Ofek Shely

Ofek Shelly Ltd. is a leading real estate developer and constructor with about 20 years of extensive experience. It is considered to be one of the industry’s leaders and is distinct in its meticulous construction quality, some of the highest finishing levels in the market, unique and diverse specs and particularly spacious apartments.
The company was founded in 2000 as an execution company for various developers in the fields of residential, commercial and offices construction. Over the past few years, the company also started self-initiated projects, and the field of evacuation and construction – urban renewal. The combination of these capabilities, execution and development, assures the company’s customers that its representatives would accompany them across the entire process, from planning and sales, through construction in the field and up to the finishing level, the delivery of the keys and the comprehensive post-construction checkups that would be carried out to their full satisfaction.

Investments in the Human Capital and in Advanced Equipment

The company benefits from a unique infrastructure of high-quality manpower and advanced equipment which enable it to execute large-scale projects, in a high level of quality and within shorter timeframes than is customary in the industry. The company’s staff includes employees from diverse fields who have been selected by the company with great care. Furthermore, the company has a large logistics center and engineering equipment including modern cranes, Baranovitz molds and other infrastructures. The company has a C5 (unlimited) contractor classification and it accumulated advanced engineering and technological knowledge which enables it to handle special and complex projects through its highly experienced executive and professional team which includes engineers, work managers and efficient administrative support.

Financial Strength and The Company’s Executive Management

In early 2019, 50% of the company’s shares were sold to the American businessman David Ben Zaken. Ben Zaken has strong financial capabilities and the change in the shareholders composition is therefore very important for strengthening the company’s capital structure and for its future growth. One of the prominent changes following the acquisition was transferring the company’s control and management to Mr. Ra’anan Halili who has been surehandedly leading it towards meeting its goals since he was appointed as its exclusive CEO.

Main Customers and Areas of Operation

The company is active in residential, commerce and offices development and construction:

Residential Construction: The Company has built thousands of apartments throughout Israel for the largest companies in the industry, as well as in self-initiation.

Commerce and Offices Construction: The company has longstanding experience in constructing complex projects for the private and public sectors, including government institutes, local authorities and NGOs. The company built the Oshiland Mall and Oshira office complexes A and B in Kfar Saba for Oshira Ltd. of the Sami Katzav Group, residential projects for associations of the Israel Police and the Ministry of Defense, Projects for Amigur and The Jewish Agency, sheltered rooms in Gaza Envelope Area, Cinema City in Be’er Sheva and also daycare centers, schools, culture centers, learning centers, banks and synagogues throughout Israel. The company gained a reputation due to its capabilities, in part due to upholding complex engineering goals and challenging schedules. During 2021-2022 the company delivered two office and commerce complexes that include boutique buildings and an underground parking lot at the Magresa complex in Mevaseret Zion to the entrepreneurs Ofer Aharon and Y.D. Barazani. In addition, it completed work for the construction of a waste sorting facility at the Dudaim site for Bnei Shimon local authority.

Execution Projects: Oshira, Kfar Saba: offices construction; Kiryat HaSharon, Netanya: construction of 64 apartments including a commerce floor for an acquisition group; A residence and commerce project, Ashdod, for Ganei Tal partnership, the project includes 146 residential units, commerce and employment spaces and underground parking; Residential project, Makor Hayim – Jerusalem, for entrepreneur Makor Hayim real estate Ltd, the project will include 52 residential units, Residential project for the army’s administrative division, Neot HaPrachim Foundation, Or Akiva, the project will include 135 residential units; Residential project, Top View, Beit Shemesh, construction of 358 residential units for A.S. Yagal Entrepreneurship and construction Ltd.; An office project upon 45,000 sq.m., in Beer Sheva, for Mishkan and Binyan Porat S.G.I.A Ltd. .; residential project, Mevaseret, for entrepreneur Mitzpe Harel Ltd., the project will include 186 residential units; residential project, Mevaseret, for entrepreneur Mevaseret Ltd., the project will include 173 residential units.

Self-Initiated Projects: Residential project, section 5 Beer Sheva – construction of 92 residential units, 100% of the project has been sold; Residential project, Karmit (Meitar) – 34 detached houses, under construction; Mizpe Ramon: construction of 76 apartments and detached houses; Ashkelon, HaMitnahalim: a mixed project of Mehir LaMishtaken (28 apartments) and free-market (12 apartments); Residential and Commerce Project, Ofakim: a mixed project of Mehir LaMishtaken (39 apartments) and free-market (7 apartments), as well as commerce spaces; residential project in Arad, 64 residential units; 9 Zel HaGivaa, Ramat Gan – construction of 11 residential units; residential project, 12 HaHula, Ramat Gan, construction of 82 residential units; Maar Ashdod - construction of 116 residential units; Residential project, Netivot, Shir Tower – a mixed project of Mehir LaMishtaken (48 apartments) and free-market (120 apartments), in construction stages; Residential project, HaYeled Boulevard, Ramat Gan, 111 free market apartments; Residential project, 11 Zel HaGivaa, Ramat Gan. . Dimona – a combined project of Mehir LaMishtaken of 342 residential units, half of which are intended for sale for Mehir LaMishtaken and half for the free market; a project in Rehovot, intended for assisted living, the company is in advanced process to change the urban building scheme; a project in Beer Sheva, Rothchild, the project will include 192 residential units and 4000 sq.m. for commerce; a project in Beit Shemesh, currently intended for residence and commerce, and the company is in a process to change the urban building scheme to 126 residential units and 3000 sq.m. for commerce; ; Residential project, HaBrigada HaYahudit – Herzliya, 36 residential units intended for the free market.

Projects in 50% Partnership with I.B.S.D. Asset Management Ltd.: Residential project, Bet Shemesh, Neve Shamir - a mixed project of Mehir LaMishtaken (50%) and free-market (50%) for the construction of 358 residential units, the project is under construction, 100% of the project has been sold; Residential project, Nes Ziona, 28 detached residential units; HaEtzbaot neighborhood, Ramot, Beet Sheva, a mixed project of Mehir LaMishtaken, total of 220 residential units, 102 apartments intended for Mehir LaMishtaken and 118 units intended for the free-market; Residential project in Kiryat Ono, 123 residential units and 2400 sq.m. for commerce; Residential project Neve Or in Beer Sheva, total construction of 396 units. A project in Petah Tikva that includes 30 residential units is in process for an urban building scheme change; a project in Bat Yam, Park HaYam, which includes 206 residential units, is towards receiving a permit; Ramot neighborhood in Beer Sheva – a Mehir LaMishtaken combined project, construction of a total of 316 residential units, 190 residential units intended for Mehir LaMishtaken and 126 units intended for the free market.