DevelopersRami Shabiro Engineering, Building and Investments

Rami Shabiro Engineering, Building and Investments

רמי שבירו הנדסה בנייה והשקעות

Rami Shabiro Engineering, Building and Investments is the main company of the private Shabiro group, owned by Rami and Ronit Shabiro. With Reisdor Initiatives and T. Sorrento it won Eshkol lot 302 in the tender published 2 December 2024, for about ₪87.2M plus about ₪75.7M development. The design plan approved on 4 March 2026 is a 40-storey tower combining a business hotel and 19 office floors, joined to a 6-storey office building, by Yaski Mor Sivan Architects; neither the hotel room count nor an operator has been confirmed. With Chen & Itai Gindi it lost an appeal against the Central district plan in February 2025.

The company

Legal name: Rami Shabiro Engineering, Building and Investments Ltd רמי שבירו הנדסה בניה והשקעות בע"מ
Founded: The Shabiro group was founded in 1944 by Yaakov Shabiro and has operated in its present form since 1995 (Calcalist, March 2026)
Founders: Rami Shabiro, third generation of a family of contractors and developers (company-stated)
Listed: Private company, no exchange listing
Ownership: Private, owned by Rami and Ronit Shabiro. In March 2026 the group made its CFO, Yaniv Yefet, chief executive and said it intends to bring in an institutional partner with 10 to 20 per cent ahead of a TASE listing at a valuation of about ₪8B within about a year (Calcalist). Dor-El Engineering Building and Investments is a sister company (Globes, July 2025).
Scale: More than 30,000 homes built in Gush Dan, the Sharon, the Shfela, Haifa and Kiryat Gat; about 600 employees; equity estimated at ₪3B to ₪4B; about 140,000 sqm of offices built and a further 140,000 sqm under construction (Calcalist, March 2026). The group runs its own construction arm.
Elsewhere: Einstein 2-4-6-8, Tel Aviv, with Chen & Itay Gindi, next to Sde Dov (company pages, August 2026)
Dira LeHaskir rental project south of Sammy Ofer Stadium, Haifa: about 400 homes in 14 buildings of 14 storeys and one of 24, with financing of up to ₪750M from Migdal (January 2026)
Student housing under construction in Rishon LeZion, Tel Aviv and Ramat Gan (March 2026)
Shopping centres including Kfar Saba HaYeruka, Neve Zemer in Ra'anana, Marina Herzliya, Neot Shamir in Yavne and Ramla, and Beit Gibor Sport in Ramat Gan
Gali Tchelet boutique hotel, Herzliya
Rental housing in Cyprus, the group's first activity abroad (March 2026)
Not to be confused with: Its 92-unit joint project with Chen & Itai Gindi (4.7 dunams, won 2021 for ₪469M including VAT) is on Gush HaGadol land that Globes describes as 'very close to' Sde Dov, not on a lot in the three Sde Dov complexes. Not Shapir (Shapir Engineering and Shapir Housing), which holds North lot 3207; the names are close in English.

What a buyer from abroad should know

Shabiro's Sde Dov page (August 2026) is a Hebrew stub in its 'future projects' category, with an uncaptioned image gallery and a contact form. The approved design, the hotel floors and the partners are described only in Hebrew municipal and press sources. No hotel operator has been named.

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 302₪163M
Ynet: ₪87.16M land plus ₪75.7M development. Three bids. See contradictions for the rounded totals. The municipal protocol lists the developers as T. Sorrento Ltd, Reisdor Yazamut Ltd and Rami Shabiro Engineering Building and Investments Ltd, with a lease from the State of Israel to all three.

Timeline

Won Eshkol lot 302 with Reisdor Initiatives and T. Sorrento in the ILA commerce and employment tender published 2 December 2024, against two other bids: about ₪87.2M land plus about ₪75.7M development
Design plan for lot 302 approved by the Tel Aviv planning subcommittee on 4 March 2026 (session 26-0004, decision 15): a 40-storey, 165 m tower with retail on the ground floor, an 8-floor business hotel on floors 3 to 10, 19 office floors on 11 to 29 and 3 more hotel floors on 30 to 32 under a rooftop pool, joined at floor 2 by a multipurpose hall to a 6-storey office building, around a garden open to the public; 33,060 sqm main area plus 15,740 sqm service on a 5,361 sqm lot; architect Yaski Mor Sivan Architects, landscape Maza
No hotel operator named as of September 2026
Appealed the Central district plan together with Chen & Itai Gindi; appeal rejected, February 2025

On the record

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

Class action over Mechir LaMishtaken homes declined

Two buyers in Mechir LaMishtaken projects in Rosh HaAyin asked to certify a class action against Rami Shabiro and its sister company Dor-El, alleging homes delivered below the tender specification and excess charges. The district court declined in 2025, ruling that such claims must be pursued individually under the Sale (Apartments) Law.

Globes: court declines class action against Rami Shabiro and Dor-El over Mechir LaMishtaken defects2025-07-25

Israel Land Authority action over a sales office, 2015

In May 2015 the Israel Land Authority acted against Rami Shabiro after the company built the sales office for a Ramat HaSharon project on land that had not been allocated to it.

gov.il (Israel Land Authority): ILA against the contractor Rami Shabiro over a sales office on unallocated land2015-05-21

Bat Yam hotel plan cancelled

In January 2024 the Tel Aviv district planning committee cancelled a plan by the Shabiro group and Chen & Itai Gindi for a 20-storey hotel with 220 rooms and 60 homes on an 11-dunam lot about 300 m from the Bat Yam shoreline, ruling that it harmed the coastline.

Calcalist: Shabiro names a new CEO and prepares an IPO at an ₪8B valuation2026-03-29

Where sources disagree

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

Total paid for lot 302

₪161M
- Walla: Reisdor and Shabiro won a Sde Dov mixed-use tender for ₪161M2024-12-04
about ₪163M including development
- Nadlan Center: about ₪560M for four Sde Dov commerce and employment lots2024-12-03
about ₪164M including development
- Sde Dov district news site: first Sde Dov commerce and office tender winners2024-12

The land bid (₪87.16M, WizBid and Ynet) is consistent; the totals differ by rounding and development figures.

How many hotel rooms will lot 302 have?

About 160 guest rooms in a luxury hotel of about 11,000 sqm (the winning companies, December 2024)
- Ynet: the state will collect hundreds of millions for Sde Dov commerce land2024-12-04
About 185 rooms (district news site, on the approved design)
- Sde Dov district news site (aggregator): design plans approved for two Eshkol hotels (lots 301 and 302)2026-03-05

The approved design plan of 4 March 2026 sets the hotel floors (3 to 10 and 30 to 32) but no room count was found in it.

How tall is the lot 302 tower?

39 storeys (tender-stage descriptions)
- Globes: the hotels and commercial towers to be built in Sde Dov2026-01-26
40 storeys, 165 m (approved design plan)
- Tel Aviv planning subcommittee protocol 26-0004 of 4 March 2026 (lot 301 decision 13; lot 302 decision 15)2026-03-04

The approved plan governs: 40 storeys.

Sources

Everything on this page traces to one of these.

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