Real Estate Development
In recent years, the Electra Group has expanded its residential and commercial real estate development activities throughout Israel and across Europe’s emerging markets. With proven expertise in identifying attractive property development opportunities, Electra Investments' experience extends to the selection of suitable business partners, planning and development, high-quality construction, and effective marketing strategies targeted to realize the property’s full potential.
Electra's professional teams bring unrivaled experience to each project, together with advanced technological know-how. This ensures that every aspect of the development process is efficiently managed for optimal results. Under the exclusive Electra Residences brand, Electra develops everything from residential towers to entire neighborhoods via a unique B2C strategy.
Electra Residences is recognized as the most innovative residential real estate company in Israel, combining efficient infrastructure and financial stability with a creative, dynamic approach to modern entrepreneurship. In recent years, the company’s most successful, large-scale real estate initiatives have included the seaside Achziv residential complex in an idyllic location; urban developments such as Green Park in Neve Sharett and Midtown Tel Aviv; and especially prestigious residential projects that include Electra Avenue in Raanana, Electra by the Sea in Bat Yam, and Electra Panorama in Ramle. Among forthcoming projects are the 1000 Complex in Rishon LeZion (lot 134 – 200 apartments for rent, student dorms, and approx. 11,000 sqm for retail and business use), and a project in Ramat Gan near the Ramat Efal neighborhood (8 lots, 495 apartments).
Electra Residences' activities are also expanding overseas, developing high-profile residential and commercial properties in sought-after urban centers throughout Eastern Europe. The company is currently performing the initial stage of the prominent new Deglava Painters Residence development in Riga, Latvia, which includes 152 apartments across two stylish buildings (“Monet” and “Van Gogh”). In Bulgaria, Electra Residences holds land designated for some 5,000 apartments, as well as for office buildings, and is now considering various options to realize the full potential of these assets. Deluxe villas are now on the agenda in Poland, as the company obtains construction permits for the relevant lots, and in Russia an agreement has now been signed with a development partner regarding 5,300 apartments (total value of approx. NIS 1.2 billion).
The Electra Group continues to develop exciting, complex, and world-first projects at home and abroad, securing its position as the Israeli market leader and a respected international presence.