real estate, financial services, infrastructure

Other activities

Automotive & Consumer Goods

Kardan is active in the automotive and consumer goods sector in Israel through Kardan Israel and its Group companies, UMI, Dan Rent a Car (Avis Israel), and SFDI.

 

Kardan Israel owns 40% of the shares of UMI, which is the exclusive Israeli distributor for the General Motors Group (GM Group). UMI imports and markets the following brands: ‘‘Chevrolet’’, ‘‘Buick’’, ‘‘Chevy Trucks’’, and ‘‘Cadillac’’ (manufactured in North America and in Korea), ‘‘Opel’’ (manufactured in Europe), and ‘‘Isuzu’’ (manufactured in Japan and in Thailand). In addition, UMI imports trucks manufactured by Isuzu and markets them through its 50% affiliate Universal Trucks Israel Ltd.

Kardan Israel owns (in)directly 22% of Avis Israel, an operational car-leasing and rental company.

SFDI distributes Whirlpool and Bauknecht ‘‘white goods’’ throughout Israel.

 

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Communications & Technology

Kardan operates in the communications and technology sector through Kardan Communication and Kardan Technologies.

 

Kardan focuses its investments on small- and medium-sized companies in the technology sector, mainly in the fields of communications and media that have moved beyond the start-up stage and have strong growth potential. Kardan Communications does not consolidate the results of its Group companies in its financial statements.

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Real Estate

In Israel, Kardan RE is engaged mainly in the development of residential and office projects and in providing them with management and maintenance services.

 

Strategy

As a result of an improving real estate market in Israel, Kardan Real Estate is contemplating changes in its investment policy and in the scope of its activities. It aims to concentrate mainly on the Israeli residential sector and on ‘‘build, operate and transfer’’ infrastructure projects which include real estate elements.