The BST actual property team, managed via the Tannous circle of relatives, finished an preliminary public providing (IPO) at the Tel Aviv Inventory Trade. Throughout the framework of the providing, which used to be finished by way of a non-uniform be offering structure, the corporate raised roughly NIS 400 million in trade for approximately 13.75% of its stocks. The providing used to be performed at a pre-money valuation of roughly NIS 2.6 billion, and the corporate will start buying and selling within the coming days at a post-money marketplace worth of roughly NIS 3 billion.
The corporate, which used to be based in 1972 via the overdue Badie Tannous and is these days controlled via his sons Elias (CEO), Ala, and Wasim, along Chairman Rafi Bisker, operates in 3 segments: Execution and finishes (with revenues of roughly NIS 1.7 billion on this section in 2025), actual property construction in Israel (19 tasks together with 4,300 housing gadgets), and income-producing actual property in Canada in partnership with Phoenix and Menora. A number of the distinguished tasks established and finished via the corporate: Sammy Ofer Stadium, ToHa, Azrieli The city, TLV Mall, and the hospitalization tower at Ichilov.
In keeping with its reviews, BST Crew summarized the 12 months 2025 with revenues of roughly NIS 1,911 million and a web benefit of roughly NIS 52.2 million. The corporate concluded the primary quarter of 2026 with revenues of roughly NIS 514 million (an building up of about 21% in comparison to the parallel quarter) and a web benefit of roughly NIS 11.8 million.
As of the tip of March 2026, the entire backlog of the gang’s paintings stood at roughly NIS 6.4 billion, and its fairness amounted to roughly NIS 741 million. The proceeds from the fundraising are supposed to finance the corporate’s 2030 plan, which incorporates increasing evacuation-and-construction tasks in Israel and extending the residential condo portfolio in Canada.
Elias Tannous, CEO and co-owner of BST Crew, said: “The offering of the group’s shares is a central move in its history, reflecting the impressive journey we have made over the years. We continue to operate out of a deep commitment to values, to a path of uncompromising quality in planning, development, and execution, and to the vision instilled by our late father, Badie Tannous, to continue leading as one of the largest real estate groups in Israel.”
