About us

Lahav L.R, controlled by Avi Levy, is engaged in three areas of business: income-producing real estate, renewable energy in Israel, and the Delek Israel business.

The company’s main income-producing real estate business is in Germany, where it has been operating since 2012. The company holds a portfolio of some 80 neighborhood commercial centers and a hotel. The company also holds interests in the City Tower in Ramat Gan, Israel, an income-producing property.

In 2012, the company began operating in green energy, and now specializes in the development, construction, acquisition, and holding of photovoltaic power generation systems in Israel. Such operations were later merged into the public company Solegreen, and Lahav’s holdings were sold in 2019.

In May 2020, the company returned to the green energy sector and acquired a portfolio of some 89 rooftop solar installations with a total capacity of ~4.8 MW.

In April 2021, the company reported an investment of ~ILS 25 million by Noked Capital, which was invested by the company in the subsidiary, Lahav Green Energy. The investment was made according to a valuation of ~ILS 125 million (post-money), subject to the conditions and adjustments stipulated, with Noked Capital holding approx. 20% of the shares in Lahav Green Energy just before the IPO. The transaction includes a mechanism whereby Noked Capital will receive a ~ILS 25 million non-marketable option which, just before the Lahav Green Energy IPO, will be converted into 20% of the shares of the company according to a post-money valuation of ~ILS 125 million.

The company is working to develop the operations it has acquired and to promote additional large-scale projects in the renewable energy industry, through the acquisition of income-producing projects and land development.

In October 2020, Lahav L.R. (35%) and a company owned by Uri Mantzur (35%) acquired 70% of the share capital of Delek Israel for approx. ILS 525 million. In Q1/2021, Lahav L.R. increased its holdings in Delek Israel to ~40%.

On March 31, 2021, Delek’s operations were split into two companies through a transfer of its real estate property holdings (mainly gas stations) to its sister company, Delek Properties (D.P.) Ltd., with Delek Israel leasing the gas stations from Delek Properties under long-term contracts.

Areas of operation

Income-producing real estate

Commercial centers – Germany

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Renewable energy

Renewable energy

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Delek Israel

Delek Israel

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Our Numbers

Our numbers as of December 31, 2023 (ILS in millions)

558.6

Revenues

102

Profit

40

Dividend

1,100

Equity

* The NOI forecast for 2021 is only an estimate based on the actual results of Q1/2021, quadrupled to represent Y2021. The forecast does not include possible growth from future transactions. With respect to the energy industry operations, an adjustment was made for seasonality, and with respect to the fuel sector, Delek’s contribution was estimated as ILS 75 million, based on the EBITDA estimate for 2021, according to a holding rate of 40%. * The NOI excludes property maintenance-related expenses, both directly and manpower expenses, in the sum of ~ILS 7.2 million. * The NOI figure is according to the average Euro exchange rate for 2020 (ILS 3.9233 / Euro).

The aforesaid constitutes forward-looking information as defined in the Securities Law, 5728-1968. It is clarified that, as of the date hereof, there is no certainty regarding the veracity or integrity of the above figures, which are based, inter alia, on the company’s subjective estimation, and whose veracity and integrity are dependent, inter alia, on factors which are beyond the company's control.

Sample Properties

Investor Relations

LAHAV

Symbol

314.00

Last Price (Ago)

41,424.00

Volume

-0.73%

-2.30

Change %/Ago

last update: 2024-07-22 17:24

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