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Urban renewal

Urban renewal means re-planning or rebuilding in urban areas. An urban renewal process can renew or rebuild a single building, several buildings and even entire neighbourhoods. In the process, the old building is replaced by a completely new one, carefully planned and designed to uncompromising standards – for your peace of mind and quality of life, in the same familiar surroundings you love. All subject to the authorities’ approvals and accompanied by Cinco’s leading professionals.

Five steps to a new apartment
Project review and offer

The feasibility check covers, first and foremost, the planning status of the building. In other words, with the right professionals you will know whether the project can actually be carried out on the ground, and what it will take. The economic feasibility check looks at two things: first, feasibility for you, the residents – what you can receive from upgrading the building or demolishing and rebuilding it. Second, feasibility for the developer – whether it is "worth it" for the developer to invest in your project and whether it will be profitable. Bottom line: only if both checks come back positive can your project move on to the next step

Signing the agreement

You are now one step before handing over the rights and setting the process in motion through the usual channels. What is left to do? Sign the agreement with us and get started.
The agreement we sign will set out every detail of the process, including the terms for moving the residents to alternative housing while we build your new home, the specifications of the new apartments, the building plans and every other detail, large and small. We will also arrange full guarantees from a recognised financial institution, so you can start with peace of mind
It is important to us to point out that all costs are borne by the developer from the beginning of the process to the end – so you can rest easy

Zoning plan (TABA) approval

Before getting started, the plan needs approval in principle from the municipality. We will prepare detailed plans for you and submit them to the municipality for approval. Approved? We can move on

Demolition and construction

Once the building permits are issued, we will demolish your old building and build your new, modern one according to the schedule agreed in advance, in full cooperation with you. We are committed to moving the process forward as quickly as possible while keeping to the highest and strictest professional building standards – so you can return as soon as possible to your new, safe home, in a new building and renewed surroundings

Key handover and ongoing support

At the end of the process you will return to your familiar neighbourhood, to a completely new building and a new apartment – safe, roomy and larger, according to the additional area agreed in your agreement – with a sun balcony, a safe room (MAMAD) and private parking, and worth significantly more.

Our company advances its projects with a professional team with extensive experience in urban renewal, in order to build your dream apartment in the shortest possible time.

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