Remez, Rishon LeTsiyon, Israel

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Remez, Rishon LeTsiyon, Israel 2017-05-31T10:23:29+00:00

Project Description

אקזיט להשקעה בראשון לציון - תמא 38

Implementation of an National Outline Plan 38 (for the seismic strengthening of an existing building) project on two 4-stories buildings located on Wolfson and Hirschfeld streets. In addition to reinforcing the building against earthquakes, renovations included addition of an elevator, expansion of the lobby area, renovation of external areas and building fronts, and the addition of 7 duplexes between the two projects combined.

8 Volfson St. / 9 Hirshfeld St., Rishon LeZion, Israel

Year launched

2012

Equity raised

₪4,700,000

Expected duration

18 Months

Actual duration

37 Months

Achieved annual return

3.70%

Property investments are illiquid, and past performance is no indication of future success

About the neighborhood

Remez neighborhood “The old west” of Rishon LeZion, is a high-end, in-demand neighborhood located in the city center, near the main road, Rothschild street, and in proximity to major traffic routes, commercial and entertainment venues, and service providers.

About the developer

S. Gazit Planning and Improvement, Ltd. specializes in NOP 38 projects. Its managers and employees have extensive education and experience in project management globally and in Israel. The company has proven skills for promoting and executing projects in particularly short time frames.

The opportunity

אקזיט להשקעה בראשון לציון - תמא 38

Implementation of an National Outline Plan 38 (for the seismic strengthening of an existing building) project on two 4-stories buildings located on Wolfson and Hirschfeld streets. In addition to reinforcing the building against earthquakes, renovations included addition of an elevator, expansion of the lobby area, renovation of external areas and building fronts, and the addition of 7 duplexes between the two projects combined.

Other projects by the developer