EngelInvest Urban Renewal
Urban Renewal: Tama 38/2 and Pinui-Binui
EngelInvest Urban Renewal
EngelInvest Urban Renewal
About EngelInvest Urban Renewal
EngelInvest Urban Renewal is an initiation company that was founded in 2009 as part of the EngelInvest Group, which was founded by the entrepreneur and businessman Jacob Engel. 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 for only about a decade, is demonstrated by the extensive scope of its current operations, with around 40 projects throughout Israel, 12 of which are already populated. Most of the company’s projects are built in cities in central Israel such as Tel Aviv, Ramat Gan, Givatayim, Ramat HaSharon, Herzliya, Bat Yam and Jerusalem.
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.
The operations of EngelInvest Urban Renewal are outlined by its CEO, Marat Yudelevitz, alongside whom works its BizDev Director, Ofer Engel. 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 projects in the Tama 38/2 track this year, and these projects would join more than 15 projects that the company has been executing thus far (of which 12 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. In order to facilitate the projects, the company employs first-class engineers and contractors, all with extensive experience and know-how.
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 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.
Tama 38/2 Project on 102-104 Karnizi St., Ramat Gan (The Karnizi Twins) – this project includes the demolition of two old 3-storey buildings with 32 apartments and the construction of two new 10-storey buildings with 85 new apartments. The project is under construction. The apartment mix is diverse with 2-,3-,4- and 5-room apartments alongside particularly large penthouses and garden apartments.
Pinui-Binui Project, Kiryat HaYovel, 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 45 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 580 new apartments, as well as a commerce floor and offices floors, would be built in their place.
Facts & Numbers
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