Electra won a NIS 400 million tender for the "Spiral" project - Walla! Of money

2022-05-19T10:34:20.769Z

Electra Ltd., managed by Itamar Deutscher, announces today (Thursday) that it has won the Azrieli Group's "Spiral" project tender in Tel Aviv. The total expected consideration for Electra is NIS 400.

Electra won tender in the amount of NIS 400 million for the "Spiral" project

Electra, managed by Itamar Deutscher, reports on winning a tender for the execution of the electromechanical systems, installation of elevators and maintenance services in the "Spiral" project of the Azrieli Group in Tel Aviv.

The total expected return for Electra amounts to approximately NIS 400 million for an estimated implementation period of 4 years

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19/05/2022

Thursday, 19 May 2022, 10:26 Updated: 13:26

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Electra Group Ltd. continues to increase its backlog of works by winning a large tender for the "Spiral" project in Tel Aviv.

Last January, the Tel Aviv Local Planning and Construction Committee gave the green light to Azrieli's Spiral Tower in Tel Aviv, near the three towers and the Azrieli Mall. , Which is expected to be the tallest tower in Israel, will rise to a height of 350 meters and include 91 floors (of which 83 above ground level).

Electra Systems

will install in the spiral project, all the electromechanical systems, which include air conditioning and ventilation, electricity, plumbing and firefighting. , And the use of energy-efficient systems.

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Imaging of the "Spiral Tower" in Tel Aviv, Azrieli (Photo: Imaging: KPF)

47 elevators and 16 sections of escalators

Electra Elevators

defeated international companies in the spiral tower tender and was chosen to build, operate and control the tower's vast array of elevators, which form the main artery of this challenging project.

The company will install 47 elevators and 16 escalators in the building that will connect to the Azrieli Mall.

Most of the elevators will be innovative double-decks, so that at that point the elevator will stop on two consecutive floors, allowing for example to enter the elevator from the 80th floor and also from the 81st floor. Unique, including walls and glass ceilings in part.

In addition, the innovative project will include, for the first time in Israel, a system designed to evacuate people in emergencies.

This means that unlike a regular building, where the elevators are disabled when needed and all tenants and visitors are directed to the staircase, the spiral tower will incorporate a smart system that identifies the elevator floor where an emergency occurs, thereby serving dedicated elevators only the same floor and adjacent ones. For visitors to the building, using dedicated screens.

In addition, Electra is expected to use the Self-Climbing Elevator technology, a self-climbing elevator, installed during the construction of the building.

This means that instead of a skeleton construction process that lasts close to a year, an elevator can be installed already in the early stages of construction, which will operate on all floors of the building shortly after the skeleton is completed.

Electra will install 47 elevators in the "Spiral" project in Tel Aviv (Photo: ShutterStock)

"Winning this complex tender illustrates Electra's capabilities"

Itamar Deutscher, CEO of the Electra Group Ltd

.: "We are in a period of significant growth. This growth is reflected in the leap that has been recorded in the company's backlog in the past year, and the current win continues this positive trend."

Schweizer adds that: "Winning a complex tender - which includes the execution of electromechanical systems, installation of elevators and provision of maintenance services in Azrieli's prestigious project - illustrates Electra's ability to provide a wide range of services and works for the most significant projects in the Israeli economy."

"This week we also signed with our partners the concession agreement for the construction of the green line of the light rail in Gush Dan, a project that will generate total revenues of about NIS 9 billion, so we are currently in an extraordinary momentum, which will be reflected in the growth trend of our activity Electra's business performance over the years, "Deutscher shares.

Itamar Deutscher, CEO of the Electra Group Ltd. (Photo: Liron Aloni)

Net profit of NIS 227 million in 2021

This win by the Electra Group, comes after this week reported on a significant milestone with the signing of the concession agreement regarding the construction of the Green Line project of the light rail in Gush Dan.

Electra Group Ltd., managed by Itamar Deutscher, is considered one of the leading contracting groups in Israel, currently operating, through its subsidiaries, in five operating segments: projects for buildings and infrastructure in Israel; projects for buildings and infrastructure abroad;

Operation, service and maintenance;

Development and construction of real estate in initiation, and the franchise sector.

The group ended 2021 with a growth of about 16% in its revenues to about NIS 9 billion and with a 25% increase in net profit to about NIS 227 million.

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