Gaming unicorn Moon Active signs 10-floor lease in Israel's tallest skyscraper
The company will lease 22,000 square meters in Tidhar's Beyond Towers project in Givatayim in a 10-year deal worth an estimated $110 million, giving the newly public developer its first major post-IPO success.
Three weeks after completing its IPO on the Tel Aviv Stock Exchange, Tidhar has secured its first major leasing deal as a public company. The real estate group has signed an agreement with gaming company Moon Active to lease office space in the Beyond Towers project in Givatayim.
Under the agreement, Moon Active will lease 10 floors totaling approximately 22,000 square meters, with an option to expand and lease additional floors in the future. The rent will be NIS 130 per square meter ($44M). Including parking spaces and storage facilities, the total annual cost is expected to reach approximately NIS 33 million ($11M) under a 10-year lease.
Moon Active is expected to move into the tower at the end of 2027. The company currently leases approximately 26,000 square meters in the Vitania Tower near the La Guardia Interchange in Tel Aviv. In March 2025, Calcalist reported that Tidhar was negotiating a deal to lease 14 floors to Moon Active at a higher rate of NIS 140 per square meter.
The Beyond Towers project, which will rise more than 300 meters and is expected to become Israel's tallest skyscraper, is located in the City complex in Givatayim. According to Tidhar's IPO prospectus, it is the company's most significant income-producing asset currently under construction and is valued at approximately NIS 1.075 billion. Tidhar owns a 39% stake in the project.
Tidhar completed its IPO earlier this month, raising NIS 1.7 billion at a post-money valuation of NIS 8 billion. The offering was the largest IPO on the Tel Aviv Stock Exchange since the Azrieli Group's 2010 flotation, which raised approximately NIS 2 billion at a valuation of NIS 10.8 billion.
Tidhar operates in income-producing real estate, residential development, construction contracting and urban renewal. The company currently has a market capitalization of approximately NIS 7.1 billion.
