Africa Urban Renewal Ltd.

The Company specializes in initiating, developing, managing and executing residential urban renewal projects. The company currently focuses on large-scale activity in Vacate & Build (pinui-binui) projects

Africa Urban Renewal Ltd.
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Company's Profile

Established: 2001
Line of Business: The Company specializes in initiating, developing, managing and executing residential urban renewal projects. The company currently focuses on large-scale activity in Vacate & Build (pinui-binui) projects
Address: 1A Yoni Netanyahu St., Or Yehuda
Phone: 972-3-7909285 | *8481 
Fax: 972-3-5383998
Email: [email protected]
Website: http://www.africa-ur.co.il
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Company Executives

  • Micha  Klein, Africa Israel Residences Ltd.

    Micha Klein

    Chairperson

    Africa Israel Residences Ltd.

  • Assaf  Simon, Africa Urban Renewal Ltd.

    Assaf Simon

    CEO

    Africa Urban Renewal Ltd.

    View Profile

    Assaf Simon

Senior Executives

    Haim David VP Engineering
    Na’ama Gavra Company Architect
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About Africa Urban Renewal Ltd.

Africa Urban Renewal, a subsidiary of Africa Israel Residences, is an urban renewal leader owing to its vast experience and professional knowledge in a wide range of fields: financing, licensing, engineering and construction, in addition to extensive financial resources and quality human capital.
The company also has a resident service department that personally accompanies project residents from the outset up until actual occupancy.

As customers of a public company subsidiary, apartment owners enjoy full transparency and reliability and as much information as possible about the project’s progress. For Africa Urban Renewal these values are the cornerstone of the success of every one of its urban renewal projects.

Africa Urban Renewal is currently advancing more than 40 projects, among them in Netanya, Herzliya, Haifa, Jerusalem Ramat Gan, Givatayim, Tel Aviv and Beer Sheva. In recent years the company has focused extensively on pinui-binui throughout the country.
The company’s extensive experience and wide-ranging financial abilities enable it to rapidly advance its projects.

The scope of the company’s projects currently under execution is among the largest in Israel. The company is proud of the successful completion and occupancy of 10 projects to date in Ramat Gan and Givatayim, while simultaneously carrying out 9 additional projects, one of them, with about 390 residential units, is the first pinui-binui project in Netanya.
Additional projects were added to the host of projects under execution in the past year, among them the first pinui-binui project in the Katamonim neighborhood in Jerusalem.

Assaf Simon, Africa Urban Renewal CEO, served in several management positions in Africa Israel Residences, and in his last position was the company’s CFO.

Financial soundness and reputation - as a subsidiary of Africa Israel Residences, a large and well-known public company and among the companies with the highest financial soundness in the real estate sector, Africa Urban Renewal enjoys a strong reputation that enables direct and comprehensive access to financial institutions for bank accompaniment, a key guarantee for projects of this kind.

Residents at the Center

The residents are at the center and core of the company’s activity, as full partners to the renewal project. Africa Urban Renewal’s business strategy strives to provide maximum confidence to its end-customers, achieved among other things by a strong service orientation and by meticulously meeting the project timetables to which it commits. The company places the utmost importance on providing personal service to its customers, which is why it established a resident service department that serves the hundreds of apartment owners who have already evacuated their apartments. The department is highly accessible and provides a comprehensive response, from the initial agreement through occupancy.

Contribution to the Community

For Africa Urban Renewal, community involvement and cultivation are an integral part of its ongoing activity and it invests in volunteer undertakings in the community. As part of this volunteer-community activity the company organizes volunteer days, for example with its employees renovating apartments in old buildings that have not yet undergone urban renewal.

Select Projects

Africa Urban Renewal’s business activity has experienced significant growth. Everyone is invited to the company’s sales office in Ramat Gan which is currently marketing about 10 projects in the center of the country. This includes projects on HaPodim, Hatzor and Anne Frank streets in Ramat Gan, KKL, Patai and HaMa’ayan streets in Givatayim and Bloch street in Tel Aviv. The company also opened a sales center in Jerusalem with the upcoming start of several projects, including the Savyoney New Katamon project (San Martin Street).

Savyoney Ha’ir Brand

As parts of its rights in the projects it executes, Africa Urban Renewal markets the remaining apartments it builds to the general public through the Savyoney Ha’ir Brand.

Savyoney Ha’ir is an extension of the premium Savyonim brand which has accompanied the parent company, Africa Israel Residences, since its founding. The aim is to build vital and dynamic neighborhoods that have expansive public spaces, are meticulously planned and provide a high-quality community residential experience with access to community services within walking distance, a green park, a safe space for children and much more. The Savyonim brand represents a badge of quality for the customers and is a source of inspiration for development of the urban renewal projects.

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Facts & Numbers

Total Projects 22

Total Projects

22

Total Projects 8 before building permit

Total Projects

8

before building permit

Total Projects 8 after building permit

Total Projects

8

after building permit

Total Projects 6 Populated in 2018

Total Projects

6

Populated in 2018

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