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Israel Land Development Company (ILDC) ( he, הכשרת הישוב, Hachsharat HaYishuv) is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels. It was acquired in 1987 by Yaakov Nimrodi.
Encyclopaedia Judaica: Nimrodi
2008 In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.
Official website
Map of Haifa by the Palestine Land Development Company, ca.1926.
Eran Laor Cartographic Collection, The National Library of Israel. {{Authority control Conglomerate companies established in 1909 Companies formerly listed on the Nasdaq Companies listed on the Tel Aviv Stock Exchange Real estate companies of Israel Zionist organizations Real estate companies established in 1909 1909 establishments in the Ottoman Empire
Israel Land Development Company (ILDC) ( he, הכשרת הישוב, Hachsharat HaYishuv) is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels. It was acquired in 1987 by Yaakov Nimrodi.
History
ILDC was founded in 1909 by the Zionist Federation as the Palestine Land Development Company, or Palestine Land Development Corporation. It was a program of the practicalist movement in earlyZionism
Zionism ( he, צִיּוֹנוּת ''Tsiyyonut'' after '' Zion'') is a nationalist movement that espouses the establishment of, and support for a homeland for the Jewish people centered in the area roughly corresponding to what is known in Je ...
, particularly in the decade before the start of World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...
. The PLDC worked to purchasing land, to train Jews in agricultural pursuits, and to establish Jewish agricultural settlements in Palestine. By the outbreak of World War I it had purchased about 50,000 dunam (about 4600 hectare
The hectare (; SI symbol: ha) is a non-SI metric unit of area equal to a square with 100- metre sides (1 hm2), or 10,000 m2, and is primarily used in the measurement of land. There are 100 hectares in one square kilometre. An acre is ...
s) of land. It was attempting to purchase nearly 3 times that amount in the Jezreel Valley
The Jezreel Valley (from the he, עמק יזרעאל, translit. ''ʿĒmeq Yīzrəʿēʿl''), or Marj Ibn Amir ( ar, مرج ابن عامر), also known as the Valley of Megiddo, is a large fertile plain and inland valley in the Northern Distr ...
, however the outbreak of the war prevented it from making such a purchase.
It became an Israeli public company in 1953.
Yaakov Nimrodi took control of the company in 1988 with a $26m investment.jewishvirtuallibrary.orgEncyclopaedia Judaica: Nimrodi
2008 In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.
Properties owned by ILDC
* Rimonim HotelsReferences
External links
Official website
Map of Haifa by the Palestine Land Development Company, ca.1926.
Eran Laor Cartographic Collection, The National Library of Israel. {{Authority control Conglomerate companies established in 1909 Companies formerly listed on the Nasdaq Companies listed on the Tel Aviv Stock Exchange Real estate companies of Israel Zionist organizations Real estate companies established in 1909 1909 establishments in the Ottoman Empire