Rayk group

The Rayk Group is one of Israel’s leading real estate developers. The group currently promotes over 10,000 residential units at various stages of planning and construction. The group, which has been operating for over 25 years, is one of the first companies to start operating in urban renewal and has built its third NOP 38 project in the city of Tel Aviv. The Group specializes in planning and building residential projects in strategic sought-after locations throughout the country as well as in real estate development, yielding real estate, land betterment, and more. The group is Co-Owned by Yossi Rayk, its CEO, a third generation to a contractor family and the Aspen Group, which is traded on TASE and maintains thriving yielding real estate and hotels operations in Israel and Europe. The company holds urban redevelopment complexes throughout the country: Jerusalem, Haifa, Nesher, Tirat Carmel, Yehud, Bat Yam, Holon, and many urban renewal projects in Tel Aviv. Upon Aspen Group’s entrance, it has also started operating in the field of classic construction, with no less than 14 planned projects all over the country.

The Triangular Thread; Financial Resilience, ransparency, and Meeting Deadlines

The group holds an extremely high financial firmness, which enables it to deal with every project in any financial measure. The group’s work is performed with full transparency regarding the assets’ owners - starting from the initiation and up to the completion of the projects. Eventually, the group puts a strong focus on paying personal attention to the assets’ owners through all phases of the projects while insisting on meeting deadlines and uncompromisable standards.

Nationwide Projects

The group conducts many diverse projects in the Urban Renewal field, such as evacuation and reconstruction, NOP 38 projects, which are currently in different phases of planning and construction in central Tel-Aviv and more cities, including Ramat Gan, Petah-Tikva, Holon, Bat Yam, Jerusalem, Haifa, Tirat HaCarmel, etc. At the same time, it is promoting several new projects in Ramat Gan, Kiryat Ono, Rishon LeZion, Ashdod, and more. The group is responsible and takes care of every aspect of the projects, such as planning, engineering related, legal, operational, implementation related and social aspects as well. All that, while putting a strong focus on the tenants’ welfare. The result of the projects ensures the tenants financial enhancement of their assets by dozens of percents.

Yossi Rayk and Aspen Group, The Group’s Owner

Yossi Rayk had started his real estate activity back in 2000. In 2007 he started developing the urban renewal field, and nowadays he manages a group which deals with dozens of projects in different phases of planning, construction, and execution. Over the years, Yossi has founded and purchased many operational income-producing assets. Yossi commenced his business and management professional career while functioning as the CEO of “Mul-Hayam Mall” in Eilat and was the CEO of Ariel Group, which managed 8 shopping malls throughout the country. Aspen Group, which has been traded on TASE since 1992, holds thriving activities of yielding real estate and hotels on both Europe and Israel, with revenues of about NIS 5.5 billion.

The Company’s Departments

As a group which holds extensive construction experience, with many completed projects regarding urban renewal, the group’s vision is that the way to success lies in the tenants’ satisfaction. It envisions, first and foremost, the welfare of the residents, and does its best to provide them the best answers from the moment of signing to the point where their new apartments are being transferred to them. For the group to give its clients the best treatment, a customer retention department has been established, consisting of experienced professionals, whose goal is to accompany them throughout the process and provide them with their different needs. Additionally, the group accompanies the tenants throughout all phases of the project by the help of skilled and experienced professionals in more departments, such as a financial one, engineering related, legal, etc.

The RAYK Way of Living

As a leading initiation group, it has set a clear goal for itself: Upgrading the quality of life for various communities and apartments owners regarding the project it leads. This upgrade is expressed, among others, by environmental renewal and advanced planning, creating a flourishing community life, new foundations etc. One of the group’s main missions is creating a high-standard experience, residential and community environment for its clients. To complete this mission, it has hired the top-notch engineers, architects, interior designers and professionals in Israel.

High-Quality Construction with Above Average Execution and Finish Levels

The group insists on uncompromisable construction, high execution and finish levels, and rich specifications in co-owned and in private areas. It gets down to the smallest details so that the residential environment will be designed in the best manner, while insisting on functionality and comfort, interior esthetics, in the structures’ fronts and in the shared areas, quality and durability for many years, and a “user experience” that is no less than perfect.

Prominent Projects

New Projects: Ramat Gan, HaYeled Ave. - 112 apartments, employment and commercial areas, under construction; Lod, Anne Frank – 90 apartments, under construction; Rishon LeZion, “Rothschild Courtyard” – 80 apartments, permit pending; Kiryat Ono, Neot Ariel Sharon – 67 apartments, employment, and commercial areas, in planning stages; Bat Yam, Yoseftal Complex – 100 apartments, employment, and commercial areas (about 5,000 sq.m.), in planning stages; Be’er Sheva, Rothchild – 240 apartments, employment, and commercial areas (about 9,000 sq.m.), in planning stages; Ashdod, MUC (Main Urban Center) – 125 apartments, commercial, and employment areas (about 1,300 sq.m.), in planning stages; Dimona, East – 342 apartments, in planning stages.

Evacuation & Reconstruction Complexes: 49-55 Borochov St., Jerusalem: Evacuation & Reconstruction project, permit pending, consisted of about 185 residential units, employment, and commercial areas of about 300 sqm. Tirat HaCarmel: Evacuation and reconstruction project, currently in planning stages, which includes 1,284 residential units as well as employment and commercial areas, covering about 16,164 sq.m. The Park, Haifa: Evacuation and reconstruction project in the planning phase, consisted of 597 residential units, employment, and commercial area of about 1,380 sqm. Gadna, Haifa: Evacuation and reconstruction project in the planning phase, consisted of 933 residential units, employment, and commercial areas of about 9,775 sqm. Nof Yam, Haifa: Evacuation and reconstruction project in the planning phase, consisted of 550 residential units, employment, and commercial areas of about 4,430 sqm. Nesher: Evacuation and reconstruction project in the planning phase, consisted of 833 residential units, employment, and commercial areas of about 2,340 sqm. 67 HaNevi’im St., Bat Yam: Evacuation and reconstruction project in the planning phase, consisted of about 150 residential units. Eilat “Urim” Complex: Evacuation and reconstruction project in planning stages, about 1,500 residential units and commercial areas.

Urban renewal construction projects (NOP 38): 14 HaYarkon St., Tel-Aviv: Completed and populated. 81 Gordon St., Tel-Aviv: Completed and populated. 30 Gordon St., Tel Aviv: Completed and populated. 22 Yirmiyahu St., Tel-Aviv: Completed and populated. 5-7 Shualei Shimshon St., Ramat Gan: Completed and populated. 52 Ge’ulim St., Holon: Completed and populated. 7 Pochas St., Petah Tikva: A NOP 38 project. Completed and populated. 9 Pochas St., Petah-Tikva: Completed and populated. 23-25 Aharonovich St., Holon: Completed and populated. 17 Yehuda HaMacabi St., Tel Aviv: Under construction. 88 Nordau St., Tel-Aviv: Under construction. 27-29 Weizmann St., Tel-Aviv: Under construction. 5 Shiloh St., Tel-Aviv: Under construction. 11 Bilu St., Tel Aviv: Pre-committee decision. 9-11 Zohar St., Tel Aviv: After the committee’s decision. 56-58 Lohamei Galipoli St., Tel Aviv: After the committee’s decision. 45 Sharet St., Tel Aviv: After the committee’s decision. 33-39 Sokolov St.: In planning stages.