Shikun & Binui Real Estate

Locating and Acquiring Land in Israel, Planning, Design, Construction, Development, Improvement, Marketing, Leasing, and Rental

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Company's Profile

Established: 1933
Line of Business: Locating and Acquiring Land in Israel, Planning, Design, Construction, Development, Improvement, Marketing, Leasing, and Rental
Address: 1A Hayarden St., P.O.B. 1133, Airport City 7010000
Phone: 972-3-6300000
Fax: 972-3-6301595
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Company Executives

Leading Executives

    Eyal Lapidot CEO
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About Shikun & Binui Real Estate

Shikun & Binui Real Estate is the leading real estate company in Israel and the development arm of the Shikun & Binui Group in Israel. The Company has been operating for over 80 years, during which it has built over 200,000 residential units for over one million Israelis. Currently, 2,400 residential units are being constructed in 22 projects nationwide, as well as over 100,000 square meters of commercial spaces, rentable residences, and student dormitories.

The activities of Shikun & Binui Real Estate are carried out within the boundaries of the State of Israel and include mainly, the initiation of projects for residential construction designated for sale and lease, including the acquisition, planning, improvement, development, and sale of land owned by the Group. The Group’s activities include initiating projects for the construction of office buildings and industrial and commercial buildings for lease or sale purposes, and student dormitories.

Shikun & Binui Real Estate holds substantial reserves of land designated for the construction of over 10,000 residential units. The reserves also include “old” lands, the rights of which have been purchased or leased since the 1950s, and recently purchased lands. The Group aims to increase its urban renewal activities, mainly in highly demanded areas, and engages in the promotion of the construction of thousands of housing units in this field.

Shikun & Binui Real Estate is working with the relevant entities to change the zoning of the land or to change the Urban Planning Scheme (urban building plan) and to improve the land. It does so, inter alia, by increasing building rights, adapting the permitted uses, and changing the construction required by the Urban Planning Scheme.

In addition to residential construction, Shikun & Binui Real Estate also engages in the development and marketing of areas designated for offices, commerce, malls, leisure, industry, storage, student dormitories, parking lots and gas stations. The Group has gained considerable experience in the establishment and management of yielding properties such as the Ir Yamim shopping mall in Netanya, the “Design Plus” shopping center in Be’er Sheva, the Sha’ar HaTzafon mall (IKEA) in Kiryat Ata, and the BOT domitories project in Tel Aviv University (Einstein and HaBroshim complexes).

Shikun & Binui Real Estate’s projects are planned and built in accordance with the principles of sustainability adopted by the Shikun & Binui Group as a vision. The company’s buildings comply with the Israeli standard for Green building and some also meet the stringent international LEED and LEED GOLD.

Shikun & Binui Real Estate was selected as a “Superbrand” in the ranking of Superbrands 2018, received a “Platinum Plus” rating from “Ma’ale 2018” and was chosen as the leading residential real estate company in Israel according to the annual survey of Globes in June 2017.

Prominent Residential Construction

Givat Shmuel Dreams – a prestigious “green project” in South Ramat Hadar. The project includes three towers of 22 floors, and each tower has 106 housing units of various sizes – 3-6 rooms, mini penthouses, and huge penthouses.

Reserve Towers Dreams, Netanya – luxurious  project that is planned in perfect coordination with nature, on the first line to the sea and the Netanya Iris reservation. The three towers face the ocean and its reserve. The towers are connected to each other by avenues that allow residents to move from one building to the next, and through the luxurious spa building.

Time Tower – a 38-story building in the City Center of Ramat Gan. The building offers 194 housing units of various sizes, and offers an elegant design. Each unit has an amazing urban view, a wide terrace, storage space and subterranean parking.

Hadera Park Dreams – a project being built in the Hadera Park neighborhood, nearby Highway 9, which is a new entrance to the city from Highway 6. The project offers 1,200 housing units of various sizes. The buildings are being built around a 70-dunam park. The Company is currently in the process of building and marketing the six towers on the park.

Nahalat Dreams, Rishon Le’Zion – a project of 5 buildings of 7-10 stories and a total of 208 housing units, with a variety of units in each building – 3-5 rooms, mini penthouses, and penthouses, designed and constructed according to green building standards.

Green Barnea Dreams in Ashkelon – a project being built in cooperation with the Machluf Bechor Company in the high-quality Barnea neighborhood of Ashkelon. This is the first project built in the city according to green building standards. The project offers 900 housing units of diverse sizes and a variety of buildings.

Or Yam Dreams – A large project in the Or Yam neighborhood near Caesarea, with 23 buildings facing an enormous park for the benefit of its residents. In early 2019, the Group marketed 20 of the compound’s buildings at a special sales event.

Prominent Office and Commercial Centers

“Sha’ar Ha’Tzafon” Shopping Mall – In 2014, Shikun & Binui Real Estate, along with the Bronfman-Fisher Group, launched the “Sha’ar Ha’Tzafon” shopping mall in Kiryat Ata, the first green mall in Israel to be built according to the American LEED standard. The project includes a giant store of the Swedish chain IKEA, and covers an area of approximately 25,000 square meters, combined with a 24,000-square meter shopping mall and a” Shufersal Deal “store covering an area of 5,000 sq.m. The mall was built by Solel Boneh, which is a part of the Shikun & Binui group. Sha’ar HaTzafon is the biggest shopping center in the Israel’s northern region, and one of the biggest in the country.

Design Plus – The south’s largest home design complex that covers an area of approximately 17,000 sq.m. The complex is essentially an open shopping avenue, where local vegetation is used, maximizing natural lighting and natural ventilation.

Student dormitories at Tel Aviv University – In 2008, Tel Aviv University and Shikun & Binui Real Estate signed a contract under which Shikun & Binui Group undertook responsibility for renovation and upgrading of the Einstein dormitories (1,000 beds), construction of a new dormitory complex at the “Broshim” compound (1,600 beds) and operation of the two compounds. This is the first green campus in Israel to receive the US LEED standard for green construction at the “Gold” level. These days, the company is completing another phase of construction, adding about 450 beds, pending population in the summer of 2020.

Ir Yamim Mall – In 2012 the mall opened its doors to the public in Netanya’s prestigious Ir Yamim neighborhood. The mall covers an area of 58 dunams, of which 70,000 square meters is built up, and offers 23,000 square meters of fashion, entertainment and leisure, along with 2,000 parking spaces. During 2018, an expansion of about 8,900 sq.m. was added with additional stores and leisure spaces to the benefit of the public. The expansion also included 10,500 sq.m. of office spaces.

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