A little bit of History
Founded by the State of Israel in 1961, IBC's roots are interwoven with the development of Israel and its' economy.
Industrial Buildings Corporation Ltd., (Tel Aviv stock exchange, code: 226019), also known as IBC, was founded by the State of Israel in 1961. IBC’s history is interwoven with the development of the Israeli economy and society as it responded to the demands to initiate and create industrial, commercial and office complexes as well as to provide infrastructure for residential developments.
In 1988 IBC became a publicly traded company and in 1993 the Israeli government finalized the privatization of IBC by selling off all of its remaining shares in the Company to the public.
Consequently, IBC joined the numerous and diverse companies owned by the Fishman Group, which holds 70.7% of IBC shares.
General Background
As one of Israel's Largest real estate and development companies, IBC focuses its main activities on the initiation, construction and aqcuisition of rental property in Israel and overseas for purposes of industry, crafts, Hi-Tech, commerce, offices and dwellings.
IBC is considered Israel’s flagship income-producing real estate and infrastructure development company.
It is engaged in the promotion, construction and acquisition of buildings in Israel and overseas, designated for rent, light and heavy industry, commerce, Hi-Tech, offices and residence; the provision of building management and maintenance services, mainly for the buildings that it owns and rents to tenants in the fields of Hi-Tech, offices, commerce and residence in Israel and overseas; the construction of residential apartments for sale in Israel and overseas and the provision of management, planning and supervision services for infrastructure development for residential and industrial areas on behalf of the Israel Land Administration, local authorities and various entities.
In recent years, IBC shifted the main focus of its activities overseas. Today, IBC owns major properties in the US, Canada, France, Germany, Switzerland, Macedonia, Serbia and the Netherlands.
IBC is also active in Russia, India and different countries in East Eruope and North Asia, through its holding of 36% shares in the Mirland Development Corporation Plc (British Aim Stock, code: MLD), a subsidiary engaged in investment, development and construction of real estate and residential projects in Russia; its holding of 36% shares in Mondon Investments Ltd., a company engaged in investment and development of commercial real estate, storage, logistics, office and residential projects in India; and its holding of 32% shares in Svitland Limited, allowing the company to initiate, purchase and build real estate projects in East Europe and North Asia.