Israel Land Development Company

What Israel Land Development Company does

Israel Land Development Company (הכשרת הישוב מקבוצת נמרודי) is a publicly traded Israeli real estate company, listed on the Tel Aviv Stock Exchange under ticker ILDC, with origins dating to 1909 when it was founded in England by the Zionist Organization. The Nimrodi family has held controlling ownership since October 1987, and the company was rebranded to its current legal name (Israel Land Development Company of Nimrodi Group Ltd.) effective April 1, 2025. The company operates four integrated business segments: income-producing properties (shopping malls, office buildings) in Israel and overseas; residential and commercial real estate development in Israel, Poland, and Romania; urban renewal through its 74.2%-owned subsidiary Haskalat Hayisudit; and ancillary activities including outdoor advertising (Rapid Vision, wholly-owned) and hotel/resort investments (25.69% stake in Skyline Investments Inc., a Canadian REIT).

Name

Israel Land Development Company

Legal name

הכשרת הישוב מקבוצת נמרודי בע"מ

Website

https://ildc.co.il

Company type

Public

Founded year

1909

Operating status

Operating

Headcount range

51–100 employees

Short description

Israel Land Development Company is a TASE-listed Israeli real estate firm (founded 1909, Nimrodi family-controlled since 1987) operating shopping malls, office properties, residential development, logistics parks via 41%-owned MLP Group in Poland/Central Europe, and urban renewal projects throughout Israel.

Ownership category

akta.pro rank

Product category

Real Estate Development and Investment

NAICS

Land Subdivision (23721), Lessors of Other Real Estate Property (531190), Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Residential Real Estate Asset Management (BPAJAMAA)

Keywords

• Commercial real estate
• Residential development
• Urban renewal
• Income property management
• Logistics parks

Headquarters

HQ city

Bene Beraq

HQ country

Israel

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Rental income from income-producing properties: Recurring rental income from shopping centers, office buildings, and logistics parks in Israel and abroad. Properties include Seven Stars Mall in Herzliya, Nimrodi Tower in Bnei Brak, and retail properties.
2. Residential property sales: One-time revenue from sale of residential units in development projects in Israel and Poland, including projects like WIIN TOWERS in Holon, Lessin 23 in Tel Aviv, and Aura Nova in Warsaw.
3. Urban renewal projects: Revenue from urban renewal (pinui-binui and Tanya 38) projects through subsidiary Haskala Hayisudit.
4. Outdoor advertising (through Rapid Vision subsidiary): Advertising revenue from billboards, walls, ligages, bridges, urban advertising structures, and bus stops through subsidiary Rapid Vision.
5. Hotel investments (through Skyline subsidiary): Dividend income and investment returns from 25.69% stake in Skyline Investments, a Canadian REIT holding hotels and resorts in the US and Canada.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Israel Land Development Company is a diversified real estate development and investment group that develops, owns, and operates income-producing properties (shopping malls, office towers), residential real estate, urban renewal projects, and logistics parks. The company generates rental income from commercial properties in Israel and Poland, sells residential units in development projects in Israel and Central/Eastern Europe, and operates subsidiaries in urban renewal (Hachshevet Yesod), outdoor advertising (Rapid Vision), and logistics (MLP Group).

Product overview

Israel Land Development Company (Hachshevet Hayishuv) is a diversified real estate development and investment company operating primarily in Israel and Poland. The company operates through multiple integrated business units: (1) Income-Producing Properties in Israel including shopping malls (Seven Stars Mall Herzliya) and commercial centers generating rental income; (2) International Income-Producing Properties through its MLP Group subsidiary operating 20 logistics parks across Poland, Germany, Romania, and Austria; (3) Real Estate Development including residential towers in Israel (Nimrodi Tower, Jacob Nimrodi Tower) and residential projects abroad in Warsaw (Aura Nova, Aura Mokatow, Aura Ursynow) and Bucharest (Estic Park); (4) Urban Renewal through its 74.2% owned subsidiary Hachshevet Yesod Urban Renewal leading evacuation-construction and Tama 38 projects throughout Israel; and (5) Other Activities including outdoor advertising (Rapid Vision) and hotel investments (Skyline Investments). The portfolio includes The White Series luxury residential brand featuring projects like WIIN TOWERS (Holon), Lessin 23 (Tel Aviv), and Dehaz 7 (Tel Aviv).

Differentiator

Problem solved

Functional benefit

Brands

• The White Series: Luxury residential project brand featuring multiple residential developments in Israel including WIIN TOWERS, Lessin 23, De-Haz 7, and other properties.

Products and services

• Income-Producing Properties in Israel Commercial and retail properties including shopping malls and commercial centers across Israel, generating rental income. Includes Seven Stars Mall (Herzliya), Seven Stars Mall (Eilat), Beit Klaka (Tel Aviv), and others.
• Nimrodi Tower (Bnei Brak) 52-floor office tower in the BBC business district of Bnei Brak, offering approximately 1,250 square meters of office space per floor with amenities including meeting rooms, co-working spaces, fitness center, and underground parking. Targets commercial office tenants.
• Jacob Nimrodi Tower (Tel Aviv) Residential tower project in Tel Aviv under the company's development initiatives, part of The White Series luxury residential brand.
• WIIN TOWERS (Holon) Luxury dual-tower residential project in Holon's Tower Avenue with 25 floors, offering 3-5 room apartments and penthouses. Part of The White Series luxury residential brand.
• Lessin 23 (Tel Aviv) Boutique 7-floor residential project in North Tel Aviv with 17 units, featuring large windows and modern design, located near Kikar Hamedina. Part of The White Series luxury residential brand.
• Dehaz 7 (Tel Aviv) 7-floor boutique building in North Tel Aviv with 3 separate entrances and modern Tel Avivian architectural design. Part of The White Series luxury residential brand.
• Aura Nova (Warsaw) Residential development project in Ozarow Mazowiecki, Warsaw suburb, with 325 residential units in two phases. Phase 1 (131 units) expected completion 2025, Phase 2 (194 units) expected completion 2028.
• Aura Mokatow (Warsaw) Residential project in Warsaw's Mokotow district with 333 residential units on approximately 19,000 sqm and 100 sqm commercial space. As of March 2025, 251 units sold.
• Aura Ursynow (Warsaw) Residential project in Warsaw's Ursynow district with 485 residential units in two phases. Phase 1 (126 units) completed and sold out. Phase 2 expected completion 2027.
• Estic Park (Bucharest) Residential neighborhood in Bucharest's Pantelimon district with planned 1,500+ residential units and commercial space. Construction began 2015, 250 units built and sold.
• Urban Renewal Projects Urban renewal and redevelopment projects including evacuation-construction (pinui-binui) and government-sponsored building programs (Tama 38) across Israel, led through 74.2%-owned subsidiary Hachshevet Yesod Urban Renewal.
• Rapid Vision Outdoor Advertising Wholly-owned subsidiary operating outdoor advertising platforms including billboards, walls, large format prints, bridges, urban advertising structures, and bus stations with franchises in major Israeli cities.
• MLP Group Logistics Parks Publicly traded company (41% owned by ILDC) developing, leasing, and operating logistics and light industrial centers with 20 parks in Poland, Germany, Romania, and Austria totaling approximately 1 million sqm with potential to grow to 1.697 million sqm.

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• Leumi BankminorStrategic or Co-development Partner · 1 January 2025Partnership for establishment of geriatric medical center in Pro Medical Tower in Bnei Brak, completed January 2025.
• Rapid Vision (subsidiary)minorOthers · 1 January 1989Subsidiary established in 1989 operating nationwide outdoor advertising platforms including billboards, walls, ligages, bridges, and bus stops through franchises in major cities including Jerusalem, Holon, Ashkelon, Ramat Hasharon, Caesarea, Kadima-Zoran, Kfar Saba, and Kiryat Ono.
• MLP Group SAcoreOthersILDC holds approximately 41% of MLP Group SA (directly and indirectly), a publicly listed Polish logistics real estate company operating 20 logistics parks across Poland, Germany, Romania, and Austria with approximately 1,000,000 sqm of built space.
• Haskalat Hayisudit Hit Chadshut Irunit (Urban Renewal subsidiary)coreOthersILDC holds approximately 74.2% of this publicly listed Israeli urban renewal company, which leads pinui-binui and Tanya 38 projects throughout Israel.
• Skyline InvestmentsminorOthersILDC holds 25.69% of Skyline Investments Inc., a Canadian REIT with hotels and resorts in the US and Canada, listed on TASE.
• Menora MeitavminorStrategic or Co-development PartnerStrategic cooperation with Menora Meitav for joint financing of 7 urban renewal projects, capital investment of up to 166 million ILS.

Scale indicators8 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Tidhar Group: Israeli real estate developer active in residential and commercial projects, including urban renewal. Comparable to ILDC's residential development and urban renewal (pinui-binui/TAMA 38) activities.
• Property & Building Corporation (PBC): Israeli diversified real estate company controlled by the Discount Investment group, active in income-producing properties and development. Comparable to ILDC's combined development and income-property model.
• Shikun & Binui Holdings: One of Israel's largest real estate and infrastructure companies, operating in residential development, urban renewal, and real estate asset management. Comparable to ILDC's residential development and urban renewal subsidiary operations.
• Melisron Ltd: Israel's largest shopping center REIT, operating malls and commercial centers. Directly comparable to ILDC's income-producing retail portfolio (Seven Stars Mall, Calva building) and Israeli commercial real estate strategy.
• Gazit Globe Ltd: Israeli-headquartered retail REIT operating shopping centers in Israel and globally. Closely comparable to ILDC's retail-focused income-producing property business and Israeli heritage.
• Azorim Investment, Development & Construction Ltd: Israeli real estate company engaged in residential development, commercial property, and urban renewal. Comparable to ILDC's diversified Israeli real estate and urban renewal operations.
• Africa Israel Investments Ltd: Israeli real estate holding company with residential and commercial development operations. Comparable to ILDC's development-focused approach and Israeli heritage as a publicly traded real estate company.
• Ashtrom Group Ltd: Israeli real estate developer and contractor active in residential, commercial, and hospitality real estate. Comparable to ILDC's residential development pipeline and Israeli property portfolio.
• CTP NV: European logistics and industrial real estate developer operating in Central and Eastern Europe. Comparable to ILDC's MLP Group logistics park exposure in Poland, Germany, Romania, and Austria.

Regional players

• Amidar National Housing Co. Israeli government-owned housing company operating residential rental properties and urban renewal. Comparable to ILDC's residential development and urban renewal activities in Israel, though Amidar is a government entity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries4 records

Funding overview

Funding rounds

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 Israel Land Development Company