In recent months, there has been a noticeable trend of advancing urban renewal projects in cities in northern Israel. One of the pioneering companies in this direction is Av-Gad, which won seven tenant tenders in the last quarter, in projects in the Krayot and Nazareth Illit, with an estimated scope of about 4,000 housing units. Moreover, the company is currently exploring additional projects in Karmiel and other nearby cities.
Attorney Re’em Ratzon, CEO of Av-Gad, explains the trend: "The company sees northern Israel as a significant growth engine for the coming years. We are expanding our activities in the Krayot area, with new projects in Kiryat Ata, Kiryat Yam, Kiryat Motzkin, and Kiryat Bialik, understanding that significant government investments will be directed in the coming years to develop northern Israel, and we believe this will lead to increased demand for quality housing for young couples and homebuyers."
Av-Gad Holdings is an urban renewal and construction company founded in 2009 by Colonel (Res.) Michael Ratzon and his son, Attorney Re’em Ratzon. The company focuses on high-demand areas and brings substantial expertise in executing projects. Since its establishment, it has delivered approximately 657 housing units in about 20 projects. As of the third quarter of 2024, the company has accumulated about 11,000 housing units in execution and planning stages, 8,154 of which are in advanced stages. (Read More)
