PromotorasDan Real Estate

Dan Real Estate

דן נדל"ן

Dan Real Estate, escindida del grupo de autobuses Dan a finales de 2024, posee dos parcelas en Sde Dov. Junto con Electra Residence, a través de su filial Nahor, construye SEVEN SEAS en la parcela Central 2208, 437 viviendas compradas por ₪748,4 millones más ₪59,3 millones de desarrollo en febrero de 2025, con un plan de diseño aprobado el 20 de mayo de 2026 y 73 viviendas vendidas hasta marzo de 2026. En solitario ganó la licitación de propietarios de la parcela privada Eshkol 104 en marzo de 2025, 260 viviendas de las que conserva 117, diseñadas por Miloslavsky Architects y aún sin nombre ni comercialización. En agosto de 2026 firmó un memorando no vinculante para fusionarse con la cotizada Dunitz Elad.

La empresa

Razón social: דן אקוויטי נדל"ן בע"מ
Fundada en: Split out of the Dan public-transport group into a new sister company, Dan Equity Real Estate, in a court-approved restructuring completed on 31 December 2024. The Dan group had run a real-estate subsidiary since the 2010s.
Fundadores: The Dan bus cooperative. Dan Real Estate had no permanent chief executive in May 2026; Yair Efrati of Value Base served as interim chief executive (Calcalist).
Sede: Israel
Cotiza: Empresa privada, no cotiza en bolsa
Propiedad: Private. Value Base and LBH Infrastructure bought 40 per cent of Dan from its members in 2019 at a ₪1.26B valuation and raised it to 50 per cent a year later (Calcalist, 6 May 2026). Before the Dunitz Elad memorandum, Value Base LBH held 48.4 per cent of Dan Real Estate and about 1,200 other shareholders held the rest (Nadlan Center, 27 August 2026).
Tamaño: The real-estate activity was valued at about ₪1.5B when it was separated and estimated at about ₪2B to ₪2.5B in 2026 (Calcalist, 6 May 2026). It owns the Sorek A desalination plant, bought for ₪535M in 2018, Life Tower in Bnei Brak and the Dan garage near Ramat HaHayal, and promotes more than 1,500 homes in north Tel Aviv plus about 700 in urban renewal (company, March 2025).
En otros lugares: Shikun Dan, north Tel Aviv: a plan for 750 homes in 9-storey buildings on 38 dunams, approved by the local committee (Calcalist, May 2026)
Arlozorov 17 luxury tower, Tel Aviv (Calcalist, May 2026)
Life Tower, Bnei Brak, and the Dan garage near Ramat HaHayal, Tel Aviv (Calcalist, May 2026)
Sorek A desalination plant, bought in 2018 for ₪535M (Calcalist, May 2026)
35 urban-renewal projects of 13,000 to 16,000 homes in Tel Aviv, Givatayim, Ramat Gan, Herzliya, Lod and elsewhere (Calcalist, May 2026)
No confundir con: Trades as Dan Real Estate (דן נדל"ן); the legal entity is Dan Equity Real Estate. Not connected to Dan Hotels, which is a separate company. Nahor is its subsidiary on the SEVEN SEAS lot.

Lo que debe saber un comprador extranjero

This developer is in the middle of becoming a public company, and the route changed in 2026 from a standalone offering to a reverse merger. There is essentially no English coverage of it.

Cuánto pagó, y por qué

Cada adquisición registrada en el distrito, con su fuente.

Eshkol lot 104, owners' tender (private land)2025-03-16
lot 104260 viviendasno publicado
A combination deal: about ₪100M in cash, about 20 per cent of the lot's value, plus 55 per cent of the 260 homes to the owners, so Dan keeps 117. Reported at about ₪600M (Calcalist) and about ₪500M (Nadlan Center). Two buildings of 16 and 9 storeys plus 300 sqm retail, designed by Miloslavsky Architects. The sellers are four groups of private rights-holders and a family company.
Central district, tender 277/2024, with Electra Residence2025-02-19
lot 2208437 viviendas₪807M
About ₪807M. Cleared roughly 27.8 per cent below the Land Authority appraisal. Design plan approved 20 May 2026.
- Nadlan Center: results of the Sde Dov Central tenders, about 4,000 homes2025-02-19
- News1: the big winners of the Sde Dov Central tender (prices excluding development)2025-02-19

Timeline

Won Central lot 2208 with Electra Residence, through its subsidiary Nahor, for ₪748.4M plus ₪59.3M development, 19 February 2025
Won the owners' tender for private Eshkol lot 104 (260 homes plus 300 sqm retail): about ₪100M cash and 55 per cent of the homes to the owners, 16 March 2025
SEVEN SEAS quiet sales from December 2025; 73 homes sold by March 2026
Lot 2208 design plan approved (437 homes, 45-storey tower), 20 May 2026
Signed a non-binding memorandum for a reverse triangular merger into Dunitz Elad, 27 August 2026

En el registro público

Hechos publicados que un comprador querrá conocer antes de firmar, cada uno con su fuente.

Going public by reverse merger, not by flotation

In November 2025 the company began preparing a standalone offering targeting ₪1.5B to ₪1.8B. On 27 August 2026 it instead signed a non-binding memorandum for a reverse triangular merger into Dunitz Elad, a listed company with no controlling core whose pre-deal shareholders include Menora at about 16.1 per cent, Phoenix at about 11.9 per cent, Gideon Tadmor at about 5 per cent and its chief executive Ronen Yafo at about 4 per cent. Dan's owners would receive about 33 per cent of Dunitz Elad, Value Base LBH about 16 per cent of it, plus options worth ₪30M and ₪30M to ₪50M of further cash tied to future receipts. Dunitz Elad was worth about ₪2B on the eve of the deal.

Who else bid for the private-land plot

The deal for Eshkol lot 104 closed on 16 March 2025. Dan beat Chen and Itai Gindi, Electra, Azorim, Zemach Hammerman, Yossi Avrahami, and Ram-Mugrabi-Arditi. The rights-holders receive ₪100M in cash plus 55 per cent of the units across two payment tracks. A combination deal of this shape pays the landowner in finished apartments rather than only in cash, which is why the unit split matters more than the headline price.

Calcalist2025-03-16

Donde las fuentes discrepan

Cifras publicadas que no coinciden. Se dan ambas lecturas.

What is the lot 104 deal worth?

About ₪600M
- Calcalist2025-03-16
About half a billion shekels, with the ₪100M cash about 20 per cent of the lot's price
- Nadlan Center: Dan Real Estate wins the owners' tender, 260 homes2025-03-16

Most of the price is paid in finished apartments rather than cash, so any single figure depends on how the owners' 55 per cent is valued. The cash component, about ₪100M, is the one both reports agree on.

Proyectos

Representation, after: Electra Residence and Dan Real EstateParcela 2208

SEVEN SEAS

Electra Residence and Dan Real Estate (Nahor) · Dan Real Estate · Central · 437 viviendas

En venta ahora

En la prensa

20 May 2026Ynet
437 homes and a 45-storey tower: SEVEN SEAS design plan approved for lot 2208
Ynet: the Tel Aviv-Jaffa local committee approved the design plan for SEVEN SEAS by Electra Residence and Dan Real Estate on Central lot 2208: 437 homes in towers of 45 and 20 storeys, with about 3,500 sqm of employment space and 2,200 sqm of commerce.
19 Feb 2025Ynet
~NIS 6B: the Sde Dov billion-shekel tenders were cut almost in half
Central-district winners are named for 4,191 units and about ₪6B: land about 40% cheaper than the 2021 record. Gindi, Hagag, Electra + Dan, Luzon Ronson, Israel Brothers, and A.A.I. Abu + Tomer Koko are on the list.

Fuentes

Todo lo que hay en esta página procede de alguna de ellas.

Preguntar por los proyectos de Dan Real Estate

Respondemos por correo, de forma independiente, con datos del terreno y su fuente.