Hadas Capital

הדס קפיטל

Hadas Capital is a Jerusalem developer founded in 2010 by Hillel Zorbin and Asher Sabag. With Shafran Yazamut it holds Eshkol lot 301 at Ibn Gvirol and Zohara Levitov Avenue, won in the tender published 2 December 2024 for about ₪48.7M plus about ₪63M development. The design plan approved on 4 March 2026 provides a 9-storey hotel of 150 to 190 rooms and an 8-storey office building over two floors of retail, designed by ODA with Prion Brodner Architects; no hotel operator has been named. The lot is one of nine the Environment Ministry named in July 2026 for PFAS indications.

The company

Legal name: Hadas Capital Israel Lands Ltd הדס קפיטל מקרקעי ישראל בע"מ
Founded: 2010 (company-stated)
Founders: Hillel Zorbin and Asher Sabag (company-stated); Zorbin is chairman and chief executive, Sabag co-chairman
Head office: Jerusalem (business directory lists Beit HaDfus 7)
Listed: Private company, no exchange listing
Ownership: Private. Lot 301 is held with Shafran Yazamut: the planning subcommittee protocol of 4 March 2026 names the developer as Hadas Capital Shafran S.D. Ltd, the district news site names Hadas Capital and Shafran as owners, and the project manager EBN lists 'Hadas Capital & Shafran Yazamut'. The land is leased from the State of Israel.
Scale: Company-stated (September 2026): hundreds of homes developed and marketed, with about 30 projects listed, mostly in Jerusalem, plus Elad, Beit Shemesh, Yavne'el and Tel Aviv, and an urban renewal arm.
Elsewhere: Hadas Maalot, Jerusalem (company site)
Hadas Resort, Yavne'el (company site)
Hadas Elad and Hadas Family, Elad, including homes in the government's target-price scheme (company site)
Jerusalem Spirit and Jerusalem of Gold, Jerusalem (company site)
Emek Zion, Beit HaKerem, Jerusalem (company site)
Hadas Harmony, Jerusalem: 43 homes in a first phase and 54 in a second (company site)
Not to be confused with: Several registered companies use the Hadas Capital name, among them Hadas Capital (Z.S.B.) Ltd in Jerusalem; the Sde Dov tender winner is Hadas Capital Israel Lands Ltd, company number 516725173, and the lot 301 developer of record is Hadas Capital Shafran S.D. Ltd.

What a buyer from abroad should know

The company's Sde Dov page is Hebrew only and gives the status ('in licensing'), the uses and the architects, with no hotel operator, office leasing or sale terms (August 2026). No hotel operator or brand has been named in any source retrieved.

What it paid, and for what

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

ILA Eshkol commerce and employment tender (four lots)2024-12-02
lot 301₪112M
Ynet: about ₪48.7M land plus about ₪63M development. Nadlan Center and the district news site: about ₪112M including development. Two bids. The municipal protocol of 4 March 2026 names the developer as Hadas Capital Shafran S.D. Ltd.

Timeline

Won Eshkol lot 301 (6.6 dunams) in the ILA commerce and employment tender published 2 December 2024, against one other bid: about ₪48.7M for the land plus about ₪63M development, about ₪112M in all
Design plan for lot 301 approved by the Tel Aviv planning subcommittee on 4 March 2026 (session 26-0004, decision 13): a 9-storey hotel of 150 to 190 rooms with a lobby, gym, dining room and rooftop pool, and an 8-storey office building, around a shared courtyard open to the public, over two floors of retail; 16,050 sqm main area (hotel 6,600, offices 6,300, retail 3,150) plus 8,450 sqm service area, which matches the tender's 11,000 sqm hotel, 9,000 sqm offices and 4,500 sqm retail; architects ODA with Prion Brodner Architects, landscape Chesler Solomon
Company page gives the status as 'in licensing' (August 2026); no hotel operator named

On the record

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

Lot 301 is on the Environment Ministry's PFAS list

In July 2026 the Environment Ministry named, for the first time, the nine Sde Dov plots where investigations found indications of PFAS in soil or groundwater: 103, 105, 106, 107, 301, 303, 2102, 2206 and 2207. Hadas Capital's lot 301 is among them. The ministry said the results will be published once the investigation reports are approved, so what remediation is required, if any, is not yet known. Anyone signing for space here should ask what the contract says about it.

Globes: the nine Sde Dov plots with PFAS indications are named2026-07-23

The hotel cannot be sold in parts

The approved design plan requires the hotel to be built as a single unit, run as an ordinary hotel with its own entrance and systems, and bars selling hotel space separately; a warning note is to be registered in the land registry to prevent splitting. Room numbers (150 to 190) are to be fixed at the permit stage with the Tourism Ministry.

Tel Aviv planning subcommittee protocol 26-0004 of 4 March 2026 (lot 301 decision 13; lot 302 decision 15)2026-03-04

Residents' lawsuit over a Jerusalem luxury building

In January 2026 the residents' committee of a Jerusalem luxury building sued the original developers, controlled by Shlomo Eliyahu, and the Hadas Capital group, which had bought the remaining rights and the adjacent lot. The committee alleges, among other things, that Hadas carried out building deviations in the unsold upper apartments. These are allegations in a claim, not findings.

TheMarker: residents of a Jerusalem luxury building sue its owners, including the Hadas Capital group2026-01-19

Where sources disagree

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

How many rooms will the lot 301 hotel have?

150 to 190 rooms, to be fixed at the permit stage with the Tourism Ministry
- Tel Aviv planning subcommittee protocol 26-0004 of 4 March 2026 (lot 301 decision 13; lot 302 decision 15)2026-03-04
About 185 rooms
- Sde Dov district news site (aggregator): design plans approved for two Eshkol hotels (lots 301 and 302)2026-03-05

The approved plan gives a range; the district news site's 185 sits inside it. This site records 150 to 190 until a permit fixes the number.

Sources

Everything on this page traces to one of these.

Ask about Hadas Capital's projects

We answer by email, independently, with sourced facts from the field.