100,000 apartments to be built in high-demand areas in the center of Israel on military bases
In what the Government has called “strategic inventory management of the housing crisis”, more than one hundred thousand new housing units will be constructed on land that is currently occupied by defense and military industry bases in the center of the country. The training, intelligence and communications bases will be vacated and relocated to the South of Israel. The huge compounds are located in the heart of the high-demand areas in Israel, where land is most expensive and property values highest. The compounds will be evacuated by 2022.
Earlier this month, a framework agreement was signed between the Environmental Services Company and the Ministries of Finance, Environmental Protection and the Israel Land Authority to found a new company that will manage the transfer of the bases and evacuation of the land.
The evacuated compounds will be in need of environmental treatment for polluted soils as a result of decades of travel of heavy machinery and weaponry on the land, especially in areas slated for residential construction.
The evacuations are slated to commence later this year. Below are details of the compounds to be fully evacuated by 2022 and the number of housing units to be built on them (source: Ministry of Finance, figures are estimates):
- Nof Yam – 3,900
- Hashalom – 850
- Tirat HaCarmel – 4,000
- Beit HaKerem – 700
- Ramat HaSharon – 32,000
- Zerifin – 17,000
- Sde Dov – 16,500
- Shlishot (Ramat Gan) – 1,200
- Tel Hashomer – 15,000
- Sirkin (Petach Tikva) – 12,000
- Horditzki (Givatayim border / TA) – 800
The contents of this article are designed to provide the reader with general information and not to serve as legal or other professional advice for a particular transaction. Readers are advised to obtain advice from qualified professionals prior to entering into any transaction.
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