The Moore Group reports that it has won a RMI tender at the entrance to the Korazin business complex in Givatayim, amounting to approximately NIS 225 million. Long-term rental housing, commercial and employment areas.
This tender is one of Rami’s new “development tenders”, in which unplanned land is marketed and as part of the tender process, the developer is required to approve, plan and approve a master plan for the complex. According to the Moore Group, this move is part of the group’s strategy to develop the field of entrepreneurship, procurement and real estate improvement in areas of demand, and is an outgrowth of the land acquisition arm activity, securing the company’s land reserves for years to come.
The company emphasizes that the complex it won in Givatayim is located in a “prime-prime location”, at the intersection of Korazin, Tabenkin and Aluf Sade streets and adjacent to the main and developing business center of Givatayim. A Korazin station of the Purple Line on the light rail, which connects Ramat Gan, Givatayim and Tel Aviv, is planned near the complex.
Group Chairman Hanan Moore: “In view of the increase in the population of the State of Israel, the needs for development and construction are increasing greatly, the demand for apartments in the center of the country is increasing and the capacities to meet the demand are small. Most of the potential lands in Gush Dan are privately owned and require processes of change of use and improvement.
The company has gained experience in a very large similar process in Ness Ziona and we have invested a lot of resources in the establishment of a technological, advanced, software-based toolbox and GIS information systems integrated algorithm, which knows how to accurately analyze the potential for land improvement and future land prices. This unique ability is added to existing leading management and statutory capabilities and thus the group completes its set of capabilities, from land acquisition, through its improvement, initiation and construction to operation and management through other capabilities of the group, which positions it as one of the leading development and construction companies in Israel. The company will initiate the project in Givatayim in cooperation with the municipality, in order to address the needs of the residents, especially at the level of housing solutions for rent that are sorely lacking. To the extent that additional rights are granted in the project, it will be possible to allocate subsidized housing to the city’s residents. “