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DevelopersMivne Group

Mivne Group

מבנה

Mivne, a Tel Aviv-listed income-property company, holds two Sde Dov interests. It is a one-third partner in ZOHI, 230 homes on Eshkol lot 110 that opened pre-sales in January 2026 and had 63 signed contracts by 30 June 2026. On its own it won Eshkol lot 303 on Ibn Gvirol in December 2024 for about ₪132M including development, for about 19,400 sqm of offices and 7,300 sqm of retail, which it plans as two low-rise office buildings over an open retail street; the lot has no public name.

The company

Legal name
Mivne Real Estate (K.D.) Ltd מבנה נדל"ן (כ.ד) בע"מ
Founded
Incorporated 1961 as the Industrial Buildings Corporation; renamed Mivne in 2020 after merging with Jerusalem Economy and Darban Investments.
Founders
Founded by the State of Israel in 1961 as the Industrial Buildings Corporation. Controlled today by David and Michal Forer, whose son Tal Forer chairs the board. Chief executive Uzi Levy since 2023, formerly head of Menora Mivtachim Real Estate and chief executive of the government rental company Dira LeHaskir.
Head office
7 Totzeret HaAretz Street, Tel Aviv
Listed
TASE: MVNE
Ownership
Public. David Forer is listed with about 23.8 per cent as at July 2026, with the Phoenix and Menora provident funds at about 11 per cent each (Bizportal interested-party data). Hebrew Wikipedia gives the Forers about 18 per cent as of 2021.
Scale
Revenue ₪1.47B, operating profit ₪1.22B, net profit ₪693M and equity ₪8.85B for 2025, with a market value of ₪10.2B on 29 April 2026 (Hebrew Wikipedia, citing the 2025 accounts). More than 2 million sqm of income-producing space (company-stated). Diversifying into data centres through a joint venture with Digital Realty.
Elsewhere
  • Ackerstein Towers complex, Herzliya (Hebrew Wikipedia)
  • Data centres, in a joint venture with Digital Realty
  • Offices, retail centres, logistics, student housing and long-term rental across Israel (company-stated)
Not to be confused with
Mivne (מבנה) is Mivne Real Estate (K.D.), formerly Industrial Buildings Corporation (מבני תעשיה), renamed after merging with Jerusalem Economy and Darban. ZOHI's marketing calls it Mivne Group.

What a buyer from abroad should know

Mivne's office lot 303 is on the July 2026 PFAS list, and its plans for the lot, two low-rise office buildings over about 7,500 sqm of open retail, have been described only in Hebrew.

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.

Lot 303 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. Mivne's lot 303 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.

Projects

ZOHI Tel Aviv renderingRepresentation, after: Levinstein / Metropolis / MivneLot 110
ZOHI Tel Aviv
Levinshtein Group · Metropolis (Allied Real Estate) · Mivne Group · Eshkol · 230 homes
Selling now
from ₪2.48M

In the news

  • Globes
    Buyers in Sde Dov projects are writing cancellation clauses into their contracts

    Globes: apartment buyers in district projects are adding cancellation clauses to purchase contracts because of the PFAS findings. The Environment Ministry told Globes that all nine plots with PFAS indications are earmarked for housing and that sampling results will be published once the investigation reports are approved. Globes names Dimri, Shikun & Binui, Gindi Holdings, Mivne and Prashkovsky among the companies involved; some developers say the ministry has already confirmed that their land is clean.

  • Bizportal
    Listed Sde Dov prices hold at ₪75,000 to ₪85,000 per sqm, but financing offers hide a discount

    Bizportal: developers' first-quarter 2026 filings show a slowing sales pace and financing offers worth a hidden 6 to 8% off the listed price. Israel Canada reported an average of about ₪85,700 per sqm including VAT. ZOHI reported a headline average of ₪64,700 per sqm, which falls to about ₪60,900 once the financing discount is taken out.

  • District records
    Three developers launch Zohi Tel Aviv (Levinshtein, Metropolis/Allied, Mivne)

    The 230-unit low-rise project on Eshkol lot 110 goes to market, the district's deliberately shorter skyline.

Sources

Everything on this page traces to one of these.

Ask about Mivne Group's projects

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