Clal Group is the owner of 3,700 dunam of private land located in the municipality of Nesher in Northern Israel. The rezoning plan allows the construction on 2,529 dunams of 5,000 residential units and 280,000 sqm of commercial and office space.
The plan includes construction phases so that Phase A which is owned by Clal Real Estate will include about 2,000 housing units and about 90,000 sqm of commercial and office space, and Phase B which is owned by Clal Industries subsidiary, Nesher Cement Enterprises, will include an additional 3,000 housing units and about 190,000 sqm of commercial and office space.
AGAMEY HACARMEL IS STAGE A OF THE NESHER CITY BUILDING PLAN AND INCLUDES 2000 HOUSING UNITS AND 90,000 SQM OF COMMERCIAL AND OFFICE SPACE.
In 2019 Clal Real Estate signed a partnership agreement with two of the leading real estate companies in Israel – Africa Israel Residences and Shikun & Binui Real Estate to develop and sell apartments in the project.