EngelInvest Urban Renewal

EngelInvest Urban Renewal is an initiation and execution company that was founded in 2009 as part of the EngelInvest Group, which was founded by the entrepreneur and businessman Jacob Engel and in cooperation with Bank Leumi and Shamrock Israel Growth Fund (heirs of the Disney family). The company is considered to be a leading company in the field of urban renewal in Israel, and it focuses on Tama 38/2 and Pinui-Binui projects. The company is headed by its CEO, Marat Yudelevitz, and its BizDev Director is Ofer Engel the group’s founder’s son.

The impressive success of the company, which has been operating in this field since 2008, is demonstrated by the extensive scope of its current operations, with around 40 projects throughout Israel, 15 of which are already populated. Most of the company’s projects are built in high demand areas in cities  such as Tel Aviv, Ramat Gan, Givatayim, Ramat HaSharon, Herzliya and Jerusalem.

International Reputation

The EngelInvest Group, under which the company is operating, was founded by Jacob Engel, who has about 40 years of experience, and whose career started in construction and development and spanned the construction of thousands of apartments throughout Israel. Over the years, his work evolved, and he initiated the construction of tens of thousands of apartments in Israel and abroad, mainly in the developing countries of Eastern Europe, such as Poland, Hungary, Romania and the Czech Republic. The company has extensive reputation as a development and construction company.

Executive Management

The operations of EngelInvest Urban Renewal are outlined by its CEO, Marat Yudelevitz, and alongside him are the BizDev Director, Ofer Engel and Bank Leumi. Marat   has a B.A., Management and Economics from the Open University, and has been the company’s CEO since it was founded. Earlier he managed the group’s operations in Eastern Europe. Yudelevitz arrived to the group from a contracting company that he founded and managed. The company’s VP, Ofer Engel, Jacob Engel’s son, gained experience in all of its field positioned before progressing to the BizDev Director position. Over the years, Ofer promoted the urban renewal operations in the company alongside Yudelevitz. One of the company’s notable characteristics is the fact that its executive team continues and has been working in it from the day it was founded.

Expertise in Building Large Complexes

The company has a specific expertise in building large complexes, whether if in the Pinui Binui track or in the Tama 38/2 track. However, the company also takes single-building projects. The company’s preference for large complexes stems from its planning view that the wider the complex, the more comprehensive the construction and the access for vehicles and equipment becomes easier, and this enables the company to build while complying to strict schedules. In addition, the consideration that the residents receive in such complexes is, in most cases, broader than usual.

Quality Construction and High Standards

The company is starting the execution of 6 urban renewal projects this year, and these projects would join more than 15 projects that the company has been executing thus far (of which 15 were delivered). In all of the projects in which the company participates it puts a major emphasis on a high building standard from planning to the final execution of every project. The company has a high-classification execution company that carries out only the company's projects, therefore, the quality of execution is very high and there are no deviations in projects schedules .

Entering the Field of Pinui-Binui

The company recently entered the Pinui-Binui segment from the understanding that the execution of such projects is faster and the planning authorities prefer them. The economic feasibility of such projects is relatively high, as each project includes 200 apartments in average, compared to an average of only 30 apartments in equivalent Tama 38 projects.

Financial Stability – Offering Customers with Peace of Mind

The company benefits from the strong financial foundations of its parent group, The EngleInvest Group, Bank Leumi and the american Shamrock Israel Growth Fund and is thus able to plan and build dozens of projects simultaneously. The financial strength enables the company to construct within the pre-set schedules, and this provides its residents and customers with peace of mind, knowing that they have someone to trust.

Prominent Projects

Miriam HaChashmonait, Tel Aviv – this project includes 2,4 and 6 Miriam HaChashmonait St. buildings will be demolished and 4 residential 8-9 stories buildings will replace them, with a total of 138 new residential units that will be added. This project will offer a diverse apartment mix: 2-5 rooms apartments alongside garden apartments and penthouses. In advanced stages of construction permits.

Pinui-Binui Project, Pesach Hevroni, Jerusalem – a project on 120 Pesach Hevroni St., where an existing 4-storey building with 27 apartments would be demolished and two new buildings with a total of about 100 apartments would be built in its place. The apartment mix would include 3-,4- and 5-room apartments as well as upscale penthouses and garden apartments.

Tama 38/2 project on 12 Weizmann St., Ramat HaSharon – a project in the quiet western neighborhoods where 19 existing apartments would be demolished and an upscale buildings with 43 apartments would be built.

Tama 38/2 on 20-22 Zahal St., Givatayim – a project at the heart of the Arlozorov neighborhood, where 2 existing buildings would be demolished and a prestigious 7-storey building with 20 apartments would be built.

Pinui-Binui on Harav Shauli St., Ashdod - A project where 160 existing apartments in old buildings in the city’s 5th quarter would be demolished, and 680 new apartments, as well as a commerce floor and offices floors, would be built in their place.