Metropolis | מטרופוליס

What Metropolis | מטרופוליס does

Metropolis is an Israeli urban renewal and residential real estate developer headquartered in Bnei Brak, founded in 2011 and operating as a joint venture between Allied Group and Eldar Group, two large Israeli holding conglomerates. The company specializes in pinui-binui (evacuation-reconstruction) and TAMA 38/2 reinforcement-and-reconstruction projects, targeting aging residential buildings across central Israel — including Tel Aviv, Givatayim, Ramat Gan, Herzliya, Petah Tikva, Rehovot, Lod, Holon, Hod Hasharon, and Haifa — for demolition and replacement with modern apartment buildings.

Its core product is a turnkey urban renewal development: identifying qualifying buildings, securing resident consent through a מכרז דיירים (resident tender) process, executing demolition, and constructing new residential buildings with private gardens, fitness facilities, co-working spaces, smart home systems, EV-ready parking, and ground-floor commercial space. The current footprint comprises approximately 50 active projects and roughly 13,000 apartment units in the pipeline, with more than 1,300 units already delivered. Recent flagship engagements include a 292-apartment, 8-building joint venture with Shikun Uvinu at A.F.K Kehilat Padova and a Ramat Gan project developed with Yarok Bina.

The business model is project-based residential development: existing tenants receive replacement units in the new building at no cost, while surplus apartments are sold to the open market at prices starting at approximately 3.95 million ILS per unit. Go-to-market relies on enterprise-style field sales winning resident tenders, after which inventory is marketed to individual apartment buyers; revenue therefore accrues over multi-year construction and sales cycles rather than through recurring contracts, and disclosed financials remain limited given the company's private, parent-held structure.

Name

Metropolis | מטרופוליס

Legal name

מטרופוליס (פ.א.א) 2011 יזמות אורבנית בע"מ (Metropolis (P.A.E) 2011 Urban Enterprises Ltd.)

Website

https://metropolis-il.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Metropolis is an Israeli urban renewal and residential real estate developer specializing in pinui-binui evacuation-reconstruction and TAMA 38/2 projects across central Israel, serving both existing tenants and new apartment buyers through a pipeline of roughly 50 active projects and 13,000 units.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Residential Building Construction (23611), Commercial and Institutional Building Construction (236220)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Sustainable Cities, Urban Development & Green Infrastructure (BPADALAL)

akta.pro secondary industry

Urban Planning & Master Planning (BPAHAKAD)

Keywords

• Urban renewal development
• Residential real estate
• Pinui-binui projects
• TAMA 38 reconstruction
• Luxury apartment development

Headquarters

HQ city

Bnei Brak

HQ country

Israel

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Residential apartment sales (new construction): Metropolis develops urban renewal projects (pinui-binui and TAMA 38/2), demolishes old buildings, and sells newly built apartments to generate revenue. Existing tenants receive replacement apartments; the remainder are sold to new buyers at market prices.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Metropolis is an Israeli urban renewal and residential real estate development company. It initiates, plans, develops, and constructs premium residential projects across central Israel through pinui-binui (evacuation-reconstruction) and TAMA 38/1 and TAMA 38/2 programs, demolishing old buildings and delivering new luxury apartments, amenities, and select commercial spaces to existing tenants and new buyers.

Product overview

Metropolis is an urban renewal and real estate entrepreneurship company operating as a single unified offering platform — it specializes in initiating, developing, and constructing residential projects to high standards across Israel. The core offering spans three interlocking product lines: (1) Vacated Construction (פינוי בינוי), large-scale demolition-and-reconstruction of neighborhoods including tenant relocation and new apartment delivery; (2) תמ"א 38 projects split between reinforcement-renovation (תמ"א 38/1) and demolition-reconstruction (תמ"א 38/2) for seismic strengthening and rebuilding; and (3) Premium Residential Apartments — luxury finished units sold directly to buyers, spanning garden apartments, mini-penthouses, penthouses, and standard apartments. These residential products are bundled with lifestyle amenities including private urban gardens (~2.8 dunams), on-site fitness rooms and yoga zones, residents' lounges with co-working spaces, smart home systems, and underground parking with EV charging preparation. Commercial and retail spaces are added on the ground floors of selected projects. All projects are branded under the Metropolis umbrella and each development carries its own sub-brand name (e.g., THE WEIZMANN, Yuda&, Lue&, A.F.K, etc.). The portfolio currently encompasses approximately 50 active projects totaling ~13,000 housing units across central Israel (Tel Aviv, Givatayim, Ramat Gan, Herzliya, Rehovot, Lod, Holon, Petah Tikva, Hod Hasharon, and Haifa).

Differentiator

Problem solved

Functional benefit

Products and services

• Pinui-Binui (Vacated Construction / Evacuation-Reconstruction) Major urban renewal projects involving demolition of old apartment buildings and reconstruction of new residential towers. Existing tenants are relocated, compensated with replacement apartments, and the remaining units are sold on the open market. Targeted at owners of aging pre-1980 apartment buildings in central Israel seeking to upgrade living conditions and property value.
• TAMA 38/1 Building Reinforcement and Renovation Seismic strengthening and renovation of existing buildings under Israel's National Outline Plan 38, adding protected rooms (mamad), balconies, and new apartments while reinforcing structural integrity. For property owners in buildings requiring earthquake compliance upgrades.
• TAMA 38/2 Demolition and Reconstruction Demolition of existing buildings deemed unstable and reconstruction of new buildings under Israeli National Outline Plan 38 Amendment 2, retaining original building rights. For owners of seismically non-compliant or dilapidated buildings who prefer full rebuilding over reinforcement.
• Premium Residential Apartments Luxury finished apartments in newly constructed Metropolis projects, including garden apartments, mini-penthouses, penthouses, and standard units. Features high-specification finishes, smart home systems, underground parking, and access to shared amenities (private gardens, fitness rooms, yoga zones, residents' lounges, co-working spaces). Sold directly to individual buyers in central Israel cities such as Tel Aviv, Givatayim, Ramat Gan, Herzliya, and Petah Tikva.
• Commercial and Retail Space in Residential Projects Ground-floor commercial and retail areas integrated within selected Metropolis residential projects, serving community needs, generating neighborhood activity, and providing additional revenue. Targeted at commercial tenants and neighborhood-serving businesses in the project's catchment area.

Quantifiable outcome

• ~1,000+ units delivered across central Israel
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered major and minor.

• Shikun Uvinu (שיכון ובינוי)majorStrategic or Co-development PartnerShikun Uvinim is a major Israeli construction and urban development company. Metropolis is developing the A.F.K Kehilat Padova 19-21-23 project in partnership with Shikun Uvinu, comprising 8 luxury buildings with 292 premium apartments in Tel Aviv's Nesot Afeka neighborhood.
• Yarok Bina (יורובילדינג)minorStrategic or Co-development PartnerYarok Bina is a development partner for the Metropolis Avraham Abba Hillel/Charon project in Ramat Gan.

Scale indicators6 records

Recent moves6 records

Direct peers

• Ashtrom Group: Major Israeli construction and real estate group with significant residential and urban renewal activity. Comparable in scale, geographic focus on central Israel, and integrated developer-contractor model.
• Tidhar Group: One of Israel's largest residential and urban renewal developers, executing pinui-binui and TAMA 38 projects across central Israel. Directly comparable to Metropolis in product offering, target market, and business model.
• Electra Real Estate: Israel's largest privately-owned construction and real estate group, with significant residential and urban renewal activity. Comparable in scale, geographic focus, and integrated construction-developer model.
• Y.H. Dimri Construction & Engineering: Established Israeli real estate and construction company active in residential development, urban renewal, and large-scale projects. Comparable in product offering and target market to Metropolis across central Israel.
• Danya Cebus: Major Israeli construction and real estate company, part of the Africa Israel Group, with residential and urban renewal projects. Comparable in business model and target market.
• Gindi Holdings: Israeli real estate group active in urban renewal, residential development, and commercial properties. Comparable in pinui-binui and TAMA 38 execution and target market.
• Africa Israel Properties: Established Israeli real estate developer with significant residential and urban renewal portfolio in central Israel. Comparable in product offering, scale, and geographic focus.
• Shikun Ubinu (Shikun & Binui): Israel's largest construction and infrastructure company, with growing residential and urban renewal operations. Also a strategic partner of Metropolis on the A.F.K Kehilat Padova project, making it a directly comparable developer in the same market.
• Israel Land Development Company (ILDC): Long-standing Israeli real estate developer with residential and urban renewal projects. Comparable in business model and geographic focus on central Israel markets.

Emerging players

• BNC (Builder & Developer): Israeli urban renewal specialist focused on pinui-binui and TAMA 38 projects in central Israel. Comparable in product offering and target market, though smaller in scale than Metropolis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/%D7%9E%D7%98%D7%A8%D7%95%D7%A4%D7%95%D7%9C%D7%99%D7%A1-%D7%91%D7%95%D7%A0%D7%99%D7%9D-%D7%9C%D7%9B%D7%9D-%D7%9E%D7%97%D7%A8-%D7%97%D7%93%D7%A9
• Instagraminstagram.com/metropolis_il

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metropolis | מטרופוליס