Harel Nir

BaitVeGag

BaitVeGag Is an Investment and Development fund which raised more than NIS250 millions from leading financial institutions, initiates and leads dozens of urban renewal projects. Bait Ve Gag is one of the longstanding, stable and prominent urban renewal companies in Israel, and leads dozens of Tama 38 – demolishing and reconstruc-tion, seismic retrofitting and floor additions and Pinui-Binui. All this through a unique platform. Bait Ve Gag is backed by Israel's strongest institutional investors, such as Poalim Capital Markets, The Phoenix Group, Amitim, IBI and others, who invested NIS 250 million in it. This is a pioneer financial model in the industry, which connects between public funds, through the pension and provident funds, and residen-tial real-estate investments in Israel. BaitVeGag was founded more than 7 years ago with a single goal – to lead the residential urban renewal segment in Israel. Bait Ve Gag, one of the segment's first players, started to build, step by step, its unique platform for the initiation and management of Tama38 projects, mainly demolition and reconstruction. The platform includes about 30 managers and employees, professional departments, which specialize in leading urban renewal processes in all aspects: en-gineering, finance, legal, regulation, customer relations and control aspects and more. The in-house expert team leads the project from end-to-end, from the first residents meeting, to the moment of delivery the keys for the new apartment and also afterward, during the warranty period, and provides a professional and full response to hundreds of people who are marching with us on their way to a new home. The urban renewal operations express something beyond a business strategy – our ideology. We believe that urban renewal breaks the traditional boundaries of the real-estate industry. The process goes beyond the building and its residents – it's a social, environmental and economic event that integrates the neighborhood, the city, the community and the culture. BaitVeGag sees urban renewal as a unique opportunity which combines business activities with a broad social responsibility, and we are proud and glad to lead Israel's renewal momentum.