Cnaan Group Initiation and Urban Renewal Ltd.

Cnaan Group (“Cnaan”) is one of the pioneers of ”Urban Renewal” in Israel. Cnaan specializes in residential projects, promotion of “Urban Renewal Pinui-Binui” complexes, and “Tama 38” (Demolition and Reconstruction) projects. Cnaan is ranked at the top of “Urban Renewal” rankings and has proven success in completed and populated projects around Israel. Cnaan takes into consideration the unique needs of residents and owners, who are full partners of all processes, and the needs of the buyers of new apartments in those complexes. Cnaan operates in numerous “Pinui-Binui” complexes in Israel’s metropolitan areas, including Ramat Gan, Tel Aviv, Kiryat Uno, Givat Shmuel, Netanya, Ness Ziona, Petah Tikva and Jerusalem. Cnaan specializes in locating neighborhoods and buildings which are in need of “Pinui Binui” or “Tama 38”. The group is at the hight of marketing and constructing the ‘Alma’ project in Kiryat Ono, which includes 765 apartments and approximately 5,000 square meters of commercial and office space. Additionally, in the coming year, they plan to launch another marketing phase for approximately 500 apartments as part of an urban renewal (evacuation-reconstruction) scheme. Cnaan was founded by Eyal Handler, Meir Tal, and Niv Rom (the “Founders”). The Founders are actively involved in the projects’ life cycle in order to create a modern high-quality residential environment while adhering to the strictest standards in the building industry. Cnaan’s extensive knowledge and experience in the above areas create the added value apartment owners, partners, and customers benefit from.

Experience, Expertise, and Professionalism

Cnaan’s vast experience, expertise, and professionalism are the key to its proven successes. Cnaan initiates quality projects in high-demand areas across the country. Cnaan carefully maintains the highest quality of materials, uncompromising design, smart work processes, meeting schedules and deadlines, and engages with the best architects, engineers, appraisers, execution contractors, lawyers and economists.

Environmental Quality

Cnaan integrates green building elements into its projects, such as energy-saving smart home systems, hydroponic gardens and more for the benefit of the residents.

“Pinui-Binui” Projects

Smart Towers, Ramat Gan: The eviction of 48 apartments, and the construction of around 168 new apartments across two 23 story buildings. The project was marketed and populated;
Levi Eshkol South, Kiryat Ono: The eviction of 232 apartments and the construction of 765 new apartments, commerce area and offices; The project is marketed. Construction has begun;
Neve Yehoshua, Ramat Gan: The eviction of 116 apartments and the construction of 330 new ones;
Negba, Ramat Gan: The eviction of 124 properties slated for demolition, and the construction of approximately 350 apartments and new commercial units across two towers;
The Market Complex, Nes Ziona: The eviction of 100 properties and the construction of 460 new apartments and a commercial area;
G.SH.SH. Complex, Netanya: The eviction of 100 apartments and the construction of around 350 new apartments across three buildings;
Giora Complex, Givat Shmuel: The eviction of 555 apartments. The zoning plan has been approved in the National Planning and Zoning Commission for Preferred Residential Complexes for the construction of about 1,600 housing units;
HaTsanhanim, Tel Aviv: A boutique project with 52 apartments in the renewing Neve Sharet neighborhood; The zoning plan has been approved, and the building permit application has been submitted;
Rabin, Alumim, HaRoeh Project, Ramat Gan: A new building with 130 apartments in a high-quality area;
‘Victory Complex’, Ramat Gan: a unique project in the heart of Ramat Gan with 200 apartments.

Tama 38 Projects

“Masaryk Corner”, Masaryk Square, Tel Aviv: A unique project with 16 upscale boutique apartments and a commercial area; The project was marketed and populated;
35 HaNeviim, Tel Aviv: a unique 14 boutique apartments project. Pending construction permits;
3 Breinin, Tel Aviv: 21 unique and specious apartments in the heart of Tel Aviv; the terms for building permit have been decided;
Touch, Ramat Gan: In cooperation with Maribu (1994) Ltd. The project is located near the Ramat Gan National Park and was marketed and populated.

Projects Pending Construction & Population

“Alma” Project, Kiryat Ono: 765 apartments and 5,000 sq.m. for commerce and offices. Under construction;
Haleom Residences - Jerusalem: A project with 125 apartments. Populated;
Srugim BaKirya, Kiryat Shmuel, Haifa: A project with 36 apartments in two buildings. Populated;
Srugim al HaPark, Neveh Gan, Petach Tiva: A project with 72 apartments. Populated;
Kedem Courtyards, Modi’in: A project with 87 apartments. Populated;
“Masaryk Corner”, Tel Aviv: An upscale boutique project with 16 apartments. Populated;
Smart Towers, Ramat Gan: Two 23-story towers with 168 apartments with a high finishing and design level and attentive planning, including smart apartments and public spaces that are based on advanced technologies. Pending Occupation Permit and population;
2 HaPnina, Ra’anana: A project with 52 apartments across three buildings. Pending Occupation Permit and population;
1 HaPnina, Ra’anana: A project with 49 apartments. Under construction;
Mishkenot Aharon - Revava Orchards: A unique neighborhood that includes 54 spacious houses with large gardens in the religious settlement “Revava”, with a view of Samaria, in cooperation with MashHav Ltd. The project was marketed and populated.

Ownership

Mr. Eyal Handler, Chairman of Cnaan, has a B.A. in Economics and Accounting, and an M.B.A. from the Hebrew University in Jerusalem. Eyal served as an owner and partner of an accounting firm for approximately two decades, of which 14 years as a partner in “Deloitte”, one of the Big Four firms in the world. Eyal also served as the CEO of a publicly traded promotion and construction company. Eyal has over a decade of experience in the construction and real estate industries. He has been serving as a director in several business entities and NGOs.

Mr. Meir Tal, CEO of Cnaan, has over 24 years of experience in real estate initiation, marketing, management and sales. Meir served as the marketing and development manager of large private companies in the real estate industry. In 2005 Meir served as VP, Marketing and Development of the Faire Fund of Shoval-Grofman Real Estate. Meir is a founder and partner of the real estate division of the Israeli Construction Center. In his capacity as an entrepreneur, he established among others “urban renewal” complexes and led the planning and the marketing of several urban building schemes in high-demand areas.

Mr. Niv Rom, CEO of Cnaan Urban Renewal Ltd., has a B.A., Business Administration and International Trade. He served as the marketing and sales manager of the Israel Construction Center’s Real Estate Group. In the framework of this role, he organized and produced the Israel Construction Center’s national apartment expo, annually wrote a book about purchasing an apartment and managed the Center’s marketing function. After retiring from this role, he founded Cnaan with his Partners, Eyal Handler and Meir Tal.