RAY TLV GROUP LTD
TTASE:RAYG-M79.00
ILA
+18.90
(+31.45%)
RAY TLV GROUP LTD
TASE:RAYG-M
(Tel Aviv Stock Exchange)
Recent
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79.00
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yld
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ROIC.AI
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- Business
- RAY TLV GROUP LTD is an Israel-based real estate development and land enhancement company specializing in the acquisition, rezoning, and initiation of high-value, complex urban properties across the Tel Aviv-Yafo metropolitan area. The company operates across several core business segments and services, including: land acquisition and parcel assembly, identifying, negotiating, and consolidating fragmented or distressed commercial and industrial land plots; statutory planning and rights enhancement, navigating municipal master plans to secure density expansions, usage conversions, and approvals through to the building permit readiness stage; mixed-use urban development, planning comprehensive projects that integrate multi-family residential housing, corporate office space, commercial retail, and hospitality units; urban renewal and historic conservation, revitalizing aging city zones while restoring heritage landmarks alongside contemporary high-density construction; and asset monetization and co-development structuring, establishing joint ventures with institutional developers and monetizing proprietary property rights at optimized development milestones. RAY TLV Group Ltd serves property owners, institutional co-investors, residential homebuyers, and commercial tenants throughout central Israel. Founded in 1987 and headquartered in Bnei Brak, Israel, the company was co-founded by Avi Romano and Ziv Poplawski. In recent corporate developments, the company executed a reverse merger with publicly traded Intelicanna Ltd in late 2023, subsequently divesting historical cannabis operations and rebranding as RAY TLV Group Ltd on the Tel Aviv Stock Exchange. In May 2024, the company entered into a strategic partnership agreement with Carasso Real Estate to co-develop the British Market mixed-use urban renewal complex in south Tel Aviv, divesting a 50 percent stake in the asset for approximately ILS 18.3 million. The company has also completed an ILS 8.5 million private equity placement to strengthen its capital structure and accelerate development across a real estate portfolio spanning more than 240,000 square meters in prime Tel Aviv submarkets including Ramat HaChayal, Yad Eliyahu, and Neve Sha'anan.