A private Israeli construction and development company that executes residential, commercial and leisure projects.
Sarfati Simon Ltd. is building a residential project in northeast Pisgat Ze'ev, a settlement neighborhood in East Jerusalem. The project is executed under a tender of NIS 6.8 million, with development expenses of NIS 17.36 million, to build 92 housing units on an area of 4,858 m2 - which the company won on 1 June 2014. The project is part of Municipal Zoning Plan 11647, which refers to the expansion of Pisgat Ze'ev North to the southwest. Leumi Bank accompanies the project.
According to the company's website, it plans to build 252 housing units in the settlement neighborhood, as Pisgat Ze'ev became "more attractive for young couples and people upgrading their homes," mainly due to "the significant increase in the construction of new projects [and the] new road that connects the neighborhood with Tel Aviv." This road, Highway 20 (formerly Hizma Road), connects the Pisgat Ze'ev and Neve Ya'akov settlement neighborhoods to West Jerusalem via Highway 50 (Begin Highway) and to Tel Aviv via Route 443.
The company is currently marketing "Sarfati in Har Homa", a residential project of 142 housing units in the Har Homa settlement neighborhood in East Jerusalem. The project was executed under a tender won by the company on 17 June 2012 for NIS 18.3 million, with development expenses of NIS 19 million, to build 126 housing units in the settlement neighborhood in the framework of Local Outline Plan 10310. The project was accompanied by Hapoalim Bank.
