Urban Renewal
Now is the time!
“Without urban renewal on a significantly larger scale, we will face a planning catastrophe of depletion of open areas intended for construction”
(Strategic Housing Plan, 2017-2040)
About Us
Our company acts for the benefit of the tenants and on their behalf in order to bring the maximum value to the project and leverage the property of each tenant as much as possible. Leading urban renewal projects requires extensive knowledge and experience, and we are here to provide you with management services composed of orderly work processes – we manage relationships with professionals, developers and the tenants’ union, we remove obstacles and make joint decisions in a smart and comfortable way, while striving to carry out the project in the most optimal and profitable way. We manage the process down to the last detail, until the apartments are delivered to the tenants.
Why now is the right time?
A growing shortage of open areas suitable for construction, along with the need to rebuild tens of thousands of old and dangerous residential buildings all over the country, have increased the interest in projects in the field of urban renewal, which includes National Outline Plan 38 (TAMA 38) projects, as well as evacuation and rebuilding projects.
In recent years, the State of Israel, in cooperation with local authorities across the country, have been striving consistently to promote urban renewal processes, while encouraging developers to take responsibility for these types of projects, in addition to the incentives granted to apartment owners in each of the evacuation and rebuilding projects.
Who can benefit from our services?
Developers
We offer real estate developers assistance with regard to removing obstacles related to the difficulty in the tenants’ union or barriers placed by the local authority, and bringing the project to a safe harbor, while integrating them into our web platform that allows to receive real-time reports and updates on the removal of barriers and planning problems.
Property owners
In Israel, there are thousands of privately owned properties that have lost their appeal, and in some cases became more of a burden, rather than an asset. We offer the owners of these properties to represent them before the authorities with a goal to increase their construction rights by hundreds of percent and turn the properties into real estate projects that will generate huge revenues for the owners.
Land owners
We offer private land owners to join forces under one roof. We will manage the legal and planning procedures for them, while striving to expand the building and betterment rights by submitting rezoning plans. The process will be executed by leading professionals – architects, appraisers, surveyors, agronomists, consultants in areas of transportation, environment, infrastructure and more.
Apartment owners
Many old neighborhoods designated for urban renewal as part of “evacuation and rebuilding” projects find it difficult to make things happen, and those who suffer from this situation are the tenants who keep living in old, poorly maintained buildings that don’t have elevators and safety equipment, without exhausting the properties’ economic potential. We specialize in the field of tenant unions, capable of removing authorities-related obstacles and managing the actual project, while cooperating with leading entities in areas of planning and construction.
Our Projects
You can view our projects on the map by clicking the markings. In addition, for your convenience, project details can also be found below the map.
*The scope of the planned construction is not final and is subject to the approval of relevant authorities.
From the Press
Questions and Answers
We have gathered the answers to frequently asked questions. If you have more questions, don’t hesitate to contact us.
Our company acts for the benefit of the tenants and on their behalf in order to bring the maximum value to the project and leverage the property of each tenant as much as possible. Leading urban renewal projects requires extensive knowledge and experience, and we are here to provide you with management services composed of orderly work processes – we manage relationships with professionals, developers and the tenants’ union, we remove obstacles and make joint decisions in a smart and comfortable way, while striving to carry out the project in the most optimal and profitable way. We manage the process down to the last detail, until the apartments are delivered to the tenants.
Until the last two years, Ashkelon did not engage in the field of urban renewal. The value of the city’s land was low and from the developers’ perspective, there was no real feasibility for projects. Currently, the situation is different. The value of land in Ashkelon became more expensive as in the rest of the country, and the southern city is now a fertile ground for urban renewal projects, for the benefit of the residents and potential investors. The planning committee and local authority are involved in pushing the projects forward, and it is estimated that this trend will keep growing along with significant developments in the coming years.
The Uncooperative Tenant Law allows the 67% of owners who agree to the project to sue the remaining 33% who oppose it. However, this is an unwanted situation. Experience shows that the source of objections is usually concerns due to lack of information. We will strive to reach a full agreement and explain the benefits of the project that enhances the property value and the quality of life greatly. Any attempt of a tenant to get more than he deserves in relation to others may lower the project’s chances in a way that eventually neither party will receive anything.
That’s the beauty of this project – you don’t need to pay anything! The developer that will be selected will bear that wage of all the professional entities engaged in the project, including the attorney to be selected by the tenants, moving from the old apartment to the new one, as well as the rent as of the day of vacating the old apartment until the key to the new apartment is received.
Yes. We will be able to suggest experienced lawyers in the field, and the tenants will be able to select or pick any other lawyer that will be agreed upon by the representation. His sole role will be to represent the owners, and we will give the instructions. The lawyer’s fee, as well as the fee of other professionals that may be required, will be paid by the construction company in accordance with the law.
The executing company will provide guarantees for the completion of the project as of the day of vacating the old apartment until receiving the new apartment, supported by the financing bank.
We have set a threshold that companies will be required to meet, which is receiving a conditional autonomous guarantee. This means that a court will not be required in order to decide whether the company has violated its obligations, and violation of one clause of the guarantee will be sufficient for the owners to be able to exercise the Sales Law guarantee, which will be equivalent to the value of the new apartment. In addition, there are guarantees for the rent, registration fee, and a guarantee for the inspection of the new apartment.
Urban renewal done right
An urban renewal project is an orchestra with many players: architects, constructors, lawyers, consultants, appraisers and more. Dozens of professionals join forces to establish one harmonious creation. You can have the best, most expensive or most well-known professionals, and each of them will produce a great sound. However, only the combination of them all allows to achieve the perfect result.
This is where the management company comes into the picture…
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