Chairman of the Board of Directors
Chief Executive Officer
Co-Chief Executive Officer, GATI
Co-Chief Executive Officer, GATI
Isras is a public company, and its shares are listed for trading on the Tel Aviv Stock Exchange, under the TA-125 Index. In 2018, the Group’s consolidated balance sheet totaled NIS 6.4 billion, shareholders’ equity totaled NIS 2.9 billion, and net income totaled NIS 409 million.
The Isras Group was founded some 69 years ago, 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” Investment & Development Co. Ltd.) (100% owned);
Ogen Real Estate Investment Yielding Ltd. (100% owned).
The Group has extensive abilities and experience in the development, construction, and management of rental properties (through Isras, Ogen and GATI) and residential construction (through Rassco and Rassco Residences), and also holds abundant land reserves and building rights.
Isras, Ogen, and GATI–Rental Properties
GATI – Jerusalem Technology Park:
Among its tenants are hi-tech companies, government offices, banks, institutions of higher education and international communications networks.
Built up area: 61 thousand square meters–average occupancy rate is 97%
Fair value: NIS 777 million,
Future rights: 30 thousand square meters.
These companies own over 630,000 square meters of rental properties. The properties include, inter alia, the Malha and Har Hot’zvim technological parks in Jerusalem (through the GATI subsidiary); office parks and commercial complexes in Ramat Ha’Hayal, Rehovot, Netanya, Petah Tikva, Holon, Ramat Gan and more. The companies also own industrial and workshop buildings as well as parking lots throughout Israel, as well as a sheltered housing complex in Kfar Shmaryahu (through the 100% owned Neve Aviv Club subsidiary).
The value of the rental properties is NIS 5.4 billion. The companies hold land reserves and building rights for the construction of rental properties with an additional 500,000 square meters.
Rassco – Company for Agricultural and Urban Settlement Ltd. and Rassco Residential Ltd. (Formerly Ocif):
These companies focus on the development and construction of hundreds of residential units in the in-demand areas of Jerusalem, Haifa, Givat Shmuel, Kiryat Tivon, and Nahariya. The companies hold land reserves now in various planning stages for 600 residential units. Moreover, the companies are involved in several urban renewal projects, now at various stages of finalization for 1,350 residential units.
“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 a 31-dunam plot. Building rights are for 35,000 square meters for sale and rental. The project offers 140 deluxe residential units, along with offices, shopping areas, and hotels. Most properties have already been marketed and populated.
“Ramat Ha’Nasi” – Haifa:
“Ramat Ha’Nasi” is a joint project with Gav Yam. The neighborhood is designed to give a sense of wholeness and to respond to all needs–the public areas have parks and garden areas, sports facilities,shopping, and commercial facilities, as well as community services such as a school and kindergartens. The neighborhood offers an inner ring road. The neighborhood is centrally located, with access to most major highways and mass transit centers. The neighborhood will offer 1,000 residential units in 18 towers and a 5,000-square meter commercial center. Up to now, 650 residential units have beensold and occupied.
Projects Under Construction
• An open commercial center in Kfar Ganim/Petah Tikva, covering 10,000 square meters
• Metro-Mal Park/Rehovot – next to the train station, increasing the existing park by 38,000 square meters.
• The Olivex complex, Kiryat Aryeh/Petah Tikva, Isras has rights covering 118,000 square meters. In the first stage; 35,000 square meters will be built up.
• Har Hot’zvim/Jerusalem–expanding the existing complex by 38,000 square meters.
Other Selected Projects
• Ogen Park in Netanya.
• Ogen Park in Ramat Ha’Hayal, Tel Aviv.
• Metro-Mall Park in Rehovot (near the train station).
• Siebel Park in Rosh Ha’ayin.
• Ogen Park on Ha’Sivim Street, Petah Tikva.
• The Elbit-Elisra complex in Holon.
• The “D-Mall” Center – a business center in the Diamond Exchange complex in Ramat Gan.
• Neve Ilan – Jerusalem
The average occupancy rate of these properties is 90%.
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