- Business
- Land Development of Nimrodi Group Ltd (ILDC.TA) engages primarily in real estate development, leasing and management across commercial, office, industrial, logistics and residential sectors in Israel, Poland, Germany, Romania and Austria; its core products and services include income-producing shopping malls such as Seven Stars Herzliya and Eilat, office complexes including Nimrodi Tower and ILDC Medical Center in Bnei Brak, logistic parks through MLP Group totaling over 1.1 million sqm leased with 94% occupancy, urban renewal residential projects via subsidiary ILD Urban Renewal encompassing hundreds of apartments in developments like Ramla Ben Gurion, Career Army Kiryat Yam and Henkin Holon, residential construction sales in Israel and Poland such as Fichman Holon and Aura projects, and additional land reserves exceeding one million sqm yielding properties combined. The company, founded in 1909 and headquartered at Champion Tower, 30 Sheshet Hayamim Street in Bnei Brak, Israel, operates through segments of property rental in Israel and Europe, residential construction development in Israel, and residential construction overseas, targeting commercial tenants, institutional investors and homebuyers with a portfolio valued at over NIS 8 billion in investment properties. Recent major changes include a name change from Israel Land Development Company Ltd effective April 2025 to emphasize Nimrodi Group affiliation; strategic collaboration with Menora Group in March 2025 for NIS 200 million capital investment across seven urban renewal projects for 1,440 apartments; private placements raising NIS 108 million in April 2024 and bond issuances including NIS 450 million Series 26 and EUR 300 million at MLP in October 2024; sale of Seven Stars Rishon Lezion site in February 2025 for NIS 56 million consideration; NIS 425 million financing agreement in September 2024 for Nimrodi Tower construction; approvals for building permits in multiple urban renewal projects during 2024; and dividend distribution of NIS 60 million in April 2025.