Shatit Ltd.

Shatit Ltd., a privately held company, is one of the leading real estate companies in Israel. The company was founded in 1988 by Mr. Shalom Shitrit, who is the CEO. Shatit specializes in development and execution of real estate projects intended for residence, commerce, offices and hotels, and is in charge of projects, nationwide, valued at NIS5.5 billion. The company’s financial turnover is estimated at NIS1.5 billion. The company’s equity is approx. NIS550 million. The company’s advantage stems from the fact that it is in charge of the development, the planning and the execution of its various projects. The company accompanies its customers while providing continuous, professional service, as of the purchase and until the finalization of the project and delivery. The company has a broad range of unlimited contractor classifications for construction, development, and bridges, and adheres to the strictest standards of construction quality. Over the last decade, the group built 600 projects nationwide, for over 5,500 customers.

Financial Stability

Shatit is renowned for its stability, credibility, integrity, financial fortitude and uncompromising quality, which is based upon many years of experience and professionalism. The company built thousands of residential units and offices and is currently planning and executing construction of thousands of residential units, offices and commercial buildings across Israel.

Company Vision

Since its establishment, the company has been a model for a growing, stable and profitable company, while nurturing values of service, excellence and innovation, nurturing its employees and being a home and a source of pride for them. Thus, the company has been able to fulfill its goal of being one of Israel’s leading construction and development companies. The company has been able to hire a skilled, experienced and highly professional staff that is the most important asset for the company’s management.

The company’s team includes engineers, construction teams and management head office - all committed to providing customers with an overall professional service experience.

Urban Renewal

The company specializes in urban renewal and is constructing dozens of various projects, both Tama 38 projects, and pinui-binui projects. Shatit is currently constructing and planning 35 additional urban renewal projects and has so far populated approx. 600 residential units in various projects in this category.

Select Projects in Marketing

• Nof Yam - The New Neot Peres, Haifa – A new neighborhood which is built in Haifa’s southern entrance, near the beach and the Carmel view. The project includes 840 residential units in 24 boutique buildings and towers. Construction has begun.
• TRE - The entrance to Haifa – Haifa’s sole mixed-use project, which includes an advanced residence, office and commerce complex in 3 towers. The project was designed by Prof. Gabi Schwatrz of “Schwatrz Besnosoff Architects”. Construction has begun.
• Shatit in the Boulevard - Afeka, Kiryat Bialik – A constantly evolving neighborhood which attracts young families. The project includes 250 residential units in 4 buildings. Construction has begun.
• Pisgat Gal - Pisgat Zeev, Jerusalem – The project includes 155 residential units in 5 buildings and a public park that will be a green space at the heart of the neighborhood. Construction has begun.
• Ramat Dekel - Ramot Remez, Haifa – The project includes 72 residential units in one tower. Construction has begun (urban renewal).
• Yam Eden - Western Carmel, Haifa – The project includes 105 residential units in 2 buildings.
• Ramat Nati, Pisgat Ramot, Beer Sheva – The project includes 174 residential units in 11 buildings.

Select Projects in Advanced Planning

• Ramat Nati - Pisgat Ramot, Beer Sheva – The project will include 174 residential units in 11 boutique buildings.
• Hoofien St., Ramat Aviv, Tel Aviv – The project will include 140 residential units in 3 towers (urban renewal).
• Rehovot, Kiryat Hahagana – The project will include 106 residential units in one tower.
• Shatit Mul Tavor, Nof HaGalil – The project will include 330 residential units in 3 towers and a commercial center.
• HaEla Complex, Tirat HaCarmel – The project will include 555 residential units in 5 towers (urban renewal).
• Shvil HaGefen, Kiryat Motzkin – The project will include 311 residential units in 4 spectacular buildings, in particularly high standards of planning and design, and will include office and commerce floors, in addition to residence.

Shatit Group’s Hotel Division

M.M.S. Boutique Hotels Ltd. – Shatit Group’s hotels division, which specializes in developing, building and managing hotels.

The company currently owns:

• Kedem B Boutique Hotel, Carmel Forest Slopes – A wellness and spa boutique hotel located in the lower parts of the Carmel Forest. The hotel includes 60 designed rooms, suites, conference rooms, a conference hall, a spa and a natural health center, an external pool, and more. The hotel was built in a NIS50 million investment. Kedem hotel began its operations in June 2019.
• Villa Carmel Boutique Hotel, Haifa – Ideally located at the center of Mount Carmel, in Haifa, close to the auditorium and the city’s best leisure areas near shopping centers, and the Zoo. This hotel is ranked as one of Israel’s top ten boutique hotels. The hotel has remarkable rooms that are meticulously designed, as well as a spa and a restaurant.
• A Hotel with a unique concept, Kiryat Motzkin – The company is building in Kiryat Motzkin a unique hotel which is tailored to suit families and will include 120 rooms upon 35 dunams, including green spaces, a pool and a spa. Near the Hai Park. 

All simulations simulated for illustrative purposes only. E&OE