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.
The land of Clal Real Estate includes 1,400 dunam on the Carmel Mountain out of which 200 dunam used as an old quarry (“Haribe”) that is no longer active. Clal Real Estate is examining the potential of this land.
Owned by Access Industries. Clal Industries is one of Israel’s leading investment groups; it owns and manages a diversified portfolio that focuses on the following key areas: industrial, real-estate, technology, biotech, energy and retail.
For over six decades, Clal has leveraged its financial and managerial expertise as well as its extensive knowledge of markets in Israel and around the globe to increase shareholders value for well-known companies in a variety of industries.
Access Industries is the parent company of Clal Industries.
It is a privately-held industrial group with long-term holdings throughout the world by global industrialist and philanthropist Len Blavatnik.
Access Industries is an active global investor across the United States, Europe and South America with diversified holdings across Natural Resources and Chemicals, Venture Capital and Technology, TMT, Real Estate, Biotechnology and Entertainment. Among its holdings include Lyondellbasell, CALPINE, DAZN, Deezer and others.
In May 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 (the “Developers”) which included the sale of 50% of CI’s holding in the Phase A land.