Raysdor Group Wins Tender for NIS 220 Million Mixed-Use Project in Yavne

Raysdor Group, owned by developer Yaki Raisner, has secured a tender from the Israel Land Authority and "Apartment for Rent" to construct a new mixed-use project in Yavne, with an estimated investment of NIS 220 million. The development, located in the Yavne East neighborhood on a 3.6-dunam plot, will feature 104 housing units and commercial spaces.

Of the 104 residential units, 76 will be designated for long-term rental agreements of at least 15 years. Half of these rental units will be offered at reduced rates to eligible individuals. The remaining 28 units will be sold on the open market. The project also includes approximately 480 square meters of commercial retail 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 Gan Azar in Ramat Gan, Sirkin in Petah Tikva, Rosh Ha'ayin, Bnei Brak, Sderot, Beit Shemesh, and Lod. Raysdor continues to pursue projects in the open market and mixed-use developments, including its activity in the "Ma'arava" quarter in Kiryat Gat.

Yaki Raisner, Chairman and owner of Raysdor Group, stated that the Yavne project is a key step in building a significant national presence in the long-term rental housing sector, which the group views as a major growth engine. He added that the project aligns with the group's growth strategy, combining long-term rentals, sales, and commercial components. This latest acquisition positions Raysdor as a growing and diversified real estate group in Israel, while maintaining its core activity of developing properties tailored to the needs of both the Haredi and general populations.