Cnaan Group Initiation and Urban Renewal Ltd.

The Cnaan Group is one of the pioneers of ”urban renewal” in Israel, which specializes in residential projects, promotion of “Urban Renewal-Pinui-Binui”(i.e. Demolition and Reconstruction) complexes and of “Tama 38” (Demolition and Reconstruction) projects. The company is ranked at the top tables of all “urban renewal” rankings, and has proven successes in the form of projects that were completed and populated, with attention for the unique needs of the residents/owners, who are full partners to the processes, and to the needs of the buyers of the new apartments. Cnaan is operating in numerous “Pinui-Binui” complexes in major Israeli cities, including Ramat Gan, Tel Aviv, Kiryat Uno, Givat Shmuel, Netanya, Ness Ziona and Jerusalem. Cnaan specializes in locating neighborhoods and buildings which are in need for “Pinui Binui” or “Tama 38”- Demolition and Reconstruction. Cnaan enjoys a growth momentum and is expected to market more than 1,000 new apartments (in a “Pinui-Binui” format) over the next year. Cnaan was founded by Eyal Handler, Meir Tal and Niv Rom, who are involved in the projects’ planning and promotion from their vision to create a modern high-quality residential environment, while adhering to the strictest standards of technological and design innovativeness in the planning and execution, while maintaining personal connection with the partners and customers. The extensive knowledge and experience that Cnaan accumulated in this area create the added value from which the apartment owners/partners and customers benefits from.

Experience, Expertise and Professionalism

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

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.

Prominent Projects

“Pinui-Binui” Projects

Levi Eshkol South, Kiryat Ono: The eviction of 232 apartments and the construction of 745 new apartments and commerce area.

Neve Yehoshua, Ramat Gan: The eviction of 96 apartments and the construction of 370 new ones.

Negba, Ramat Gan: The eviction of 38 apartments and 13 stores, and the construction of about 150 new apartments in two towers.

The Market Complex, Nes Ziona: The eviction of 100 properties and the construction of 460 new apartments and a commercial area.

Netanya, G.SH.SH. Complex: The eviction of 100 apartments and the construction of about 306 new apartments in three towers.

Giora Complex, Givat Shmuel: The eviction of 555 apartments. The zoning plan is in the approval stages in the National Planning and Zoning Commission for Preferred Residential Complexes.

Tama 38 Projects

Touch, Ramat Gan: In cooperation with Maribu (1994) Ltd. The project, which is located near the Ramat Gan National Park, was marketed and populated.

“Masaryk Corner”, Masaryk Square, Tel Aviv: A unique project with 16 upscale boutique apartments and a commercial area.

12 Rabin Ramat Gan: A new building with 28 apartments in a high-quality area.

19 HaMavdil, Ramat Gan: A new building with 32 apartments, in a quiet street at the heart of Ramat Gan.

HaTsanhanim, Tel Aviv: A boutique project with 52 apartments in the renewing Neve Sharet neighborhood.

75 Jerusalem Av., Ramat Gan: A unique building at the heart of Ramat Gan with 56 apartments.

Projects Under Construction & in Population

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. Populated.

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 Tikva: A project with 72 apartments.

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-storey 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 in 3 buildings. Pending Occupation Permit and population.

1 HaPnina Ra’anana: A project with 49 apartments. Construction started recently.

Ownership

Mr. Eyal Handler, Chairman of the Cnaan Group: 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 about two decades, of which 14 years as a partner in “Deloitte”, one of the Big Four firms in the world, and served as the CEO of a publicly-traded promotion and construction company. Eyal has over a decade of experience in the constructions and in the real estate industry. He has been serving as a director in several business entities and NGOs.

Mr. Meir Tal, CEO of the Cnaan Group: Meir has over 23 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 entrepreneur, he establishedamong others “urban renewal” complexes and led the planning and the marketing of several urban building schemes in a high demand areas.

Mr. Niv Rom, CEO of Cnaan Urban Renewal Ltd.: Niv 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 the Cnaan Group with his Partners, Eyal Handler and Meir Tal.