DUN'S 100 - 2016

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Construction & Real Estate
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2016 | DUN’S 100 DUN’S 100 | 2016
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13 Real Estate Development
RANK
Isras Investment Company Ltd.
The Isras Group is one of Israel’s largest and
most senior real estate groups and special-
izes in the development, construction and
management of rental properties and residential
construction. The Group has some 134 employ-
ees, decades of experience, hundreds of success-
ful projects, and a diverse portfolio of properties
located throughout Israel. Isras is a public com-
pany, with its shares traded on the Tel Aviv Stock
Exchange on the TA 100 Index. The Group’s 2015
consolidated balance sheet totaled NIS5.5 billion;
shareholders’ equity totaled NIS 1.88 billion, and
net income totaled NIS 304.5 million.
The Isras Group was founded some 66 years
ago, and today is one of Israel’s largest real es-
tate groups. The Group includes the following
companies:
• Rassco – Company for Agricultural and Urban
Settlement Ltd. (100% owned);
• GATI – Jerusalem Technology Park Ltd. (74%
owned);
• Rassco Residential Ltd. (formerly “Ocif” Invest-
ment & Development Co. Ltd.)
• Ogen Yielding Real Estate Investment Ltd.
The Group has expertise and experience in the
development, construction and management of
rental properties (through Isras, Ogen, and GATI)
and residential construction (through Rassco and
Rassco Residential). As well, the Group has exten-
sive holdings of real estate and building rights
Isras and Ogen – Income Yielding Properties
Jerusalem Technological Park (JTP)
Tenants include: high-tech companies, government
ministries, banks, institutes of higher learning, and
foreign media networks.
Amount of construction: About 60,000-sq.m. Occu-
pancy: About 95%. Fair Value: About NIS 700 mil-
lion. Balance of future right: About 30,000-sq.m.
In December 2015, digging and shoring work be-
gan to expand the complex with construction of
new buildings to use up the balance of the area’s
building rights.
These companies own over 600,000 square me-
ters of rental properties. The properties include
technological parks at Jerusalem’s Malha and Har
Hot’Zvim (through the GATI subsidiary); office and
commercial parks in Ramat Ha’hayil, Holon, Reho-
vot, Netanya, Petah Tikva, Ramat Gan and more.
The companies also own industrial buildings, park-
ing lots, and small workshops throughout Israel,
and an assisted-living complex in Kfar Shmaryahu
(through Moadon Neve Aviv - 100% owned).
The rental properties are valued at some NIS 3.8
billion. During 2015, construction began on addi-
tional rental properties with an investment of NIS
400 million. The companies hold some 300,000
square meters of real estate and building rights,
designated for the future construction of rental
properties.
Rassco – Company for Agricultural and Urban
Settlement Ltd. and Rassco Residential
Construction
These companies focus on the development and
construction of hundreds of residential units in the
in-demand areas of Jerusalem, Haifa, GivatShmuel,
Kiryat Tivon and Nahariya. In 2015, construction
began on some 250 additional residential units.
The companies hold land reserves currently in
various planning stages for some 600 residential
units. Moreover, the company is involved in several
“evacuation-reconstruction” projects, currently at
various stages of finalization for some 1,500 resi-
dential units.
“David’s Crown” – The Diamond in the Crown
“David’s Crown” is one of themost prestigious and
attractive projects in Jerusalem. The project was
built on the 31-dunamYMCA lot. Building rights are
for some 35,000 squaremeters for sale and lease,
including 200 deluxe apartments. The project also
includes offices, shopping areas, and hotels.
“Ramat Ha’Nasi” – Haifa
“Ramat Ha’Nasi” is a joint project with Gav Yam.
The neighborhood is designed to respond to: pub-
lic areas including parks and garden areas, sport
facilities, shopping and commercial facilities, as
well as community services such as school and
kindergartens. The neighborhood is gated, with
two main entrances, (with an inner ring road in
the neighborhood). The neighborhood is centrally
located - with access tomost major highways (High-
ways 2 and 4, and the Carmel Tunnels), mass tran-
sit centers (Hof Ha’Carmel Railway Station and the
Egged Central Bus Station), employment centers
(theMatamPark), culture and shopping areas. The
neighborhood is in the early stages of construction
and will include some 1,063 residential units in
18 towers. All apartments will overlook the sea
and park and there is a large range of units. Within
the neighborhood a commercial center was built
and is operating covering 5,000-sq.m. So far 650
units have been built, of which about 550 have
been occupied.
Other Selected Group Projects
• Ogen Park Netania.
• Ogen Park, in Ramat Ha’Hayil - 3 office buildings
and a commercial center.
• The Elbit and Elisra company in Holon.
• Metro-Mall in Rehovot (adjacent the Rehovot
railway station).
• Siebel Park, in Rosh Ha’ayin.
• Ha’Sivim Street Complex, in Petah Tikva.
• DMall Center - a commercial center locatedwithin
Ramat Gan’s Diamond Exchange complex.
3 Har Sinai St., Tel Aviv 6581603
Tel: 972-3-7130200
Fax: 972-3-5606864
Esta b l i s h e d
1950
L i n e o f B u s i n ess
Real Estate
Se n i o r e x ecu t i v es
Shlomo Eisenberg Chief Business Officer and Chief Director
Shai Tauber Chief Executive Officer
Victor Crief Chief Executive Officer – GATI
Rassco – Company for Agricultural
and Urban Settlement Ltd.
Ogen Yielding Real Estate
Ltd.
GATI – Jerusalem Technology
Park Ltd.
Rassco Residents Ltd.
(former Ocif)
74% 17% 100%
83%
100%
Isras Investment Company Ltd.