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DevelopersB.S.R. Group (Nachshon Kiviti)

B.S.R. Group (Nachshon Kiviti)

קבוצת ב.ס.ר (נחשון קויתי)

B.S.R. Group, chaired and controlled by Nachshon Kiviti with the JTLV fund, is a developer known for organising purchase groups since 1986. On 26 March 2025 a group led through Nachshon Kiviti Ltd won seafront North lot 3105 for ₪181.2M plus ₪11.4M development; the land belongs to 62 private partners and B.S.R. manages planning, licensing and construction for them. The design plan, two 9-storey buildings with 62 homes by Mann-Shinar Architects, was approved on 15 July 2026, and Kiviti said no apartments will be marketed.

The company

Legal name
Nachshon Kiviti Ltd נחשון קויתי בע"מ
Founded
1963 (company-stated); Hebrew Wikipedia gives 1967
Founders
Not published. Nachshon Kiviti joined as an engineer in 1981 and has led the group since the 1980s; he organised its first purchase group in 1986 (company-stated)
Listed
Private company, no exchange listing
Ownership
Controlled by Nachshon Kiviti with the JTLV fund, which invested about ₪178M in July 2024 at a ₪475M valuation; Poalim Equity bought 10 per cent for ₪100M in September 2025, with an option on 5 per cent more. The group company, B.S.R. Engineering and Development Ltd, issued about ₪180M of bonds on TASE in September 2025 and is a reporting company, but its shares are not listed; in February 2026 it was preparing a share IPO at ₪1.2B to ₪1.3B before the money, and no listing had been reported by September 2026.
Scale
22 active projects with about 12,500 homes in planning and construction, about 7,000 of them urban renewal, and 376,000 sqm of employment, retail and industry; balance sheet ₪1.1B and equity ₪534M at 30 September 2025 (Bizportal, February 2026). Company-stated: more than 100 projects, over 4,000 homes and more than 1M sqm of offices and retail built.
Elsewhere
  • B.S.R CITY, Petah Tikva: four 30-storey office towers, about 160,000 sqm (company-stated)
  • Alon Towers, Tel Aviv: two 40-storey office towers (company-stated)
  • B.S.R Sarona, Tel Aviv: three 39-storey residential towers with offices and retail (company-stated)
  • B.S.R Mahane Yehuda, Jerusalem: two 31-storey towers with 308 homes (company-stated)
  • VERTICAL, Bursa triangle, Ramat Gan: about 750 rental and student homes with offices (company-stated; Bizportal, February 2026)
  • GATE, Jerusalem entrance business district: offices, hotel and about 380 rental homes (company-stated)
Not to be confused with
The tender winner is registered as Nachshon Kiviti Ltd; ICE identifies Kiviti as the head of B.S.R. The 62 purchase-group members are private individuals and are excluded. AI search answers spell the name 'Nachshon Kivity'; press spells it קויתי or קיוויתי. Not BSR Europe, the former TASE-listed subsidiary that entered a debt settlement in 2013.

What a buyer from abroad should know

There is nothing to buy on lot 3105: the 62 homes belong to the 62 landowners, and Kiviti said on 15 July 2026 that everything is sold and nothing will be marketed. The group's site has no Sde Dov page.

What it paid, and for what

Every recorded acquisition in the district, with the source for each.

Timeline

On the record

Published facts a buyer would want before signing. Each carries its source.

BSR Europe debt settlement, 2013

In 2013 the subsidiary BSR Europe entered a debt settlement and liquidation over debts of about ₪170M, after raising about ₪300M from the public; B.S.R. Engineering was delisted in 2014. The group returned to the bond market in September 2025.

Where sources disagree

Published figures that do not match. Both readings are given rather than one being chosen.

Sources

Everything on this page traces to one of these.

Ask about B.S.R. Group (Nachshon Kiviti)'s projects

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