Canadian Development Ltd.

Canadian Development Ltd. is a construction development and execution company that specializes in locating land reserves in prime locations in the high-demand areas of central Israel. The company was founded in 2011 by the real estate entrepreneurs Eyal Raz and Hadar Aharon. These two have vast experience in construction development and execution – Eyal has been working as a contractor for more than 20 years and Hadar comes from a career in real estate marketing. The group specializes in building complexes of detached houses and residential towers with an especially high level of environmental development, and full cooperation with the authorities. The company is particularly dominant in the area of Petach Tikva and its surroundings but in recent years it has expanded its geographical footprint also to Ramat Gan, Rehovot and Rishon LeZion. Canadian Development’s mission is to work with its customer with transparency, integrity and reliability, including personal attention, a vision and financial strength

Urban Renewal

The company entered the urban renewal segment about a year ago, and has already signed 15 urban renewal transactions, most of which are Tama 38/2 (demolition and reconstruction) transactions and also Pinui-Binui transactions. All of the company’s projects are financed by Israel’s leading banks. Currently, the company is in various planning stages of several projects that include about 600 apartments in Petach Tikva and also about 200 apartments in Rishon LeZion, Rehovot and Ramat Gan.

Development, Execution and Supervision Under One Roof

Canadian Development is distinct in its comprehensive array of capabilities as a developer, constructor and supervisor under one roof. This combination of skills gives the company absolute control over the projects that it promotes, strict compliance with the schedules and construction at the highest quality standards. Canadian is a registered contractor and has many years of experience in construction works as an execution contractor for various companies and private individuals, from the construction of villas to high-rise towers that turned her into an expert in her field. Over the years, the company has built dozens of apartments, private homes and special buildings and this experience enables her to enter any public tender, complex and challenging as it may be. Another differentiator of the company is the fact that both of its owners stand before the residents throughout all of the process’ stages, from locating the land up to signing the contract. The experienced partners review every project in depth and accompany the residents throughout the entire journey until the delivery of the apartment’s key. This personal and close support provides peace of mind to the customers with the knowledge that the best professionals are entrusted with building their apartment. The company handles the entire development and construction process, from obtaining construction permits, through obtaining mortgages for the buyers and also product warranties from the contractors, responsibility for the post-construction checkup year and more.

Seeing the Customers as Partners

The company believes, first and foremost, in taking into account the resident’s needs devotedly, from the understanding that full cooperation and alignment of wishes and expectations would lead to the project’s success, whether if this is an urban renewal project, Tama 38 or Pinui-Binui. In its various projects, the company meticulously provides a warm and pleasant atmosphere of the highest level and full accessibility and availability to the customers. The company also highly emphasizes the internal and external aesthetics in the projects that it builds, which are characterized by upscale lobbies, finishes and paneling along with an attentive design of the apartments by an in-house interior designer.

Battery of Industry-Leading Professionals

Each of the company’s projects is accompanied by some of the best architects, interior designers and consultants in the market. Canadian meticulously adheres to strict procedures and a well-organized and thorough work process and is represented by the best lawyers, includes the law firm ERM and the firm of Meir Mizrahi that specializes in real estate taxation.

Notable Projects

49 Einstein St., Petach Tikva: Building a neighborhood commercial center in Kiryat Matalon, on an area of 1,000 sq.m., which would be held by the group as a yielding property. The center would include 2 commerce floors and a ground floor for various uses such as a bakery, café and post office. In planning.
10 Pines St., Petach Tikva: In this location, the company owns a public building with an area of 2,400 sq.m., which is currently fully rented-out. The company is now promoting a new development plan for this area, for the construction of an innovative and unique future project that would integrate the 3 floors of parking garages, a high-ceiling commerce floor and 7 residential floors. The building would cover an area of about 3 dunams and would also include 77 affordable housing apartments for rent.
Villa Place, Neve Gan, Petach Tikva: Villa Place is an upscale complex in Neve Gan with about 85 detached houses. Villa Place is considered to be Canadian’s flagship project, and the company initiated, built and supervised this project while using the best construction materials in order to meet the high standards, alongside with uncompromising reliability. The villas in this project were delivered and populated. The company acquired the last plot in this complex and it is being marketed.
Rosmery Tower, Petach Tikva: Another project of the company in the neighborhood of Neve Gan. In the framework of this project, the company built an exclusive residential tower with 17 stories at especially high standards and with a modern contemporary design. The project’s residents benefit from a breathtaking view, open spaces and spacious apartments. The building was built to extremely high standards apartments with emphasis on the public spaces, the high-ceiling lobby, the custom-imported bamboo panels, the interior doors that were designed especially for the project, the gym and more. The project was delivered and populated successfully and is considered to be one of the most sought-after buildings in the neighborhood.