Haifa – Matam 2 Complex

Matam 2 Technological Park in Haifa: An Investor's Opportunity for Innovation and Profit

The high-tech industry in Haifa is flourishing, and available space in the Matam 1 Technological Park has significantly decreased. Despite the great success of Matam 1, it has aged, and in the coming years, a new technological park named Matam 2 will be established in the Check Post area of Haifa to meet the growing demand for new office space in the area.

The new park will offer a prime location, serve as a central player in the city's high-tech scene, and be a hub for innovation and new technologies. Purchasing land for investment in Haifa, upon which the establishment of the new business park has already been approved (Plan HP 1704 C), is an excellent investment opportunity—especially for those looking to invest in real estate with relatively low budgets while reaping high profits.

One of the main reasons Matam 2 represents an attractive opportunity for investors is the significant expected increase in building rights in the complex. According to the approved district master plan (HP 2000), a massive expansion of rights is planned. Recently, according to the latest update from the steering committee currently drafting the detailed plan for the complex, building rights in the area are set to increase fourfold, with the potential to increase up to eightfold! This means investors purchasing land and rights for 100 sq.m. of offices are expected to grow to about 400 sq.m. (and potentially up to 800 sq.m.) for no additional cost other than the betterment levy (Heitel Hashbacha). To give an idea of the scale, the new program published by the Planning Administration proposes increasing the approved construction height from 5 floors to about 20-40 floors!

The Continuous Rise of Mixed-Use Development and the Factors Behind It:

Another trend currently shaping the Israeli real estate market is the construction of mixed-use developments side-by-side (residential, commercial, and office spaces). In recent years, there has been an increasing demand for housing units located in or adjacent to commercial buildings. This trend stems from several fundamental principles, including maximizing land value as well as the desire for an urban lifestyle and convenience. We anticipate that the increase in building rights will allow not only for the construction of more office space but also for the construction of residential units, such as micro-apartments, which will be granted to those who purchased investment land in the complex.

Micro-apartments are small residential units designed to meet the needs of singles or couples seeking affordable housing in urban areas. Mixed-use construction is already taking place in many areas in Israel, including Tel Aviv, Herzliya, and Jerusalem. In these areas, developers are building housing units alongside office buildings, commercial spaces, and more. One of the main advantages of purchasing land for offices in Matam 2, aside from the expected increase in building rights, is the addition of rights to build studio apartments. Thus, investors who bought land for offices will not only multiply their office building rights but will also receive rights for studio apartments worth hundreds of thousands of Shekels!

In Summary: Matam 2 is a promising investment opportunity for anyone looking to capitalize on Haifa's growing high-tech industry. With the expected increase in building rights and the rise in mixed-use construction expected to include small apartments and studio units. Its proximity to the Lev HaMifratz train station, the central bus station, and the "Rakavlit" (cable car) that takes passengers straight to the Technion and the University of Haifa makes it a classic location for student and studio apartments. These will provide high-standard housing adjacent to infrastructure, educational, and employment centers without breaking the bank.

Matam 2 – An Exceptional Transportation Layout:

• Routes 4, 75, 22 (Krayot Bypass), Carmel Tunnels, Route 2, Route 75, and Route 6

• Adjacent to the Lev HaMifratz train station

• Adjacent to the Central Bus Station

• Adjacent to the Rakavlit (cable car) leading to the University

Significant Advantages of the Project:

• Thawed land, approved zoning plan (TABA)

• Expected 4x to 8x increase in rights

• Expected addition of residential, studio apartments, and mixed-use spaces

• Private land

• Sharing agreement

• Full Tabu (Land Registry) registration in your name

• Central location alongside 1 million residents

• Accompanied by a leading law firm

• Accompanied by The Land Realization Company

• Proximity to a seaport and airport

• Attractive price for investors

• Adjacent to mass transit infrastructure

Update: TAMA 75 (Bay Gate) has been finally approved. The plan will set the basis for detailed planning within its boundaries, aiming to change the face of the Haifa Bay and transform it into the largest business and residential center in the Haifa metropolis while maintaining the right balance between commercial/offices and residential/open spaces.

Additionally, a document from the steering committee has been published presenting an official program by the Planning Administration to enhance rights in the complex and create a mixed-use area. It detailed that the proposed floor height will increase from 5 floors to approximately 20-40 floors and will integrate residential units alongside commercial and office spaces.