About Eshed Urban Renewal Enterprise
About the Company
Eshed Urban Renewal Enterprise, Maintenance and Management Ltd. of the Eshed Management and Engineering Resources Group specializes in the initiation, promotion and management of complex urban renewal projects, including Pinui-Binui (Evacuate and Build) and TAMA 38 projects, particularly involving demolition and construction.
The Company has the economic soundness, experience and professionalism needed to spearhead urban renewal projects, as well as proven ability in the promotion of a wide range of projects simultaneously.
Eshed Urban Renewal operates in high-demand areas, including Givatayim, Ramat-Gan, Tel-Aviv and Kiryat Ono, promoting evacuate and build as well as TAMA 38 projects based on the Eshed model to tenants.
Areas of OperationTAMA 38 As Entrepreneur
Evacuate and Build (Management Company)
The Eshed Model for Evacuate and Build Project
“Eshed Urban Renewal” has an in-depth understanding of the requirements of every individual tenant while maintaining equal rights for all tenants.
“Eshed Urban Renewal” is committed to reliability, professionalism, transparency, design solutions adapted to every building while maximizing tenant rights in the project.
“Eshed Urban Renwal” offers a comprehensive solution under one roof, providing all professionals required for the project, including project manager, experienced architect, legal oversight for unit owners by an attorney experienced in urban renewal project, tenant liaison, traffic consultant, real estate appraiser, etc.
Property betterment, enhancement, their quality of life and to enjoy security and benefits gained as part of the urban renewal projects.
As part of the TAMA 38 project, Eshed provides -
Financing legal fees for the tenants and supervision over the building
Spearheading the planning and implementation
Full financing of evacuation and relocation for apartment owners (if necessary)
Assumption of all planning and consultant costs
Assumption of all taxes and levies imposed on the project
Full responsibility for obtaining the completion and population approvals from the relevant authorities (municipality, Civil Defense, fire department and electric company) upon completion of the construction work
Project insurance, full coverage that will include indemnity to apartment owners for any damage, including third party insurance, contractors, property and body
Granting sales law guarantees, implementation, rent (if necessary) and registration of the condominium, guarantee for payment of taxes and levies, in accordance with the provisions of the engagement agreement to be signed with the apartment owners.
Why Eshed Urban Renewal?
Eshed Urban Renewal advantages include a balance of entrepreneurial, management and implementation capabilities coupled with a meticulous adherence to quality, service and compliance with timetables.
Eshed Urban Renewal spearheads an extremely wide array of projects, from the necessary planning and approval to actual completion of the project.
Eshed Urban Renewal allows tenants to enhance their properties, improve their standard of living and to benefit from security and benefits gained as a result of the urban renewal project.
Eshed Urban Renewal will initiate and manage all facets of the project, including responsibility for planning and consulting costs required, payment of taxes and other fees imposed on the project, responsibility for completion and population approvals from the relevant authorities once construction has been completed, responsibility for project insurance as broad coverage and provision of complete guarantees.