Three weeks after completing its Tel Aviv Stock Exchange IPO, Tidhar has signed its first major deal as a public company. The Israeli developer agreed with gaming company Moon Active to lease space in the BEYOND tower in Givatayim.
Under the agreement, Moon Active will take 10 floors totaling about 22,000 square meters, with an option to expand into additional floors later. The rent is set at 130 shekels per square meter, and including parking and storage the annual cost is expected to reach about 33 million shekels for a 10-year term. The move to the tower is planned for the end of 2027.
Moon Active currently leases about 26,000 square meters in the Vitania tower near the La Guardia interchange in Tel Aviv. In March 2025, Calcalist reported that Tidhar had been negotiating with the gaming company for 14 floors at a higher rate of 140 shekels per square meter.
BEYOND, which stands more than 300 meters tall, is considered Israel’s tallest skyscraper and is located in Givatayim’s city center district. According to Tidhar’s prospectus, it is the company’s most significant income-producing asset under construction, valued at 1.075 billion shekels, with Tidhar holding a 39% stake. Tidhar went public earlier this month in a 1.7 billion shekel fundraising at an after-money valuation of 8 billion shekels, the largest Tel Aviv listing since Azrieli Group’s 2010 IPO. Tidhar operates in income-producing real estate, residential development, construction, and urban renewal. It is currently valued at 7.1 billion shekels on the market, and its controlling shareholders are Gil Geva, Arye Bakhar, and Mark Weissman, each holding about 19.7%.
