Dunietz Brothers Ltd.

Dunietz Brothers Ltd. (Hebrew: אחים דוניץ בע"מ) is an Israeli public company engaged in the initiation, planning, development, construction, marketing and sale of residential real-estate projects. Its shares trade on the Tel Aviv Stock Exchange and are included in the TA-90 index. The company was founded on 9 September 1968 by three brothers — Aryeh, Yochanan (Yank) and Avraham (Adam) Dunietz — whose family had been active in construction since 1961. It began operations in Kfar Saba and Bat Yam and later expanded to other cities in central Israel and Jerusalem, listing its shares publicly in February 1993. Since completing the acquisition of Elad Israel New Residences Ltd. in 2022, the company has conducted business under the name Dunietz-Elad. The group describes itself as having a construction heritage dating back to 1963 and as one of Israel's leading and veteran real-estate firms, with thousands of apartments built nationwide. Its strategy focuses on adding significant value in each project through statutory planning, land improvement and comprehensive service across planning, construction and marketing, with an emphasis on large residential complexes in high-demand areas that require complex planning, infrastructure development and community services. The company is controlled by the JTLV2 fund, which holds more than 50% of its shares. Other interested parties include the insurance companies Phoenix Insurance and Menora Mivtachim Pension and Provident, as well as Vicky Dunietz. Ronen Yaffe has served as CEO of the group since 2022, having led Elad Israel New Residences since 2010. The company's main offices are located in Europark, Yakum. Dunietz Brothers is particularly active in urban renewal and evacuation-reconstruction (pinui-binui) projects. Notable projects include approximately 1,400 housing units in the Kiryat HaOmanim neighborhood of Rishon LeZion, the renewal of the HaArgazim neighborhood in Tel Aviv with about 2,300 apartments, about 430 apartments in the Neve Magen neighborhood of Ramat HaSharon, about 105 apartments on HaMeri Street in Givatayim, about 500 apartments on HaHistadrut Street in Givatayim, about 490 apartments on Derech HaShalom in Tel Aviv, about 2,000 apartments in the Nitzana neighborhood of Bat Yam, about 1,200 apartments in the Kiryat Eliezer neighborhood of Haifa, 400 apartments in the Beit HaKerem neighborhood of Jerusalem and about 1,000 apartments in the Armon HaNatziv neighborhood of Jerusalem. In addition to residential projects, the company builds assisted living, rental housing and commercial and employment space.

The Dunietz family began operating in the construction industry in 1961 as individuals. Dunietz Brothers Ltd. was founded on 9 September 1968 by three brothers: Aryeh Dunietz, Yochanan (Yank) Dunietz and Avraham (Adam) Dunietz. The company started its activities in Kfar Saba and Bat Yam, and later expanded its operations to additional cities in central Israel and Jerusalem. On 10 February 1993, the company first issued its shares to the public, becoming a publicly traded company on the Tel Aviv Stock Exchange. In April 2020, the JTLV fund together with Ronen Yaffe acquired control of Elad Israel New Residences Ltd., a company established by Yitzhak Tshuva and fully owned by him. Elad Israel New Residences was originally created for debt-raising purposes, and for this Tshuva transferred to it the main activity of Elad Israel Residences. In March 2021, JTLV acquired controlling shares in Dunietz Brothers Ltd. and began negotiations for a deal to sell Elad shares in exchange for allocating Dunietz shares. In late 2021, Yitzhak Tshuva decided to sell his remaining holdings in Elad Israel New Residences to the JTLV fund due to economic conditions following the COVID-19 pandemic. In June 2022, the share-swap transaction was executed, whereby Elad Israel New Residences became a wholly owned and controlled subsidiary of Dunietz Brothers. Upon completion of the transaction, Ronen Yaffe was appointed CEO of the company and its subsidiaries; prior to his appointment as CEO of Dunietz Brothers, Ronen Yaffe served as CEO of Elad Israel New Residences. In August 2023, a move was completed to replace the bonds of Elad Israel New Residences with bonds of a new series issued by Dunietz Brothers. With the completion of this move, trading in the bonds of Elad Israel New Residences Ltd. was halted and trading began in the new bonds issued by Dunietz Brothers Ltd. Elad Israel New Residences Ltd. became a private company, not a reporting company, wholly owned by Dunietz Brothers. In January 2024, the company raised an additional NIS 57.75 million in bonds. The company is controlled by the JTLV2 fund, which holds more than 50% of the company. Additional interested parties in the company are the insurance companies Phoenix Insurance and Menora Mivtachim Pension and Provident, and Vicky Dunietz. The chairman of the company from April 2000 until 30 June 2022 was Yaki Dunietz. He was replaced in this role by Chen Mordechai. The company's main offices are located in Europark, Yakum. Since completing the acquisition of Elad Israel New Residences in 2022, the company has used the name Dunietz-Elad in its business activities. The group describes itself as having a construction heritage since 1963 and as one of Israel's leading and veteran real-estate companies, with cumulative experience of decades and thousands of apartments built nationwide. It has housed many thousands of satisfied families in dozens of projects across the country and is ranked among the top real-estate companies in Israel as a developer that emphasizes the highest construction standards and environmental development, including thriving community life and diverse services for residents' welfare. The group's strategy focuses on adding significant value in each project by promoting statutory plans, improving land and providing comprehensive service during planning, construction and marketing. The group works to locate new projects with an eye toward a strategy of adding significant value while focusing on large residential complexes in high-demand areas that require complex and detailed planning, infrastructure development, community services and integrated solutions for the area.

• 2024

  Company raises an additional NIS 57.75 million in bonds in January.

• 2023

  Bond swap completed in August; Elad Israel New Residences becomes a private non-reporting company.

• 2022

  Share-swap completed in June; Elad Israel New Residences becomes a wholly owned subsidiary; Ronen Yaffe appointed CEO; company begins using Dunietz-Elad name.

• 2022

  Chen Mordechai replaces Yaki Dunietz as chairman on 1 July.

• 2021

  JTLV acquires controlling shares in Dunietz Brothers in March.

• 2020

  JTLV fund and Ronen Yaffe acquire control of Elad Israel New Residences in April.

• 2000

  Yaki Dunietz becomes chairman in April.

• 1993

  Company first issues shares to the public on 10 February.

• 1968

  Dunietz Brothers Ltd. founded on 9 September by Aryeh, Yochanan and Avraham Dunietz.

• 1963

  Group's construction heritage dates back to this year according to its own description.

• 1961

  Dunietz family begins operating in the construction industry as individuals.

Leading Israeli real-estate developer focused on large-scale residential complexes and urban renewal, emphasizing high construction standards, community life and value-added planning.

• Neve Magen New

  Residential project in Ramat HaSharon, about 430 apartments.

• Urban Park Rishonim

  New residential neighborhood in Rishon LeZion.

• UpTown Ashdod

  Three 18-story luxury towers with spacious apartments in Ashdod.

• Ramat Hadar Givat Shmuel

  New tower in the sought-after Ramat Hadar neighborhood of Givat Shmuel.

• Kiryat HaOmanim

  Urban renewal project with about 1,400 housing units in Rishon LeZion.

• HaArgazim neighborhood renewal

  Urban renewal in Tel Aviv with about 2,300 apartments built by the company.

• Park Beit HaKerem

  Residential project in the Beit HaKerem neighborhood of Jerusalem, 400 apartments.

• Armon HaNatziv

  About 1,000 apartments in the Armon HaNatziv neighborhood of Jerusalem.

• Nitzana neighborhood

  About 2,000 apartments in Bat Yam.

• Kiryat Eliezer

  About 1,200 apartments in Haifa.

1. 1חברת נדל"ן: פינוי בינוי והתחדשות עירונית | דוניץ אלעדdunietz-elad.co.il
2. 2על החברה | דוניץ אלעדdunietz-elad.co.il
3. 3אודות דוניץ אלעדdunietz-elad.co.il
4. 4Dunietz Brothers - Wikidatawikidata.org
5. 5אחים דוניץ - Wikipediahe.wikipedia.org
6. 6חברת נדל"ן: פינוי בינוי והתחדשות עירונית | דוניץ אלעדdunietz-elad.co.il