Almog Group

Almog Group is privately owned, with diverse operations in the real estate sector. The group’s main operations include the development and construction of residential projects, including managing an Urban Renewal division. In addition, the Group holds yielding properties and shopping centers in city centers, develops assisted-living projects, and operates another division of international development projects. Almog was established in 1986 by Izhak and Liora Amsalem and over the years became one of the industry leaders. Its great advantage derives from the fact that it serves as the initiator, the planner and the constructor of its various projects. Almog employs a large professional team that consists of experienced engineers, work managers, construction workers and administrators, who constantly move the company forward. The Urban Renewal division which was founded 14 years ago, has turned over the years, its operations in this field into a specialization, while promoting mega-projects in city centers, thus creating a real change in the urban texture of the older neighborhoods where it operates, these transform over time into modern residential complexes. The Urban Renewal division’s project portfolio contains about 15,000 residential units in 20 complexes that are currently in advanced stages of planning and licensing. The division relies on the professionalism and the longstanding experience of Almog Group as a development and construction company, and benefits from the financial strength and economic resilience, which provide property owners with full assurance of the project’s execution, construction, completion and the upgraded value of the entire area.
The numerous successful projects that the company built over the years and hundreds of returning costumers, serve as the Group professional business card and are the source of its pride. The firm’s customers benefit from close and continuous support from the purchasing stage and throughout the entire project and its completion, from the marketing and customer relations division, with the aim of creating a high-quality, modern, green and holistic residential environment for the buyers.

Urban Renewal

The Urban Renewal division - Is involved in 20 “Evacuate and Rebuild” projects nationwide: Tel Aviv-Jaffa, Haifa, Petach Tikva, Yavne, Bat-Yam, Holon, Beer Ya’akov, Netanya, Netivot, Ashkelon, Jerusalem, Migdal HaEmek, and Tirat HaCarmel. The projects are in an advanced execution, planning and permits stages. This division also specializes in locating and promoting “Master Plan 38” (“TAMA 38”) projects and is involved in more than 30 projects located in high-demand areas throughout Israel, including Tel Aviv-Jaffa, Ramat Gan, Herzliya, Ra’anana, Bat Yam and Giv’at Shmuel.

Rental Housing

In 2021, the group formed a partnership with Harel Group and establish a joint venture that would provide rental housing, “Rent 2 Stay”. The first project as part of this joint venture, Almog Yavne Project, is in advanced stages of construction, pending completion in 2025, and will include 157 housing units for a long term rental.

Prominet Projects

Residential Ventures
• Almog Carmel West (urban renewal) - 437 units.
• Almog Yavne (urban renewal) - 487 units.
• Almog, Shoham - 192 units.
• Almog HaHashmonaim, Modi’in - 120 units.
• HaRav Maimon, Bat Yam: 128 residential units + commercial areas ( urban renewal).
• Kaf-Tet B’November, Bat-Yam - 964 units + commerce
spaces and offices (urban renewal).
• Kehilat Canada, Tel-Aviv - 800 units + commerce spaces (urban renewal).
• HaMa’apilim, Holon: 155 residential units + commercial and office spaces (urban renewal).
• Herzl, Beer Yaakov - 1,880 units + commerce spaces (urban renewal).
• Galipoli, Tel Aviv - 72 units (urban renewal).
• Ashkelon - 90 units (reduced price).
Yielding Properties
• Almog Center Yad Eliyahu.
• Almog Center Modi’in.
• Almog Center Talmei Menashe.
• Almog Tower Beer Sheva - Residential complex -117 housing units.
• Assisted living home - Yavne - 420 units (in planning).
• Assisted living home Beer Sheva. 240 units (in planning).

New Opportunities

In the past two years, Almog Group has also been expanding into the hotels sector by acquiring land for building an urban hotel in Tel Aviv’s Montefiore neighborhood and land in Mizpe Ramon designated for the construction of a desert resort.

Corporate Responsibility

“Saving one soul is equal to saving an entire world”. For the past three decades, Almog Group has been supporting the community in various ways: adopting a group of soldiers with disabilities as part of the Gdolim BeMadim project, collaboration with the Israeli Cancer Association, the Association for the Wellbeing of Israel’s Soldiers, Ilan - the Israeli Foundation for Handicapped Children, the Snir Association and the Society for Promoting Education in Tel Aviv-Jaffa. The company’s spirit derives from a sense of belonging, responsibility and a great awareness to the importance of engagement in the Israeli society regularly and especially in the past few mounts after Oct. 7th. Almog Group has established an aid fund which assisted by sending packages, purchasing equipment and donations for the soldiers in the front lines, including Yahalom and Maglan combat units. The fund also helped the families of the wounded, the medical teams, the Hostages Headquarters, and the evacuated
families.