IAC X GPI - Be In The Know! Q&A with Acro Real-Estate
Describe your company in your own words and share your core values.
Acro Real Estate is a listed company traded on the Tel-Aviv stock exchange.
We specialize in developing large-scale projects in high-demand areas. with many years of experience initiating, developing, and completing a wide array of prestigious structures, including residences, offices, commercial buildings, and hotels.
Acro Real Estate leads a variety of impressively sized, prominent property ventures that are changing Tel Aviv’s landscape, establishing themselves as magnificent architectural landmarks.
In addition, Acro Real Estate leads dozens of projects in the urban renewal field, always maintaining the highest professional standards while emphasizing in-depth consideration of tenant and environmental needs.
Our business’s rich experience in launching projects in Tel Aviv’s varied neighborhoods allows us to truly understand the city’s complex existing planning requirements, anticipate future challenges, and, more importantly, effectively prepare for them.
Acro's core values consist of a definite vision for the company’s business, a strong management team, core competency in mixed-use assets, special attention to detail in architecture, design, and brand positioning, and a meticulous customers experience.
Any signature project you wish to elaborate on
Acro real estate has built Da Vinci Residential – 2 buildings in bustling central Tel Aviv in a one-of-a-kind project full of life and personality. On the horizon – the skyline of the Mediterranean and below – are all of the cultural and entertainment centers that define Tel Aviv as an unstoppable energy capsule. Da Vinci Towers were planned and designed by architect Avner Yashar including 350 apartments, mini-penthouses, and penthouses. In the center of the two impressive buildings, a floating pool is planned as part of the luxurious and well-kept fitness, spa, and recreational center.
We are proud to emphasize that "Da-Vinci" has won the award of excellence from the IACIE (Israeli Association of Construction & Infrastructure Engineers).
In the Israeli Diamond Exchange complex on Abba Hillel Street in Ramat Gan, Acro Real Estate is establishing a magnificent and pioneering office tower covering an area of 45,000 sqm. The tower will stand out for its artistic design and be an architectural landmark within the complex, standing out on the urban skyline.
his project is situated in the southern part of the Herzliya Pituach industrial district, covering 10,000 sqm with approximately 45,000 sqm leased exclusively to Microsoft Israel.
How do you summarize 2022 from a real estate standpoint?
2022 was a very special year for Acro, as our company went public and started to be traded on the Tel Aviv stock exchange. It is a year of transit from many points of view as the market started to stabilize after a couple of years of post-Covid effects and a worldwide change in macroeconomics as the interest rate was rising. In 2022 we deepened our hold in the Tel Aviv market as we started marketing new projects in different neighborhoods and extended our reach to new developments in more parts of Tel Aviv.
What’s the biggest challenge you encounter in the Israeli market?
The biggest challenge in the Israeli real estate market is the gap between supply and demand. The shortage in the available supply of apartments puts pressure on prices to rise on the one hand and on developers to put in extra efforts in acquiring building land on the other hand.
Whom shall we expect to meet at the 8th national summit?
Dan holds a bachelor's degree in economics and business administration from the Hebrew University of Jerusalem and an MBA from INSEAD in France.
Dan comes to the position with over 20 years of experience in the field of real estate. In his last position, he served as the VP of Marketing and Sales at Africa Israel residences since 2018. Before that, he held a series of senior management positions at Eldar Group, including VP and head of the Eldar’s Soho division.
Regarding international experience, Dan served in various management positions in several companies specializing in initiating residential development in Europe.
Nimrod has been an experienced residential real estate sales manager for over ten years, of which seven are at Acro real estate.
Nimrod has extensive experience and knowledge in residential and commercial real estate focused on central Israel and Tel Aviv.
During his time at Acro real estate, Nimrod managed hundreds of real estate transactions, from small investment apartments to private owners and companies, counting hundreds of employees while understanding the very fine needs of each client and defining the financial terms of each deal to their satisfaction.
He has an MBA degree in business administration; with a rich experience of 20 years in the field of real estate, he joined the company in 2010 and is responsible for the company's sales in residential, office, and commercial projects in strategic locations while leading diverse and complex transactions, in-depth knowledge of the developments and changes in the Tel Aviv real estate market and its surroundings, with a focus on quality customer service, understanding of customer needs and demands.
Acro Real-Estate is a part of the Israeli Real-Estate delegation to the IAC's 8th National Summit led by GPI, Einav Gefen-Pundak.
IABP -Real Estate Division
Jan 19-21, 2023 - Austin, TX
Learn More here: https://www.gp-invest.co/iac2023