Raysdor Group Wins Tender for $60 Million Mixed-Use Project in Yavne

Raysdor Group, owned by developer Yaki Reissner, has secured a tender from the Israel Land Authority and "Apartment for Rent" to construct a new mixed-use project in the eastern Yavne neighborhood. The project, with an estimated investment of approximately NIS 220 million (about $60 million), will be built on a 3.6-dunam (approximately 0.9-acre) plot.

The development will feature 104 housing units, of which 76 will be designated for long-term rental for at least 15 years. Twenty-eight units will be offered for sale on the open market. Half of the rental units will be offered at reduced rent for eligible individuals. The complex will also include about 480 square meters of commercial space.

This win in Yavne signifies Raysdor's expanding national footprint beyond its traditional focus on the Haredi (ultra-Orthodox) community. The company is currently involved in rental housing projects in various cities across Israel, including Ramat Gan, Petah Tikva, Rosh Ha'ayin, Bnei Brak, Sderot, Beit Shemesh, and Lod. The company continues its extensive activities in the free market for residential construction and mixed-use projects, including its work in Kiryat Gat.

Yaki Reissner, Chairman and owner of Raysdor Group, stated that the Yavne win is another step in building a significant national presence in the long-term rental sector, which the group views as a key growth engine. He added that the development in Yavne aligns with the group's growth strategy, combining long-term rentals, sales, and commercial spaces. This acquisition positions Raysdor as one of Israel's growing and diverse real estate groups, while maintaining its core business of development tailored to both Haredi and general populations.