Mega Or Holdings Ltd

Mega Or Holdings Ltd is an Israeli public real estate company focused on the development, acquisition, construction, improvement, leasing, management, and maintenance of income-producing properties. Its portfolio is concentrated in logistics and industrial buildings, open-air shopping centers, data centers through its wholly owned subsidiary Mega D.C., and renewable energy projects. The company is headquartered in Shilat, Israel, and its shares are traded on the Tel Aviv Stock Exchange. It is a constituent of the Tel Aviv 125 index and, as of 2026, the Tel Aviv 35 index. The company was founded in July 2002 as a private company named Tzachi Nahmias Holdings Ltd and changed its name to Mega Or Holdings in May 2006. It became public in June 2007 through an IPO on the Tel Aviv Stock Exchange at a valuation of approximately 24 million shekels. Initially focused on initiating and building open commercial centers, the company expanded into logistics and industrial buildings in 2009. Over the years, it has grown through acquisitions and partnerships, including the acquisition of a 29.9% stake in Discount Investment Corporation (Daskal) in 2020, and holds control of Afi Properties. The company also operates in the energy sector in Europe since 2022 and entered the data center field in 2024. Mega Or's property portfolio includes the industrial area in Moshav Shilat, Sarona Market in Tel Aviv, eight shopping centers in partnership with Big Shopping Centers, five Rami Levy supermarkets, IKEA stores in Be'er Sheva and Eshtaol, the Mega Or Rami Levy Ariel mall, and the Modi'in Technology Park. The company is controlled by Tzachi Nahmias, who held approximately 38% of the shares as of November 2020, with the remainder held by institutional investors and the public. Mega Or Group leads the income-producing real estate sector in Israel, with a broad portfolio, operational stability, and a long-term approach that creates sustainable value for tenants, investors, and communities. Its business activities are divided into industrial and logistics buildings, commercial centers, data centers, energy, and a holding in Daskal. The group's strategy emphasizes long-term thinking, operational stability, and innovation.

Mega Or Holdings Ltd was founded in July 2002 as a private company named Tzachi Nahmias Holdings Ltd. In May 2006, it changed its name to Mega Or Holdings. The company was established based on real estate held by Tzachi Nahmias and his father Pini Nahmias in the industrial area of Moshav Shilat. Pini Nahmias operated a workshop and lathe at the site. In 1997, the Home Center chain sought a site to open a store in the Modi'in area and approached him; the rent offered provided higher income than the workshop, so he closed it and leased the building to them. The Nahmias family later made deals with other moshav members, purchasing land or building commercial and office buildings on their land, leasing the space, and receiving a percentage of the income. In 2006, the company had rental income of about 2 million shekels per year. It was decided to issue the company on the stock exchange and raise funds for further acquisitions. At that time, partners in the company included the brothers Gil and Ron Noy. The IPO was led by the investment firm Berger Shuki Hon, owned by businessman Amit Berger. The company raised 70 million shekels in shares and bonds, even though the assets held in Moshav Shilat were built on agricultural land without permits for commercial use or non-conforming use. After the IPO, the company began acquiring and developing income-producing real estate in commercial and logistics centers throughout the country, some in partnership with Big Shopping Centers of the Naftali brothers, and some in partnership with businessman Rami Levy. In December 2013, the Noy brothers sold their holdings in the company. During 2019, Mega Or Holdings acquired control of the real estate company Afi Properties (formerly Africa Israel Properties) in cooperation with Big Shopping Centers. On November 21, 2020, the Tel Aviv District Court approved the sale of control of Discount Investment Corporation (Daskal) to a group of investors led by Mega Or, after the bondholders of the parent company IDB Development preferred their offer over that of Eduardo Elsztain, the controlling shareholder of Daskal, who lost control of IDB Development in September 2020. In 2021, the company's market value exceeded 4 billion shekels, and Maalot raised its issuer rating to ilA+. In 2022, the company began operating in the energy sector in Europe. In 2024, the company entered the data center field. In 2026, the company was included in the Tel Aviv 35 index for the first time, and Maalot raised its issuer rating to ilAA-.

• 2026

  Included in the Tel Aviv 35 index for the first time; Maalot raised issuer rating to ilAA-.

• 2024

  Entered the data center field.

• 2022

  Began operating in the energy sector in Europe.

• 2021

  Market value exceeded 4 billion shekels; Maalot raised issuer rating to ilA+.

• 2020

  Acquired 29.9% of Discount Investment Corporation (Daskal).

• 2019

  Market value exceeded 2 billion shekels; included in the Tel Aviv 125 index for the first time.

• 2013

  First rated by Maalot with an A- rating.

• 2009

  Began operating in the initiation and construction of logistics/industrial buildings.

• 2007

  IPO on the Tel Aviv Stock Exchange at a valuation of approximately 24 million shekels.

• 2006

  Changed name to Mega Or Holdings Ltd.

• 2002

  Founded as a private company named Tzachi Nahmias Holdings Ltd.

Leading income-producing real estate group in Israel with a focus on logistics, commercial centers, data centers, and renewable energy.

• Logistics and industrial buildings

  Development of industrial and logistics buildings adapted to modern business activity, with emphasis on accessibility, operational flexibility, and high standards.

• Open-air shopping centers

  Development and management of open commercial centers combining accessibility, precise tenant mix, and daily user experience.

• Data centers

  Through wholly owned subsidiary Mega D.C., development and operation of data centers supporting the needs, technology, and digital growth of companies.

• Renewable energy

  Promotion of solar systems, energy storage facilities, and energy projects, leveraging the group's real estate assets.

1. 1מגה אור – נדל"ן מניב, לוגיסטיקה, מרכזי נתונים ואנרגיה מתחדשתmegaor.co.il
2. 2אודות מגה אור – סיפור החברה, הנהלה ודירקטוריוןmegaor.co.il
3. 3Mega Or Holdings Ltd - Wikidatawikidata.org
4. 4מגה אור החזקות - Wikipediahe.wikipedia.org