Lands

A land parcel was located along the Herbert Samuel Promenade shoreline between Herbert Samuel, Hayarkon, Yonah Hanavi, and Geula Streets in downtown Tel Aviv. We are advancing a master plan for constructing a combined residential project and hotel rights with an area of approximately 12,000 m2, compared with the current zoning plan that allows approximately 3,600 m2.

The group holds shares in a public corporation that owns property rights in approximately 615 dunams in strategic areas throughout Israel including
Ramat Hasharon, Beit Dagan, Kfar Yona, and Gan Yavne.
The company is working on releasing the restrictions on the land and changing its zoning designation from agriculture to residential and occupational according to the comprehensive plans applicable in the relevant localities.
Furthermore, the company owns rights in various yield-bearing assets in Tel Aviv, Rehovot, and Ashdod.