The Power of Synergy
A leader in Israel’s real estate market.
The PBC Group is one of Israel’s oldest, largest and leading construction companies. Most company activities involve income generating assets and residential assets in Israel and abroad, with additional activity in the agriculture-related fields by way of Mehadrin.
Long-Term Financial Strength
(According to the Financial Statements of 2016)
PBC shows long-term financial strength and stability which is best expressed as follows:
- Equity of 3.5 billion NIS, 1.9 of which is attributed to its shareholders.
- Investment real-estate of approx 11.1 billion NIS, 10.4 billion of which are income generating assets.
- Annual income from collection of rent - approx 862 million NIS
- Cash Balance: 2.1 billion NIS. Its liquid balances, current cash flow, and ability to raise cash allow the Group to expand its own operations on the basis of a long-term strategy in its core field of operations - income generating assets in Israel and aroad.
PBC holds several subsidiaries, the largest of which are: Gav-Yam, Mehadrin, Nave-Gad, Ispro and Hon. Gav-Yam (approx. 69% holdings), which is traded on the Tel Aviv Stock Exchange, is one of Israel’s largest and most stable real-estate Groups. Its primary activities involve hi-tech parks and offices. Among other things, Gav-Yam is also engaged in the management and maintenance of existing structures and in the initiation of new projects on lands that are owned by it. Nave-Gad (100% holdings) is engaged in the planning, development and construction of quality residential neighborhoods. All neighborhoods are constructed as unique all-inclusive “residential parks” that include various components of full environmental development and associated community services (public parks, trails, pavements and parking lots). Ispro (100% holdings) is engaged in the management, maintenance and development of commercial centers and malls, primarily power centers in areas of high demand. Ispro initiates various commercial projects on lands that are owned by it. The company has debenture bonds traded on the Tel Aviv Stock Exchange. Mehadrin (approx. 45% holdings) which is traded on the Tel Aviv Stock Exchange, is Israel’s largest exporter of citrus fruit. In addition, the company is also engaged in a wide range of agriculture-related activities including processing of fruit and vegetables, provision of packaging and refrigeration services, .storage and marketing. Hon (100% holdings) is engaged in the management of assets and real-estate consultancy
The Group’s foreign operations involve income generating assets and residential properties in the following countries: U.S.A, India and England. The Group holds income generating assets, the primary of which are the HSBC Tower in New York’s 5th Avenue. The Group initiates, together with partners, the establishment and marketing of residential neighborhoods, mainly in the Indian cities of Chennai and Mysore, including approx. 2,200 residential units. In addition, the Group has been included as a partner in three England-based Hilton hotels in the cities of London, Birmingham and Cardiff, together totaling 2,050 hotel rooms and conference halls. All foreign operations are executed in cooperation with local partners in such a manner that allows efficient utilization of PBC’s extensive experience and abilities, combined with the familiarity with relevant markets and advantages of the local partners.
Generation of Value
The Group’s financial abilities and extensive experience support its strategy for expansion and enable it to focus on the development and purchasing of high-quality income generating assets in both Israel and abroad, with emphasis on maintaining a solid and stable business profile. The Group’s value generation activities primarily focus on the generation of internal value by development and construction on land that is owned by it the Group and by maintaining income generating assets, primarily by acquisition of such assets at the correct time and location and their betterment under management of the Group. One such example is the HSBC building in New York.
The company considers social involvement and provision of assistance to the Israeli public as a cause of the highest regard and believes in responsibility of the country’s business sector towards its public, all out of belief that business leadership goes hand in hand with social responsibility and values. The company has chosen to concentrate most efforts in the support of education, pedagogic and culture related projects.