Aura: Building permit for a project in Lod – Real Estate

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Aura
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Base:219

opening:219

Tall:237.7

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Reports that it received a building permit for the “Aura Ben Shemen” construction project in the city of Lod, and that it has so far sold about 50% of the apartments in the project (243 apartments). In addition, Aura signed a bank loan agreement with Bank Leumi and the Menora insurance company. Construction work on the site will begin soon and according to the report, the company plans to erect all 500 apartments simultaneously.

Aura began in the third quarter of 2020 with an accelerated process of handing over housing units and expects that during the coming year it will begin delivering hundreds of more housing units: Phase A of the Ono Valley project in Kiryat Ono, which has already begun – 330 housing units; Phase II of Ono Valley “- 342 housing units; “Aura in the Moshav” in Ahisamach – 217 housing units; “The Hanging Gardens” in Yehud (Phase D) – 300 housing units. The company recently finished housing the “Aura 300” project in Holon, which included 50 apartments. All this puts the volume of the company’s apartment deliveries at over 1,200 housing units in a period of about a year. In the Ahisamakh project next to Ben Shemen’s, all the apartments were sold and the delivery date is expected in another year.

According to Yaakov Atrakchi, CEO and owner of Aura Israel, “I was not surprised by the success of the Ben Shemen project. The investors and young couples immediately recognized the potential of the project, which is in a winning position and at prices that no longer exist in Gush Dan. There is no doubt that prices in the neighborhood will rise sharply in the coming years. The ‘Aura Ben Shemen’ project in the new and developing Nofi Ben Shemen neighborhood will be a project with power and presence, which will offer a combination of rural and urban – a pastoral environment with open areas of extraordinary scope. ”