Lod International Quarter Apartment for rent. Imaging: Arkafekt Adi Buano Ltd.
The marketing momentum of long-term rental tenders in the city of Lod continues, with more than 2,500 units for long-term rent. During the week, an apartment for rent, the Israel Land Authority and the Ministry of Construction and Housing completed additional marketing in the “International Quarter” neighborhood.
The project includes 344 housing units and about 800 square meters of public buildings. The total complex covers 14,796 square meters. The winner of the tender is Donna Dom, which will pay NIS 261 million, including development. This project is in addition to another project in the “International Quarter” whose marketing was completed last week, which will be established by Living Areas, and which includes 244 units for long-term rent, public areas of 400 square meters and covers about 11,000 square meters..
The “International Quarter” neighborhood in the city of Lod, was designed by the “Apartment for Rent” company as part of the OTMAL and attracts 30% of the housing units included in it for long-term rental housing. All this, with the support and push of the Lod Municipality More than 11,000 housing units are expected to be built, of which about 3,500 in the “apartment for rent” model, thus making Lod a city with the largest number of housing units intended for long-term rent.
The neighborhood will also include commercial and employment areas and a considerable scope of open areas and public buildings on an area of 1,610 dunams. The neighborhood has optimal accessibility and includes a dedicated train station (Ganei Aviv station) and quick access to national roads 44, 1 and 40, via road 200 that runs along the neighborhood. The plan approved by Botamal is the result of an initiative by the “Dira Lehashikir” company, which it promoted together with the Lod Municipality and the Lod Knesset.
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In the “Ben Shemen” neighborhood, which was also designed by “Dira Lehashikir”, more than 1,000 units for long-term rent have been marketed and are being marketed. Range in another new neighborhood in the city, the “Nofei Ben Shemen” neighborhood. The two complexes will together include about 600 units for rent, which will be established by the companies Azor Living and Shikun VeBinui. These projects were added to the complex being built by the Praszkowski company, which includes about 400 housing units in the neighborhood.
Apartment for Rent is in the midst of a long-term rental marketing boom, in collaboration with the Land Authority led by Yankee Quint. This is in accordance with the policy of the Ministry of Construction and Housing, headed by Minister Zeev Elkin and led by his office director Aviad Friedman to promote and increase the supply of long-term rental housing units, as part of the range of housing solutions. Long term. The company plans to market in 2022, in collaboration with Rami and Mashav, about 10,000 units for long-term rent.
CEO of Apartment for Rent, Inbal David: “I congratulate the city of Lod and its residents, for their central part in leading the long-term rental revolution in Israel, with over 2,500 long-term rental housing units already marketed in the city, and with thousands more housing units to be added. The city of Lod stands out as an attractive residential destination in a strategic location in the center of the country. With the support of the mayor and his staff, “Apartment for Rent” has advanced the planning of two new neighborhoods in the city, as part of which a variety of housing solutions are offered to residents, including significant volumes of long-term rental apartments, marketed by the company together with the Israel Land Authority. “Rent an apartment” is a necessary and necessary affordable housing solution for households living in rented accommodation in Israel, while providing a living experience of high standards, with certainty and stability that young couples living in rent all over Israel crave. “.
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The director of the Israel Land Authority, Yaakov Quint: “I welcome the further success of a tender for a rental housing track, in the city of Lod where we are working to create a wide and proper range of long-term rental housing solutions. About half of the apartments will be rented at a reduced price. Marketing in this route allows for discounted and more accessible solutions for young couples, families and the homeless in a demand area in the center of the country. The Israel Land Authority is working with all the means at its disposal to increase the supply and variety of housing units and we intend to continue to allocate land to all the needs of the economy, including the residential needs of the citizens of the State of Israel in accordance with government goals. ”
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