Gav-Yam Lands Corp. Ltd
GVYM.TA
Tel Aviv Stock Exchange3,754.00
ILA
-76.00
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Gav-Yam Lands Corp. Ltd
GVYM.TA
(Tel Aviv Stock Exchange)
Recent
price
3,754.00
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Gav-Yam Lands Corp. Ltd operates as a real estate development company specializing in the initiation, planning, construction, marketing, leasing, maintenance, and management of hi-tech parks, industrial parks, commercial offices, logistics centers, and residential neighborhoods primarily within Israel. The company’s portfolio includes income-generating properties tailored for long-term leasing, with sophisticated developments designed to meet the needs of hi-tech and industrial tenants. Gav-Yam also provides ancillary services such as building maintenance, security, air conditioning, and landscaping through wholly owned subsidiaries. Founded in 1928 and headquartered in Haifa, Israel, the company has a long-standing presence in the real estate sector and has been publicly traded on the Tel Aviv Stock Exchange since 1978. It operates as a subsidiary of Property and Building Company Ltd. In recent developments, Gav-Yam has actively pursued expansion through substantial real estate projects and acquisitions. Notably, in 2024, the company acquired residential activity projects from its controlling shareholder Property and Building Company Ltd., adding approximately 550 residential units across sites in Tel Aviv, Petach Tikvah, and Kiryat Ono. It is engaged in the development and advancement of major office and commercial projects such as the ToHa complex in Tel Aviv, where it is cooperating with partners to acquire adjacent land for further expansion and building rights enhancement, including the planned ToHa #3 tower. As of late 2024, Gav-Yam is managing a portfolio comprising 1.2 million square meters of income-producing properties with 360,000 square meters under active development and building rights for an additional 450,000 square meters. The company has invested heavily in development projects with an investment of over ILS 4 billion, projecting significant increases in annual rental income and expanding its presence across key Israeli markets including Haifa, Tel Aviv, Herzliya, Rehovot, Jerusalem, and the Negev region. Gav-Yam maintains a strategic focus on consolidating its position as a leading Israeli developer of tailored, efficient, and profitable real estate projects. It continues to innovate in building design and project management to align with tenants’ long-term needs, targeting sectors such as technology, logistics, and industrial services. The company’s recent business expansion reflects a strategic shift to also include residential real estate development alongside its core commercial and industrial assets. Gav-Yam’s operations support its vision of market leadership in income-producing real estate through professional management, quality construction, and responsiveness to market demand and trends. This comprehensive corporate profile reflects Gav-Yam Lands Corp. Ltd’s core activities, recent growth initiatives, and geographic scope, positioning it as a key player in Israel’s real estate development sector focused on hi-tech, industrial, commercial, and residential properties. Its ongoing projects and strategic acquisitions position the company for continued revenue growth and expanded market influence in the coming years.