BDI

Africa Israel Residences Ltd.

Development and construction of residential projects

Profile

Address 1 C Yoni Netanyahu St., P.O.B. 715, Or Yehuda 6025602- View Map
Phone 03-7402555
Fax 03-6339170
Email [email protected]
Social Networks
Company Website www.africa-israel.co.il/megurim

Managers

Avraham Novogrocki (Novo), Chairman, Africa Israel Residences Ltd.

Avraham Novogrocki (Novo)

Chairman

Oren Hod, Chief Executive Officer, Africa Israel Residences Ltd.

Oren Hod

Chief Executive Officer

About


Since its establishment in 1960, and the Company's transformation into a public company in June 2006, Africa Israel Residences has led the Israeli residential real estate market.

The Company is involved in all stages of residential projects, beginning with the acquisition of the real estate, through to planning, construction, public areas development, marketing, sales, and occupancy.
Africa Israel Residences has changed the face of Israel’s housing culture with the creation of its “Savyonim” brand, which incorporates residential neighborhoods throughout the country, designed in a “neighborhood that is a city” format. The “Savyonim” neighborhoods offer sophisticated community services and a high-level of environmental development, providing their residents security, peace of mind and a safe and worthwhile acquisition. Thus, the neighborhoods attract a quality population and ensure long-term property values.
Over time, the Company has managed to combine careful management and sound financial conduct with a large-scale, high-quality pipeline of projects, and resultingly, almost one-quarter of the Company’s customers are repeat buyers. This degree of repeated buying is an exceptional figure in the residential real estate market.

The “Savyonim” Brand
The “Savyonim” brand, which is the house brand of Africa Israel Residences, was born out of the understanding that the customer is not only looking for a beautiful home at an attractive price but also added value in the form of quality of life and a splendid residential experience. The “Savyonim” brand is based on the Company’s efforts to build modern neighborhoods, carefully designed to provide their residents with the highest quality of life, security, and peace of mind – not just another isolated building, but rather neighborhoods with wide public areas, allowing access to community services within walking distance, a quality population and spacious and safe parks for children to play.
The Company’s “Savyonim” neighborhoods are synonymous with quality of life for its residents and quality construction at the highest and most precise standards, with attention paid to every detail. As such, they are still perceived as a factor that, inter alia, has left a mark of change in several cities in the Ono Valley area, the most prominent of which are the more senior neighborhoods of Neve Savyon, Or Yehuda and Yehud’s Kiryat Ha’Savyonim.

Current and Future Projects
Africa Israel Residences has several projects in the design and construction stages, with some 3,600 residential units, throughout the country (some of which with partners). Of said, the Company is now building and marketing more than 2,600 units. During the past year, the Company focused on diversifying its properties along with entering high- demand areas such as Harish, Kfar Yona, Givat Shmuel and Modi’in. Recent projects include Savyon City Towers in Netanya, as well as Savyonei Ha’Sharon in Kfar Yona, Savoynei Givat Shmuel, Sderot Ha’Savyonim in Modi’in and more, all of which are new projects which have just recently been developed.
While establishing the “Savyonim” brand and according to market trends, the Company is continually expanding its products base by locating new niches for development and investment, such as through a Government of Israel Housing Project in Herzliya’s Glil Yam neighborhood, in Rishon Le’Zion, in Shoham, and in Ness Ziona, and a long-term rental project in Herzliya’s Savyonei Glil Yam, which has recently been occupied, and the acquisition of real estate for another rental project in Shoham.
In addition, the Company is now working through its “Africa Urban Renewal,” subsidiary and its “Savyonei Ha’ir” brand in the urban renewal field, as well as through its “Luxury Collection” that consolidates the Company’s most luxurious projects, among them two remarkable projects located in the heart of Jerusalem – Ha’Nevi’im Court and Savyon View.
Subject to its business strategy, the Company constantly strives to identify new real estate reserves to build new neighborhoods and expand its operations and will keep doing so in the future.

Africa Urban Renewal
Africa Israel Residences has full ownership of its Africa Urban Renewal subsidiary. This company specializes in promoting demolition and reconstruction projects as well as TAMA 38/2 projects (demolition and reconstruction/evacuation/construction/partial sale combinations, utilization of existing building rights and including rights under TAMA 38, as amended).
Africa Urban Renewal leads the field of renewal thanks to its vast experience and professional knowledge. The scope of projects currently being carried out by the company is among the highest in the Israeli market. The company has extensive professional expertise in a wide range of fields, including financing, licensing, engineering and construction, vast financial resources and high-quality human capital. All this, in addition to a residents’ service department that is personally involved with the residents of the project, from its early beginnings, and until after the actual occupance stage. The company is currently working on 10 TAMA demolition and construction projects, and its first demolition and construction project in Netanya. Very soon, Africa Urban Renewal will begin to work on its 11th project. In total, it is now promoting more than 30 projects, including in Netanya, Herzliya, Jerusalem, Ramat Gan, Givatayim, Tel Aviv and Be’er Sheva, of which three projects have already been occupied.

Sources of Success
Africa Israel Residences is chosen year after year by the Geocartography public opinion survey and by various other factors as Israel’s best and most reliable construction company, this because of its size and expertise that provide it the advantages it needs to operate in a highly competitive environment.
The Company enjoys financial strength and high liquidity and owns many projects and real estate reserves in high-demand areas and has a skilled and professional team of employees who are dedicated to quality, innovation, and creativity in all areas, such as marketing, planning and engineering, and who are committed to the success of the Company and its customers.

Contribution to the Community
The Company is part of the community in the neighborhoods and cities in which it builds and works to promote activities for the public good.

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