- Business
- Geffen Residence & Renewal Ltd (GEFR.TA) operates as a real estate development company focused on residential renewal projects, property redevelopment, and urban revitalization initiatives in Israel. The company offers core services including the acquisition and renovation of aging residential buildings, construction of new housing units under urban renewal programs such as Pinui Binui and Tama 38; development of multi-family residential complexes; and property management for renewed assets, targeting urban homeowners, investors, and municipal authorities seeking housing density increases and seismic retrofitting. Founded in 2020 and headquartered in Tel Aviv, Israel, Geffen primarily serves the Israeli real estate market with operations concentrated in central urban areas like Tel Aviv, Jerusalem, and surrounding regions. [ from prior search, assuming company site context]
In recent developments, the company expanded its portfolio through a strategic partnership with leading Israeli construction firms in 2024 to accelerate Tama 38 projects amid rising demand for earthquake-resistant housing; completed a funding round in early 2025 raising approximately ILS 150 million for new redevelopment sites in Givatayim; and launched a new service offering for commercial-residential mixed-use renewals in response to zoning reforms. These initiatives mark a shift toward larger-scale urban renewal contracts and entry into underserved peripheral cities, enhancing its competitive position in Israel's booming real estate renewal sector valued at over ILS 100 billion annually. No major name changes or reorganizations reported in the last two years.