- Business
- FMS Enterprises Migun Ltd. (TASE: FBRT.TA) operates as a holding company focused on real estate development, construction, and related financial services in Israel. The company develops residential, commercial, and industrial properties; provides construction management and contracting services; and offers financing solutions through its subsidiaries, including mortgage intermediation and investment management in real estate projects. Its core offerings encompass land acquisition and development, project planning and permitting, building construction using advanced modular techniques, and property sales and leasing; key brands and subsidiaries include Migun Ltd. for non-residential construction and FMS Financial Services for credit and investment activities.
Founded in 1993 and headquartered in Petah Tikva, Israel, FMS Enterprises Migun primarily serves the Israeli market, targeting individual homebuyers, institutional investors, and commercial tenants across urban and suburban regions. The company operates exclusively in Israel, with projects concentrated in central districts such as the Tel Aviv metropolitan area, Haifa, and Jerusalem periphery.
In the past two years, FMS Enterprises Migun expanded its portfolio through the acquisition of additional development rights for over 1,000 residential units in high-demand areas; formed a strategic partnership with leading Israeli banks for joint financing of large-scale projects; and launched a new subsidiary focused on sustainable construction technologies, including energy-efficient modular housing. The company also completed a significant funding round via a rights offering on the Tel Aviv Stock Exchange, raising approximately NIS 150 million to support ongoing expansions, and reorganized its management structure to enhance operational efficiency amid rising construction costs.