Matzlawi Construction Co. Ltd.

Since its establishment in 1977, Matzlawi Construction Ltd. has led, innovated, and set standards in Israel’s construction and real estate industry. Matzlawi is considered the pioneer of urban renewal in Israel and is one of the few companies that initiated, promoted, built, and successfully completed Pinuy Binuy projects. Having the ability to be both a development and an executive company with a high contractor classification is Matzlawi’s uniqueness and advantage. This combination enables it to control all aspects of the project, stay in touch with customers, and guide them through the entire process. Matzlawi maintains its commitment to quality by employing the best professionals, including engineers, architects, and project managers, and by using the best raw and finishing materials. Matzlawi is a public company with a solid financial position that has won investors’ trust since its listing on the Tel Aviv Stock Exchange in 2007.

The Company’s Main Areas of Activity

Initiation of Construction
Identifying real estate, purchasing (in cash or in combination transaction), initiating, planning, constructing, and marketing of residential projects.
Urban Renewal (Pinuy Binuy and NOP 38)
Matzlawi is the first in Israel to initiate and complete notable Pinuy Binuy projects (Kiryat Ono, Kfar Saba, and Yehud). Since the announcement of the Ministry of Housing’s urban renewal policy, Matzlawi has promoted and continues to promote approximately 4,000 housing units at various stages of planning and construction - “Ono Prime” and “HaRimon” in Kiryat Ono, and the company’s signature project - the “Ayalon Quarter” project on Yoseftal street in Bat Yam.
Yielding Assets
Matzlawi owns and manages income-generating properties primarily dedicated to commerce and offices - projects designated for employment, high-tech industry, and commercial centers initiated and constructed by the company with a total area of approximately 9,000 square meters. In 2014, the company completed the construction of a large and luxurious country club in Kiryat Ono under a BOT agreement with the municipality of Kiryat Ono. The complex includes a country club, commercial areas, therapy rooms, offices, and the farmers market, “Ono Market” (the company’s share in the project is 50%). Recently, the company was awarded the country club’s operation in Yehud - Monoson, also using the BOT method.
Project Execution
Matzlawi is also a contracting company that carries out its own projects. It owns cranes, mechanical engineering equipment, concrete pumps, trucks, and scaffolding. Previously, Matzlawi executed projects for development companies, including Africa Megurim and Azorim.

Prominent Projects in Planning and under Construction

• “Ayalon Quarter” in Bat Yam - One of the most significant Pinuy Binuy projects in Israel, approximately 1,078 housing units, and approximately 25,000 square meters of commercial and office space covering a massive parcel of land in front of the Bat Yam Mall, close to the train station and the Ayalon routes. The construction of phase A of the project (about 576 housing units and about 12,000 square meters of employment and commerce) started in July 2021. The project is performed as a joint venture with Nitsba (the company’s share is 50%).
• Rothschild, Herzel and Libskind in Bat Yam - The project’s city outline plan was approved by the district committee, and it is in the final planning stages for obtaining permits. As part of the project, 163 housing units located across 12 buildings, some of which are defined as “ hazardous”, will be demolished, and 560 housing units, lodging areas, and commercial areas will be built in their place. ICR joined the project in July 2021 as an equal 50% partner.
• “HaRimon” Kiryat Ono - A Pinuy Binuy project that includes the demolition of 32 housing units and the construction of 108 housing units in 2 boutique buildings. Construction began in May 2022.
• Country Club in Yehud - Monoson - The company won the municipality’s tender for constructing a country club complex, using the BOT method. The complex will include about 12,000 square meters devoted to the sports club, about 1,200 square meters dedicated to commerce, and about 3,100 square meters allocated to employment areas and kindergartens. The scope of the investment is about NIS 65 million.
• Bat Yam Municipality Complex - Construction of an urban mixed-use complex that includes 15,000 square meters of municipal offices, 25,000 square meters of employment areas, 1,700 square meters of commercial space, and about 150 housing units (the company’s share is 50%).
• HaKozari, Herzliya - A Pinuy Binuy project, that includes the demolition of 66 housing units across 3 buildings and the construction of 204 housing units spread across 6 buildings of 7–9 floors each. The project is executed in collaboration with Africa Urban Renewal (the company’s share is 50%).
• 9-11 Osishkin, Ramat HaSharon - NOP 38/2, evacuation and demolition of 30 housing units and 14 commercial units and construction of 86 housing units and 17 commercial units. The project is in the planning stage, and approval by the committee is pending.
• 17 Shivtei Israel, Tel Aviv - NOP 38/2, evacuation and demolition of 22 housing units and 8 commercial units and construction of 52 housing units and 8 commercial units. The project is in the planning stage, and approval by the committee is pending.
• 15 Yesod Hamaale, Hod Hasharon - NOP 38/2, evacuation and demolition of 14 housing units and construction of 39 housing units. The project was approved by the local committee to be granted a permit.
• Lochamei Sinai - HaRoeh, Ramat Gan - A Pinuy Binuy project that includes the demolition of 27 housing units and 3 commercial units across 3 buildings and the construction of 76 housing units and 3 commercial units across 2 Buildings. The project is in the planning stage, preparing a city outline plan for approval.
• Simtat HaVradim, Bat Yam - NOP 38/2, eviction and demolition of a complex of 3 buildings, including 48 housing units, and construction of 135 housing units across 3 new buildings. The project is in the planning stage, and approval by the committee is pending.
• Moshe Sne, Bat Yam - A Pinuy Binuy project, that includes the demolition of 120 housing units and 5 commercial units across 3 buildings and the construction of 360 housing units and 3 commercial units spread across 6 buildings. The project is in the planning stage, and approval by the committee is pending.

Completed and Populated Projects

• ONO PRIME Kiryat Ono - A Pinuy Binuy project in Kiryat Ono (Shaul HaMelech St.) The project includes the eviction of 92 housing units, construction of 393 housing units, and the addition of 27 housing units to the HaKalanit building, which was reinforced as part of NOP 38/1.
• Elite Tower - Ramat Gan Elite Towers - A luxury residential tower 30 stories high (populated) Phase B Construction of another mixed-use tower - in the planning stages.
• MY project in Yehud Monoson - Construction of 4 luxury buildings with a scope of 168 housing units and a commercial floor in the center of Yehud, the former “Ashkenazi Market”.
• Green Ono - Kiryat Ono - A Pinuy Binuy project, that includes the demolition of 168 housing units across 10 buildings spanning an area of 27 dunams, and the construction of 532 new housing units across 11 residential buildings.
• Kfar Saba - EMERALD TOWER - Eviction of 40 housing units. Construction of 120 housing units across 3 buildings.