Raysdor Group Expands Real Estate Holdings in Elad Business District
The Raysdor Group, owned by entrepreneur Yaki Raisner, has secured another tender from the Israel Land Authority (ILA) for a significant plot in the new Elad employment complex. This latest acquisition, for approximately 7.5 dunams (about 1.85 acres) for 36 million shekels, adds to Raysdor's growing presence in the area known as the 'Employment Triangle'. The plot allows for the construction of up to 60,000 square meters of above-ground commercial and employment space, plus an additional 18,000 square meters underground, with buildings reaching 20 stories.
This win is particularly strategic for Raysdor, as it complements two previous acquisitions in the same zone. The company now controls about 20 dunams in Elad's business hub, where it plans to develop a massive complex of approximately 150,000 square meters. This expansion solidifies Raysdor's position in a key development area of Elad, a predominantly Haredi city, and establishes a significant footprint in income-generating real estate there.
The new business areas are part of Elad's broader expansion plan, which encompasses 2,700 dunams, including 4,200 new housing units, public facilities, open spaces, and infrastructure. The employment zone alone is projected to cover 1.2 million square meters. The development aims to meet the growing demand for commercial and employment opportunities driven by population growth and local purchasing power, further enhanced by proximity to major transportation routes like Highway 6.
This Elad success aligns with Raysdor's recent national expansion across multiple real estate sectors, including residential, commercial, employment, and long-term rental housing. The company recently won a tender in Yavne for a 220 million shekel project featuring 104 housing units and commercial space, adding to its rental housing projects in cities like Ramat Gan, Petah Tikva, and Beit Shemesh. Raysdor continues to focus on large-scale residential and commercial projects targeting the Haredi community, with its repeated success in Elad demonstrating a strategy of identifying and deepening involvement in growth areas over time.
