Vitania

What Vitania does

Vitania is a public Israeli real estate company, founded in 1995 and listed on the Tel Aviv Stock Exchange since 2015, that develops and owns commercial real estate — primarily Class A office towers — and residential projects. Operations are concentrated in prime Israeli submarkets including central Tel Aviv, the Har Hotzvim high-tech cluster in Jerusalem, Herzliya Pituach, Petah Tikva, Modiin, Or Yehuda, Ness Ziona, and Migdal, with one historical asset in Gdansk, Poland. The company reports a stabilized, income-producing portfolio of approximately 200,000 square meters, of which more than 95% is office space, alongside a development pipeline of approximately 579,000 square meters (340,000 sq m net to Vitania) and roughly 1,000 residential units.

The revenue model is grounded in long-term leases with quality corporate and institutional tenants. Anchor relationships include Teva Pharmaceutical Industries, which leases the entire ~19,500 sq m Vitania Tower in Jerusalem under a long-term agreement; Bank Hapoalim, which purchased the ~60,000 sq m Eastern Tower in Tel Aviv; and additional occupiers such as Mindspace, Moonactive, Gornitzky, Apple, AppsFlyer, Cognyte, and Drisco Hotel. Residential development provides a secondary for-sale revenue stream layered on top of recurring rental income, and stabilized asset sales (e.g., the Eastern Tower disposal) generate episodic, lump-sum revenue.

The company's growth engine is a multi-year development pipeline executed through long-standing construction and operating partnerships, including SGS (since 1995), Delek Motors, CPM, Carasso Real Estate (VICA Business Park, 50/50 JV), and the Landa Family (Ness Ziona Science Campus, signed in 2021). Capital structure combines public equity with anchor shareholders — Talcar Ltd, SGS, and Harel Insurance — alongside an approximate 17% public free float; the company is led by CEO Yariv Bar-Da'at, Chairman Ehud Samsonov, and CFO Boris Barkai.

Name

Vitania

Legal name

Vitania Ltd.

Website

https://vitania.co.il

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Public Israeli real estate company that develops and owns Class A commercial office properties (~200,000 sq m stabilized) and residential projects across prime Israeli submarkets. Anchor tenants include Teva Pharmaceuticals and Bank Hapoalim, with a 579,000 sq m development pipeline.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

Real Estate (6500), Lessors Of Real Property, Nec (6519), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Commercial real estate
• Income-producing properties
• Office leasing
• Residential development
• Real estate investment

Headquarters

HQ city

Tel Aviv-yafo

HQ country

Israel

HQ region

Middle East

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Rental income from income-producing properties: Vitania generates recurring rental income from approximately 200,000 sq m of income-producing properties leased to quality tenants. Over 95% comprises office space with the remainder being commercial areas.
2. Residential property sales: The company builds and sells residential buildings and assisted living facilities. Completed projects have been sold in Tel Aviv, Israel, and Gdansk, Poland.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Vitania Ltd. is an Israeli public real estate company that acquires land, develops, constructs, leases, and manages income-producing commercial properties—primarily premium office towers—and develops residential projects in Israel. The company generates recurring rental income from approximately 200,000 sq m of leased office and commercial space and one-time sales revenue from residential unit sales and asset disposals (e.g., Bank Hapoalim headquarters sale).

Product overview

Vitania Ltd. is a public Israeli real estate company (listed on TASE since 2015) that operates a portfolio of income-producing commercial properties and develops residential projects. The company's product portfolio consists entirely of physical real estate assets — it does not offer a software platform or SaaS product. The portfolio is organized across two main categories: (1) Income Producing Properties, including office towers (Vitania Tower Ramat Hahayal, Vitania Tel Aviv Phases A, B, C, Cognyte House, Amzur House, Ziviel House, Fedco House, Atrium 2 Modiin, Terminal Park), hospitality assets (Drisco Hotel), and commercial centers (Vitania Migdal Beach); and (2) Projects Under Development, including VICA Business Park (Petah Tikva), Landa-Vitania (Ness Ziona), and Vitania Har Hotzvim (Jerusalem). The company also promotes residential development (~1,000 units in Tel Aviv, Ness Ziona, and Herzliya). Properties are managed via an agreement with SGS, which provides construction execution and property management services. The company owns approximately 200,000 sq m of income-producing properties (95%+ office space) and has an inventory of ~579,000 sq m (company's share ~340,000 sq m) in various planning/construction stages.

Differentiator

Problem solved

Functional benefit

Products and services

• Vitania Tel Aviv, Phase A (La Guardia Tower) A 36-story office tower in Tel Aviv fully leased to quality corporate tenants including Gornitzky Law Firm, a major gaming company, and Mindspace flexible workspace provider. Includes retail/showroom space for BMW and Mini Cooper.
• Vitania Tel Aviv, Phase B – Bank Hapoalim Tower A 41-story office tower at 18 Haharash St., Tel Aviv, sold entirely to Bank Hapoalim to serve as the bank's headquarters upon completion. Part of the Vitania Tel Aviv complex developed with Delek Motors.
• Vitania Tel Aviv, Phase C (המגדל המעורב) A mixed-use tower in Tel Aviv combining 20 office floors with 130 luxury residential units on upper floors, above underground parking. Includes community facilities (rhythmic gymnastics halls, Mathematics Museum) as public service to Tel Aviv Municipality.
• Terminal Park, Or Yehuda A mixed office, logistics, and commercial project in Or Yehuda Industrial Zone near Ben Gurion Airport, with Phase A (30,000 sq m office) and Phase B (20,000 sq m) leased to tenants including National Roads, Leumit Health Care, MyHeritage, El-Al, and Courier Networks.
• Amzur House, Herzliya Pituach An office and commercial building in Herzliya Pituach with 24,000 sq m above-ground area and 21,000 sq m underground parking, leased long-term to a mix of corporate, hospitality, government, and retail tenants.
• Cognyte House, Herzliya Pituach An office and commercial building in Herzliya Pituach with 19,000 sq m above-ground area leased almost entirely to Cognyte Software LP under a long-term agreement, plus light industry and parking underground.
• Ziviel House, Ramat HaHayal An office and commercial building in Ramat HaHayal, Tel Aviv with 32,000 sq m office/commercial space plus an adjacent 9,000 sq m hotel building leased long-term to Fattal Hotels (Leonardo brand). Multi-tenant occupancy including Altshuler Shaham, Gett, Cornerstone, clinics, and labs.
• Vitania Tower (Ramat Hahayal) – Teva Tower A 17-floor office tower in Ramat HaHayal, Tel Aviv, with 19,500 sq m above ground and 44,000 sq m underground parking, fully leased to Teva Pharmaceuticals since Fall 2020 under a long-term contract. Includes a 5,000 sq m Tiv-Taam supermarket commercial floor. Built to stringent green building standards.
• Atrium 2, Modiin A five-floor office building in the Modiin technology park with 10,000 sq m of offices, commerce, and shared workspaces, with DSV as primary tenant. Developed in partnership with CPM.
• Vitania-Fedco House, Herzliya Pituach An office and commercial building in Herzliya Pituach with 13,500 sq m above-ground and 20,000 sq m underground (parking/storage), leased to office tenants AppsFlyer and Apple, plus commercial tenants including Jems Beer, Herbert Hecht, Fervital Marble, and Bugaboo.
• Vitania Migdal Beach A 5,000 sq m open commercial building near Migdal Junction on the Sea of Galilee shore, leased to Dabach supermarket, Magdalena Restaurant, pharmacy, Columbia, and We Shoes. 100% owned by Vitania with planned 1,400 sq m expansion.
• Drisco Hotel, Tel Aviv A boutique hotel in Tel Aviv's American Colony area restored from the former Jerusalem Hotel building, with approximately 43 rooms and suites and the George & John's chef restaurant. Adjacent 60-unit residential complex sold out. Company's share: 33%.
• VICA Business Park, Petah Tikva A high-tech and commercial park in Petah Tikva developed in partnership with Carasso Real Estate (50/50). Five 10-story buildings plus a 35-story tower totaling 120,000 sq m, with 2,500 underground parking spaces. Phase 1 expected Q1 2025.
• Landa-Vitania, Ness Ziona Science Campus A multi-phase project on the Ness Ziona Science Campus spanning 105,000 sq m for industry, offices, and commerce, developed in partnership with the Landa family. Phase A (37,000 sq m) is an industrial/lab/office building expected to open in early 2025, with ~13,000 sq m pre-leased long-term to Landa Group companies. Built to stringent green building standards.
• Vitania Har Hotzvim, Jerusalem A Jerusalem property in Har Hotzvim acquired in 2020 from Teva's former inhaler plant, comprising a 24,000 sq m plot with 10,000 sq m of clean rooms, laboratories, offices, and a logistics warehouse, with remaining land rights for up to 130,000 sq m of industry/offices development.
• Residential Developments (~1,000 units) Vitania's residential development pipeline comprising approximately 1,000 luxury residential units in Tel Aviv, Netanya, and Habazelet Hasharon, plus units integrated within mixed-use developments (Vitania Tel Aviv Phase C, Drisco complex). Marketed and sold directly to affluent individual buyers.

Named customers19 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered major, core and minor.

• Landa FamilymajorStrategic or Co-development Partner · 1 January 2021Agreement signed in early 2021 for purchase of half of phase A rights in Ness Ziona Science Campus complex (105,000 sq m total). Phase A is 37,000 sq m building combining industry, labs, and offices. 13,000 sq m pre-leased to Landa Group companies under long-term contract.
• SGScoreImplementation/ SI/ Consulting Partner · 1 January 1995Property execution and lease management agreement with SGS, conferring execution capabilities and flexibility in construction and enabling operation of properties at high standards and competitive prices. Partnership established from company's founding in 1995.
• Delek MotorsmajorStrategic or Co-development PartnerPartnership with Delek Motors for Vitania Tel Aviv Phase B project, which includes two 42-story towers with 100,000 sq m total area. The Eastern Tower sold to Bank Hapoalim, Western Tower is mixed-use with offices and 130 residential units.
• Carasso Real Estate Ltd.majorStrategic or Co-development Partner50% partnership with Carasso Real Estate for VICA Business Park in Petah Tikva. Project includes five 10-story buildings (80,000 sq m) plus a 35-story tower, totaling 120,000 sq m. Underground parking for 2,500 spaces.
• CPMminorStrategic or Co-development PartnerPartnership with CPM for Atrium 2, Modiin - office and commercial building with 10,000 sq m above ground and 9,300 sq m underground parking. Primary tenant is DSV courier company.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Gav-Yam Lands: Israeli public real estate company specializing in high-tech office parks and business districts. Directly comparable as both develop and own premium Israeli commercial real estate; CEO Yariv Bar-Da'at previously served as VP at Gav-Yam.
• Allied Real Estate: Israeli real estate company holding and managing income-producing properties, including offices and retail. Direct peer in Israeli commercial real estate ownership and leasing model.
• Amot Investments: Israeli public REIT focused on income-producing office and industrial properties. Closest pure comparable in business model — owns and leases income-producing real estate to corporate tenants across Israeli business hubs.
• Property & Building Corporation (PBC): Israeli real estate company focused on income-producing commercial properties and land development. Comparable business model combining office ownership, development pipeline, and Israeli real estate focus.
• Fox Wizel: Israeli real estate company with activities spanning residential development and commercial property. Comparable through its Israeli commercial and residential property operations.

Others

• Egged Holdings: Israeli holding company with significant real estate holdings including commercial and income-producing properties. Adjacent comparable through Israeli real estate ownership, though real estate is not the primary business line.

Regional players

• Big Shopping Centers: Israeli public real estate company focused on retail and commercial property. Comparable as Israeli real estate lessor, though focused more on retail malls rather than office space.
• Airport City: Israeli real estate company developing business parks near Ben Gurion Airport — comparable to Vitania's Terminal Park Or Yehuda project, which is in the airport industrial zone and serves similar corporate and logistics tenants.

Broad incumbents

• Melisron: Major Israeli real estate company with large office and retail portfolios including the Azrieli Center complex. Comparable as a public Israeli owner/operator of premium commercial real estate.
• Azrieli Group: One of Israel's largest real estate companies with a diversified portfolio including malls, offices, and residential. Comparable as a public Israeli real estate developer/owner of premium income-producing assets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vitaniaisrael
• LinkedInlinkedin.com/company/%D7%95%D7%99%D7%AA%D7%A0%D7%99%D7%94-vitania
• Instagraminstagram.com/vitanialtd

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vitania