Tel Aviv’s ToHa2 tower (Ron Arad Architects)
In a landmark deal worth $30 million, Google will occupy a significant portion of Tel Aviv’s soon-to-be-completed ToHa2 tower, solidifying the agreement as the largest office rental contract in Israeli history.
Google will lease approximately 60,000 square meters of office space, translating to at least 20 floors in the towering structure. Each floor boasts a sprawling 3,000 square meters, offering ample space for the tech giant’s operations.
Designed by renowned architect Ron Arad, the ToHa2 tower is a 75-story behemoth currently under construction. Expected for completion in 2027, it will seamlessly connect to the existing ToHa1 tower, completed in 2018. The complex will offer a mix of uses on the ground floor, with ample parking cleverly facilitated by an elevated walkway design.
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Towering over Tel Aviv at a height of 300 meters, ToHa2 will boast over 170,000 square meters of space and will be situated at a prime location overlooking the Ayalon Highway at the junction of Totzeret Ha’aretz Street, Yigal Alon Street, and Hashalom Road in Tel Aviv. Construction began in 2022 and should be completed by 2027.
The two ToHa towers are expected to house roughly 20,000 workers. Reflecting a commitment to sustainability and aligning with city planning policies, parking will be limited to 1,500 spaces. This focus on public transportation accessibility is further supported by the tower’s proximity to light and heavy rail options, as well as two nearby metro stations.
The project is spearheaded by Israel Gav-Yam Land Corporation Ltd., a leading real estate company with a long history of developing and managing hi-tech, logistics, and industrial centers across Israel.
With an estimated project cost of 3 billion shekels ($810 million) and projected annual rental income of 280 million shekels ($75 million), the ToHa complex signifies a significant development in Tel Aviv’s business landscape.
The ToHa2 tower project is from Israel Gav-Yam Land Corporation Ltd., one of Israel’s largest, longest established real estate companies. The company specializes in the initiation, planning, development, construction, leasing, maintenance, and management of hi-tech, logistics, and industrial parks and centers nationwide, as well as in the construction of dedicated complexes planned for long-term leasing.
Gav-Yam was founded in 1928, and has been listed on the Tel Aviv Stock Exchange since 1978.
