Urban renewal projects are a major trend in the expansion and growth of Israeli real estate. As several major Israeli cities have no more room to grow, municipalities have allowed older buildings to be renovated, giving the city a “facelift”, as well as strengthening buildings in order to withstand earthquakes.
Some such projects require the full evacuation of tenants while significant renovation and construction takes place – referred to as Pinui Binui (evacuation-construction). Other projects enable strengthening and expansion of buildings as tenants remain in existing apartments. These are referred to as Tama 38 projects.
The Corporation for Urban Renewal holds in its inventory approximately 8000 units with 40 full relocation-evacuation projects at various levels of execution.
The company provides a full-cycle business outlook per project, based on its thorough knowledge of regulation and long standing relationships with municipal as well as governmental planning and construction committees.
It collaborates closely with financial, legal, architectural and construction experts to ensure the highest quality building solutions.
Please visit our exciting new urban renewal project in La Guardia, Tel-Aviv www.pinuibinui.org.il More Details