups, and it includes the following companies:
• Rassco - Rural and suburban settlement company (100% owned).
• GATI - Jerusalem Technology Park Ltd. (74% owned).
• Ogen Yielding Real Estate Investment Ltd. (100%).
The Group has expertise and experience in the development, construction, and management of yielding properties and it owns extensive lands and building rights for future development.
Isras, Ogen & GATI – Income Yielding Properties
These companies own about 616,000 sq.m. of yielding properties, and in addition, 179,000 sq.m. in construction stages. These properties include technological parks at Jerusalem’s Malha and Har Hotzvim (through the GATI subsidiary); office and commercial parks in Ramat Ha’hayal, Rehovot, Netanya, Petah Tikva, Holon, Ramat Gan, Rosh HaAyin, Afula, Neve Ilan, and more. Isras Group also own workshops and industrial buildings, and parking lots throughout Israel. The yielding properties’ worth is approximately 8.1 billion NIS. Isras Group maintain a reserve of land and construction rights for the construction of yielding properties upon additional 660,000 sq.m.
Gissin Park, Petah Tikva
On a land of approximately 41.500 sq’m, located on the junction of Gissin, Bazel and Harav Malka streets, the construction of stage A of an offices and commerce park, which includes 3 6-story office buildings, has been completed. This includes a total of 40,500 sq.m. for rent (35,000 sq.m. above ground, and the rest is an underground data center), and approximately 1,000 underground parking spaces. Stage B which construction finished in the 2nd quarter of 2024, and it includes a 19-story addition to the existing 6 stories in one of the buildings on the premises, in an overall 23,400 sq.m. for rent. The rest of the land maintains rights to 200,000 sq.m. for the construction of the future stages of Gissin Park.
“Shaar Hamada” (formerly Metromall) – Rehovot
A park that includes offices, life science, commerce and hotels, built in 2 towers on approximately 40,000 sq.m. on a 720-space parking lot. The park is located next to Rehovot’s train station and the central access routes. The company began construction of the third tower on 31,500 sq.m. and 614 parking spaces, due to be completed in 2026.
Technological Parks in Jerusalem
GATI park Malcha and GATI Har Hotzvim park, the leading office complexes in Jerusalem, are located upon a constructed area of 150,000 sq.m., with tenants from the leading companies, both from Israel and worldwide.
“David’s Crown” – The Diamond in the Crown
“David’s Crown” is one of the most prestigious and attractive projects in Jerusalem. The project was built on the 31-dunam YMCA lot. In the past, some 35,000 square meters for sale and lease being built, mostly for residence and office and commerce. Another 11,000 sq.m. for hotels and residence are in permit proceedings.
Additional projects under Construction
• Tirat HaCArmel – a future project which includes 45,000 sq.m. of employment and commerce spaces would be built.
Other Selected Group Projects
• Ogen Park, Netanya, Poleg Industrial Zone.
• Ogen Park in Ramat Ha’Hayal, Tel Aviv.
• Ogen (Siebel) Park, in Rosh Ha’ayin.
• Ogen Park in Ha’Sivim Street Complex, in Petah Tikva.
• The Elbit/Elisra company complex in Holon.
• D-Mall Center – a commercial center in the Ramat-Gan Diamond Exchange Complex
• Communications Park Neve Ilan.
• Hakikar mall, Petah Tikva
The average occupancy rate as of 31/12/23 in these assets is about 90%.