BST Group to build new Nvidia office tower in Yokneam for NIS 170M

Nvidia is putting down even deeper roots in Israel. BST Group has been tapped to construct a new office tower for the chipmaker in the northern Israeli city of Yokneam, a project valued at NIS 170 million (roughly $47 million at current exchange rates).

Partial delivery of the tower is expected in 2027, with full occupancy slated for 2028.

Nvidia’s expanding Israeli footprint

Nvidia previously signed a 10-year lease agreement worth NIS 230 million with Melisron for 29,000 square meters in the same area. All told, Nvidia’s footprint in Israel now includes over 68,000 square meters in Yokneam.

The company is planning a massive 160,000 square-meter campus in nearby Kiryat Tivon, a facility designed to eventually house 10,000 employees.

The Mellanox connection

In 2019, Nvidia acquired Mellanox Technologies for $6.9 billion. Mellanox, headquartered in Yokneam, specialized in high-performance networking technology, the kind of infrastructure that connects GPUs in data centers and makes large-scale AI training possible. The acquisition gave Nvidia both critical technology and a significant Israeli workforce.

What this means for investors

Between the existing 68,000 square meters in Yokneam and the planned 160,000-square-meter Kiryat Tivon campus, Nvidia is building capacity for a workforce that could number well into the tens of thousands in Israel alone. BST Group lands a NIS 170 million construction contract, Melisron holds a NIS 230 million long-term lease, and the broader northern Israeli tech corridor gets another anchor tenant doubling down.