Asia Cyrus – Development and Initiation Ltd.
Real Estate, Development and Construction
About Asia Cyrus – Development and Initiation Ltd.
Asia Cyrus is a real estate developer which was founded in 2005 by Avi Tam, Shahar Kahlon and Doron Atia. The three founders, who are childhood friends, arrive from the nightlife industry and operated, among others, the “Ben HaKramim” wedding venue. Over the years, they accumulated vast experience in the fields of development, real estate and lots. The company is a developer but also holds yielding properties such as the “Gaia” open wedding venue in Nes Ziona.
Initially, the company built 250 apartments in Mazkeret Batya, in two projects that were built on rezoned agricultural land. Another large project included the construction of 50 detached houses in Gedera. Ever since, the company continued to grow and evolve mainly when it identified Mehir LaMishtaken (government price-capped) opportunities.
The Breakthrough – the “Mehir LaMishtaken” Program
The major breakthrough of the company into the development field arrived with the “Mehir LaMishtaken” program. The company entered this program from its belief that it would be benefit both the developers and society. Asia Cyrus was one of the first companies to win such projects, with a project in Dimona with 194 units – 54 detached houses and the rest in high-density construction in 4-7-story buildings. The apartments population was fully completed about 6 month ago.
About a year ago, the company won a Mehir LaMishtaken project in Gan Yavne, where it is expected to build 314 apartments in 5-6-story buildings. Afterwards, the company also bought rights for 78 free-market apartments in Gan Yavne. Works are expected to start within two months. Simultaneously, the company won a public tender for the construction of 303 new apartments in Dimona, half as Mehir LaMishtaken apartments and half as free-market apartments. This project is under construction with expected completion in two years. In addition, the company owns a 12-dunam commerce building in Nes Ziona.
The company is in negotiations for acquiring land in Mazkeret Batya with a mixed-use commerce and residential purpose and also reviews an entry into the urban renewal segment. As of today, the company owns around 800 apartments, with the aim of doubling this figure in the framework of public tenders and private lands acquisitions for which it competes.
Bringing a New Spirit into the Industry
The company’s founder aim to bring a young and innovative spirit to the conservative construction industry, while achieving a higher than average level of residents satisfaction. The company’s motto is to never leave the apartments they built – until the resident is perfectly satisfied. The company works with first-class suppliers and service providers and emphasizes the optimal utilization of residential space in each of its projects, in order to provide privacy and quality of life for its residents.
High-Quality Construction with Strict Standards
Asia Cyrus’ projects are distinct in their in their high aesthetical level and the uncompromising construction quality. The company uses the best construction materials and advanced German equipment. Although the company builds Mehir LaMishtaken projects, it maintains a very high construction standard, which including particularly high ceilings, insulating glass in all of the apartment, 60-60 flooring, spacious lobbies, AAC blocks and more. The company applies green building principles – the lighting in its buildings is energy-saving and environmentally-friendly led lighting.
Tight Control and Supervision of Construction in the Worksites
Asia Cyrus buys raw materials such as aluminum, iron, floor and wall tiles directly, in order to save costs and offer more attractive apartment prices for its customers. On the other hand, this provides it with absolute control of the field operations and the quality of the materials that are used by its various contractors. The company’s managers visit the worksites daily and supervise the works to their finest details.
Excellent Payment Ethics
The company maintains very high payment ethics for its suppliers and execution contractors. This is expressed in the lowest prices that the company gets for the products and services it purchases for construction.
Devoted Customer Service
The company is highly transparent to its customers and its executives are available for them 24/7 including Saturdays and holidays. The customers can also contact the residents through dedicated apps and WhatsApp. The customers receive a fast and efficient response for their requests and needs.
Believing in Building the Periphery
Asia Cyrus greatly believes in building in Israel’s peripheral areas in light of the dwindling land reserves in Central Israel. The company believes that the future of real estate is in the south and north of Israel and that in order to achieve this the state must invest in infrastructure, education and transportation in these areas.
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