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THE NEW NORTH

הצפון החדש תלאביב

The new north

Tel Aviv's next residential district There is nothing like Tel Aviv! But what if we told you could get more from Tel Aviv?! More cafes that you like, more places of entertainment, cultural complexes and what not?! Trigo Investments Group invites you to get to know the next stage, in a city that does not stop for a moment with land for investment in a new district. The land known as the New North of Tel Aviv, or in its old name the Glilot district, which is located on the seam line between Tel Aviv, Herzliya and Ramat Hasharon. This land is the most sought after in Gush Dan due to its location, which covers an area of ​​about 2,000 dunams and borders Ayalon Road to the east, Namir Road to the west, Glilot Junction to the north and the Ramat Aviv Gimel neighborhood to the south. The new north of Tel Aviv will contain about 12,000 residential units and about 700,000 square meters of commercial and office space, along with about 1,000 dunams of parks, bicycle paths, leisure, entertainment and cultural centers, a train station, educational institutions and more. It's time to get to know more than Tel Aviv.
הצפון החדש תלאביב
1000
Dunam
1000 Sqm
Public buildings
1000 Sqm
Employment
300000 Sqm
Commerce
0
Buildings
northern and southern
9000
Housing units
קבוצת טריגו השקעות נדל"ן

A complex of mixed uses, which combines housing, employment and shortages.

קבוצת טריגו השקעות נדל"ן

Residential towers – up to 49 floors.

קבוצת טריגו השקעות נדל"ן

Access to an integrated center for transportation and commerce which will include, among other things, a light rail station, an elevated train station, a subway station and a bus terminal.

קבוצת טריגו השקעות נדל"ן

Access to a central park and a lake in an area of 350 dunams, which is part of a resort strip that connects east and west to the beach. Which along it are bike paths, parks and green areas.

קבוצת טריגו השקעות נדל"ן

Advantages – Density of about 12 units per gross dunamILA (Israel Lands Authority( will bear the liability for land clearing. Close to access roads to intercity roads.

קבוצת טריגו השקעות נדל"ן

Disadvantages – a complex that includes employment complexes.

קבוצת טריגו השקעות נדל"ן

A complex of mixed uses, which combines housing, employment and shortages.

קבוצת טריגו השקעות נדל"ן

Residential towers - up to 49 floors.

קבוצת טריגו השקעות נדל"ן

Access to an integrated center for transportation and commerce which will include, among other things, a light rail station, an elevated train station, a subway station and a bus terminal.

קבוצת טריגו השקעות נדל"ן

Access to a central park and a lake in an area of 350 dunams, which is part of a resort strip that connects east and west to the beach. Which along it are bike paths, parks and green areas.

קבוצת טריגו השקעות נדל"ן

dvantages - Density of about 12 units per gross dunam. ILA (Israel Lands Authority( will bear the liability for land clearing. Close to access roads to intercity roads.

קבוצת טריגו השקעות נדל"ן

Disadvantages - a complex that includes employment complexes.

The factors supporting promoting the project

Investing in Glilot presents a financial opportunity. Albeit, at present, it is not possible to start to develop the area, but the forecast is that this stage is just around the corner; indeed, a detailed master plan is already under discussion in the District Planning and Building Committee.

The assessors base their estimates on two main parameters: necessity and location. In Tel Aviv the available land reserves are diminishing at a dizzying pace, while it is considered a central and very desirable location.

location

The new north complex of Tel Aviv, is located on the seam line between Tel Aviv, Herzliya and Ramat Hasharon, and borders Ayalon Road to the east, Namir Road to the west, Glilot Junction to the north and the Ramat Aviv Gimel neighborhood to the south.

Investment in Glilot

The demand in the Tel Aviv area continues to grow and the upward trend of prices continues. The city of Tel Aviv has become extremely crowded and very little land remains for urban construction. The solution to the problem is to develop adjacent areas. In this context, it is worthwhile getting acquainted with projects earmarked for the area known as the “new north”.

Glilot as we know it today is due for change. It contains land that is the subject of numerous projects, both in the field of housing as well as of developing the green areas and building office complexes. The land has yet to be unlocked, but the process is in advanced stages. The land is located in the new north, in the Glilot neighborhood, right on the seam dividing the three main urban centers – Tel Aviv, Herzliya and Ramat HaSharon.

The Pi Glilot project extends over 2,000 decares of land. To the north is the Glilot Intersection, to the east – the Ayalon Highway, to the west – the Namir Road, and to the south – the Ramat Aviv Gimel neighborhood.

Parks, employment areas, railway stations and more

Apart from main traffic arteries, there are other elements that render investing in Glilot a promising proposition. A person examining the possibility of investing in the Pi Glilot project, will discover that that all the desirable variables are included in the formula: extensive green parks, cycle routes, culture and leisure centers, educational institutions, railway stations, about 700,000 sq. m. earmarked for employment and another 69,000 sq. m. for commerce.

LAND UNIT IN THE NEW NORTH

600,000 NIS

Average selling prices in 2016.

1,100,000 NIS

The average selling price today

2,350,000 NIS

*Value of land available

216%

EXPECTED VALUE INCREASE

4,500,000 TO 5,000,000 NIS

APARTMENTS VALUE IN NEARBY NEIGHBORHOODS

*  In accordance with what is specified in Standard 22 
* There are additional expenses that will apply in the future before the permit is issued 

A glimpse of the project’s specs

The minute the go-ahead to start development is given, the following mix can be expected:

Land for investment in Glilot combines housing, commercial and employment areas.

2 high-rise residential buildings, containing up to approx..49 floors.

69,000 sq. m. earmarked for a modern trade center.

12,000 housing units.

Development of 1,516 decares.

Main transportation means: light rail station, subway train, a bus terminus and more.

Developing parks and a small lake, extending over 350 decares.

Links between east and west (including convenient access to the beach).

Returns with a look to the future

Anyone enquiring about investing in central Israel will undoubtedly find Glilot of considerable interest. According to a variety of assessments based on dependable data (data concerning forecasts of an increase in value, the current price and comparison with prices of apartments sold nearby), the Pi Glilot site should yield very high returns. Investors in Glilot, in just 10 years, can expect to enjoy returns of about 100% for land purchased, and returns of between 25% and 30% on an apartment purchased.

Estimated return per unit of land on the timeline

LAND 

LAND PURCHASE ON A TIMELINE OF A DECADE WILL YIELD OVER 100% RETURN
0%

APARTMENT 

APARTMENT PURCHASE ON A TIMELINE OF A DECADE WILL YIELD A 25% -30% RETURN
0%

* The aforesaid is based on expect worth in accordance with what is currently the estimate and does not foresee the future definitively 

A FORCE MULTIPLIER

THE LANDOWNERS ARE ACCOMPANIED BY TRIGO IN MANAGING THE PROJECT: 

The project’s status

So far, approval has been obtained for generalized master plans, while the detailed master plans have already been submitted to the District Planning and Building Committee. Currently, the project is in the objections stage; thus, one can see how the project to extend over 1516 decares of land is about to be implemented and will impact all local real estate.

gallery

The land is not available for construction.

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