The Limited Times

Now you can see non-English news...

Real Estate Bubble | Israel Today

2020-06-24T22:48:37.268Z


Design City attracts international brands • Why buy if you can rent? • Doing Business in Netanya • One Home for Everyone in the Industry Forum | Real Estate Magazine


Design City attracts international brands • Why buy if you can rent? • Doing business in Netanya • One home for everyone in the Knesset building industry forum

  • The Altoni design network on the way to Israel

    Photo: 

    PR

Produced by the Department of Special Additives

International Style

For the first time in Israel, the Altoni International Design Network is opening a branch in Israel. Italian super brand will open a branch in the design city of Design City, which is built in Maale Adumim. The chain has rented 300 square meters of office space. Altoni is expected to join more than 120 international design brands, which have already taken up space in the complex.

The design city of Design City, which is being built by project developer Kess Group in Mishor Adumim, with an investment of NIS 400 million, will cover approximately 110,000 square meters and another 50,000 square meters of public space. The complex will be designed by architect Shlomo Gartner, inspired by the Venetian Hotel in Las Vegas. The site will include a home design complex, a dining area that will occupy approximately 5,000 square meters and approximately 1,400 parking spaces.

According to Pnina Profit, CEO of Design City, the center will have about 300 stores from the world of home design - furniture, design, electrical appliances, ceramics, curtains, handles, wallpapers and more.

The lessor of the government

While the new government's housing policy is in the midst of battle, new housing minister Jacob Litzman is committed to encouraging long-term rental policies for affordable housing. "Expanding the housing sector for long-term rental throughout the state is a key value for the Ministry of Housing," the minister said.

The state-owned apartment rental company currently leads some 40 projects nationwide with over 8,000 long-term rental units. The company dictates the building specification, maintenance specification and rental agreement for a period of 15 years.

Additional tenders are expected to be completed in the near future, both in the periphery and in the heart of the demand area, including the Triangle Stock Exchange Project in Ramat Gan, the Tel Aviv Peace Project and the Yokneam Project.

286 apartments for rent on Ben Shemen lands // Imaging: Totem 

This week another significant project on Moshav Ben Shemen's land in a new neighborhood in Lod was approved. Parshkovsky won a tender for the construction of a project that will include 352 housing units, of which 286 are long-term rental apartments.

CEO of apartment rental Yair Tal: "The attractiveness of a long-term rental apartment is increasing these days, given the uncertainty due to the economic crisis and the difficulties experienced by many mortgage payments."

Welcome to Netanya

The Israel company, which worked overtime during the Corona period to provide medicines and medical equipment to the health care system, began marketing the SBC business center project.

The building, which is in advanced stages of construction, is located on Crystal Street in the Poleg industrial area of ​​Netanya, near the existing building in Israel. The building covers 16,000 square meters on 10 floors on 19 acres. The full population of the project is expected at the end of the first quarter of 2021.

"This is an opportunity for businesses looking to lower office costs, improve accessibility and join leading companies in the economy, including eBay, Teva, and Elbit, which have moved to the Poleg industrial area," said Chief Executive Officer Avi Buskila.

Company Chairman Shlomo Grofman, one of the real estate executives in Israel, said: "The central location of the project, together with the huge investment of the municipality of Netanya in an extensive plan for the development of the region, are important factors that corporate leaders take into account."

The company will be responsible for managing the building and will occupy floors 1-4 for its needs. The rest of the floors are now for sale at launch prices, with the preference for selling whole or half floors to create a quality work environment while saving costs. The special marketing price for the launch is about NIS 9,800 per meter and for the upper floors about NIS 10,900 per meter.

Recently, the first deal was signed for the project: 6th floor of 1,550 square meters was sold for NIS 16,950,000 (including 15 parking spaces). The marketing of another floor is in the midst of negotiations and there is interest in the other floors as well. The project is being carried out by the construction company Al-Har Engineering of the Kardan Group.

Project Simulation // Credit: PR

Under one roof

Exceptional organization in the construction industry includes not only the contractors, but also all the organizations and accompanying entities - planners, architects, interior designers, the Green Building Council, the Construction Workers' Union and the Construction Industry, the 15th Forum, Realtors, Appraisers, Renovators and Air Conditioning Contractors.

At the head of the Knesset Building Forum, which will include about 30 different organizations in a variety of fields, representing hundreds of thousands of workers, will be chaired by MK Eitan Ginsburg, chairman of the Blue and White faction, and MK of the Knesset and MK Mickey Zohar. Representatives of all the factions of the House will be members. The goal: to work to improve and upgrade construction in Israel in all its branches, for the public good.

Separate from the nursing home

As part of the combination deal, Yanov acquired a plot of land on 43 Borochov Street in Ra'anana, instead of the old nursing home of Neve Harim. The sellers are members of the Koch family, which operated the 1958 nursing home.

A 9-story residential building will be built on the lot. This week the building was demolished, and after the planning permission and approval of the permit, the building will begin. The plot area is 1,283 sq.m. The building will contain a mix of 3-5 rooms and penthouses. Yanov promotes the BNA for a project under the overall program 3000 RA in Raanana.

Janov has been active in the Sharon area for years and has built many projects in Ra'anana, Kfar Saba, Hod Hasharon and Herzliya, including Hadar Towers, Bar Ilan, Jabotinsky and more. 

According to Sagi Lanchner, CEO of Janov, "We are pleased to launch the project in Ra'anana, located in the heart of a green neighborhood in a strategic and central location near public transport and major access roads, as well as near a local trade area. Housing demand in Ra'anana is very high, but the supply of apartments is not enough.

"Our project will offer very high standard housing units and a diverse mix. We will soon begin the marketing phase. Our target audience will be established young families who want to live in the heart of the city near shopping, medical, education and entertainment centers."

50 minutes from Dimona to Tel Aviv

After the train station was erroneously erected on the outskirts of Dimona and turned into a kind of detached white elephant, this week it was approved to move to the heart of the city. "An historic moment for Dimona," Mayor Benny Bitton declared.

After a long and focused discussion with the District Committee, the establishment of a state-of-the-art transportation center with a high-speed train station to Tel Aviv was unanimously reached, arriving at the destination within 50 minutes. A central bus station and taxi station will also be set up.

A commercial complex and offices will create new jobs for Dimona residents. The cost of the project is about NIS 350 million. The transportation center is now embarking on planning processes, which will take about a year and a half.

Short and sweet

  • Yair Pines was appointed Director General of the Ministry of Construction and Housing. His direction: Loan grants instead of a cost to the buyer. For the past year, he was a research associate at Harvard University at a Canadian School of Public Policy at the Center for Government and Business, where he dealt with land policy and affordable housing, among other things.
  • White City Buildings has signed a partnership with Isrotel (50%) to build a hotel on Pinsker Street in Tel Aviv. The plan is to build about 170 rooms with an investment of NIS 200 million.
  • The Bildap company of the Best Group won the tender for the establishment of the Pelephone House offices in Melisron's Ofer Park. Construction will be completed in just 7 months, amounting to NIS 30 million. The company will leave its old home in the Rose House in Givatayim after 22 years.
  • Ophir Sharon is completing his position as VP of Marketing and Sales for a home and roofing company, which executes dozens of projects across the country.
  • The Merman plant will acquire from the Rosio group of brothers Yuval and Yaniv Rosio 50% of the shares of the project company, which holds the rights to execute TAMA 2 on Weizman Street corner of Tel Aviv near the State Square. The project includes the demolition and demolition of two old buildings with 41 apartments and the erection of two buildings with 73 apartments in place.
  • In groups of four tenants along three days, 240 evacuation-tenants went out to choose apartments in the Ayalon Quarter project of the Bat Yam Yam. Construction is expected to start in the coming months and will include 1,100 apartments in 43-story towers.
  • Gav-Yam establishes a new Marlot on the area of ​​7,600 sq.m. within the area of ​​Gederot and will rent it for over NIS 4,000,000 a year to Lake Logistics and Storage Company.
  • Amot Investment and Eliad Real Estate Companies won a tender for the K complex - the first tender marketed as part of the Jerusalem City Entrance Quarter project. The bid amount is NIS 180 million, excluding VAT and no development expenses. The complex has a valid plan that allows the construction of two 36-story towers each for offices, commerce and hotels.
  • Ram Aderet and Lumina groups report the demolition of two 3-story buildings with 12 apartments on 11 Ma'in Street in the Arlozorov neighborhood of Givatayim, as part of the Tama 2/38 project. The new building will be 7 stories with 30 apartments.
  • Congratulations to the adviser of Litzman Housing Minister Yaakov Isaac, who married his daughter in Modi'in Illit. The event was attended by Minister Litzman, MK Nir Barkat, MK Yaakov Tesler, Mordechai Brisk, Tuvia Freund and others.
  • The Israel Lands Authority has tendered 70 dunams for commercial and light industry at Kiryat Malachi Industrial Park in Timur. These are 18 plots that are expected to bring millions of shekels into the budget for Kiryat Malachi. Mayor Eliyahu Zohar: "Kiryat Malachi in real estate swing never seen before."

Produced by the Department of Special Additives

Source: israelhayom

All news articles on 2020-06-24

You may like

Trends 24h

News/Politics 2024-03-28T06:04:53.137Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.