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ELECTRA TOWER, 98 YIGAL ALON STREET, TEL AVIV 67891, ISRAEL
Tel:
Work +972 3 608 9850
Fax:
Fax +972 3 608 9909
Email:
Web:
www.goldfarb.com

Adv Avi Arad

Tel:
Work +972-3-608-1803
Email:
Goldfarb Seligman & Co.

Work Department

Real Estate Department

Position

Adv. Arad is the Co-Head of the Real Estate Department, and is a member of the firm's Executive Committee. Adv. Arad specializes in complex real estate transactions, including large scale residential projects which include hundreds or thousands of housing units, and possesses significant reputation regarding Tama 38 (a National Outline Plan for the reinforcement of buildings against earthquakes) and urban renewal projects. Adv. Arad provides continuous legal consulting to real estate companies, developers and infrastructure companies regarding various projects and transactions, including commercial projects, public housing projects, hotel projects and more. Adv. Arad advises public and private real estate companies, as well as leading Israeli and international entrepreneurial companies. In recent years, Adv. Arad had handled a significant portion of the largest and most complex real estate transactions in Israel - both from the legal rights' status aspects of the relevant real estate, and from the transaction's commercial and financial aspects. Adv. Arad advises clients from the planning and acquisition stages, through the development stages and construction and registration stages. He advises on financing procedures, and on real estate tax aspects, and represents clients before various government authorities. Among Adv. Arad's clients are public companies, private companies, holding groups and entrepreneurs of large-scale real estate projects. Adv. Arad has been repeatedly recognized, year after year, by various international directories, among them is Chambers & Partners, by domestic directories and by professional magazines, as one of Israel's leading attorneys in the real estate field.

Career

Adv. Arad was a senior partner at Dankner Lusky & Co., a leading Israeli law firm in the real estate, commercial and corporate fields.

Languages

English and Hebrew.

Member

Israel Bar Association, 1988.

Education

LL.B. Tel Aviv University, 1987.


Israel

Real estate and construction

Within: Leading individuals

Avi Arad - Goldfarb Seligman & Co.

Within: Real estate and construction

Goldfarb Seligman & Co.'s position in the market was further strengthened by its absorption of a large real estate team from Berkman Wechsler Bloom & Co, which included Ari Wechsler. Weschsler is acting for a joint venture comprising Canada Israel Group and BSR Group in relation to the development of a 50-storey luxury tower in the Park Tzameret area in Tel Aviv. The new team joined an already strong practice group, which is jointly headed by Avi Arad and Levy Amitay. Amitay and Arad are advising Neve Gad on a litany of residential development projects with an aggregate value of over NIS5bn. The duo is also acting for Bayside Land Corporation in relation to a number of land, property and lease transactions, and has handled high-value investment mandates and large-scale land promotion matters for Azrieli Group. Additionally, the team is instructed by the third REIT fund in Israel, Menivim - The New REIT, and handles ongoing property matters, including corporate lease transactions, for some of the most widely recognised multinationals operating in Israel.

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Real estate: urban renewal

Within: Real estate: urban renewal

Goldfarb Seligman & Co. has 'extensive experience in all practice areas relevant to urban renewal projects' and has 'a deep understanding of the positions and goals of each party in a project negotiation'. A key figure in the team is Avi Arad, 'an exceptional lawyer with a wealth of experience in closing difficult deals'. Arad is acting for Neve Gad and NSA Renewal and Construction in relation to the tenant and planning approvals for the construction of 800 housing units in Rishon LeZion; he is also acting for the apartment owners in relation to a NIS8bn evacuate-rebuild project in Tel Aviv. Arad jointly heads the department with Levy Amitay; the duo is advising the developers on the planning and tenant approval process for the construction of 1,500 residential units in a large-scale evacuate-rebuild project in Tel Aviv. Also recommended is Gabi Drucker, who is acting for Gabay Group in relation to a 770-unit evacuate-rebuild project in Bat Yam.

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