Real estate and construction in Israel

Fischer Behar Chen Well Orion & Co

Fischer Behar Chen Well Orion & Co leverages its strengths in corporate real estate, finance, securities and construction to service every stage of the real estate life cycle. Department head Amir Chen is among the market's most highly regarded real estate lawyers; he and his team act for many of Israel's most active real estate investors and development companies in relation to high-profile residential and commercial developments. Chen also advises REIT 1, Israel's first and largest REIT, on its various investment and acquisition activity. In just a few examples of the group's work, Chen advised Ybox Real Estate Group on a transaction through which the client acquired rights to a 2,200 sqm plot in Tel Aviv and, in exchange, will construct a combined residential and commercial project totalling nearly 50,000 sqm. Further, the team assisted Union Properties with the establishment of a new city plan for The Agricultural Bank, a historic building in Tel Aviv. Other key clients include Amot Investments, Sufrin Group, Yitzik Tshuva Group, and ZF Building. The team also handles lease transactions for major corporate occupiers and institutional landlords such as Menorah Properties and Investments. Omri Shilo is also highly recommended.

Goldfarb Seligman & Co.

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.

Gornitzky & Co.

Gornitzky & Co. is engaged by a number of prominent Israeli real estate investors and developers, but the team is particularly standout for its expertise in the retail and hospitality sectors. The department counts among its clients Israel's largest hotel chain, Fattal Group, and Melisron, which is the country's largest shopping centre group. The department is jointly led by Eyal Marom and Shlomo Cohen, who advised Commercial Centers, of the Melisron Group, on the NIS178m sale to Sela Capital Real Estate Fund of its rights in a commercial centre in Rishon Letzion. Cohen also assisted Melisron with a 49-year lease agreement for a plot at the prestigious Sarona area in Tel Aviv. Also of note, Marom assisted Vitania with the establishment of a joint venture with Delek Group for the development of a commercial and residential space in Tel Aviv, which will total 150,000 sqm. Additionally, the team advises all of Israel's largest banks on real estate and construction finance mandates, which recently included advising Bank Hapoalim and Mizrahi-Tefahot Bank on a credit agreement for the development of the TLV Fashion Mall in Tel Aviv.

Herzog Fox & Neeman

With 'excellent teams of litigators, commercial lawyers and tax attorneys', Herzog Fox & Neeman is 'a one-stop shop for complex development and regeneration projects'. Led by Moshe Hardi, the team has particular expertise in acting for real estate investors and investment funds in high-value property transactions and the financing of real estate purchasing groups. Hardi recently advised Phoenix Insurance Company, Amitim Pension Funds and Menorah Insurance Company on the sale to JTLV 1 of their rights in the Renanim and Savyon shopping malls. Moreover, the team provides comprehensive real estate advice to real estate investment funds such as Reality Real Estate Investment Fund III. The department also acts for developers and entrepreneurs, including Rothstein Real Estate, which Hardi advised on a combination agreement whereby the client will develop and construct 800 residential units and 13,000 sqm of commercial space in Beit Shemesh. Additionally, the team has advised Azrieli Group on high-value letting transactions with occupiers such as Amazon and Facebook. Other key contacts include Amir Peres and Ariel Flavian.

Yigal Arnon & Co

Yigal Arnon & Co is 'deeply familiar with the processes and decisions of the Israel Land Authority' and has 'the invaluable ability to predict any potential problems from the very earliest stages of a transaction'. The team has noted strengths in litigation, regulation and corporate real estate, and is engaged by some of Israel's most prolific real estate companies. In a large-scale mandate, Hagit Bavly is acting for The Jewish Agency in relation to an agreement with the State of Israel for the development of 2,650 residential units for the elderly, which is financed partly through a NIS600m loan from Harel Group. Also recommended are Amalia Meshi and recently promoted partner Naftali Nir, who are advising Azorim Construction on a litany of residential development mandates in connection with the government's Mechir Lamishtaken programme. Additionally, Meshi and Nir are acting for a joint venture between Ofer Brothers Engineering & Development and Azorim Construction in relation to the development of the Herzliya Hills project, which includes 600 residential units and an expansive commercial and business district. Other significant clients include JTLV Group, Apartment for Rent - The Governmental Company for Housing and Rental, and Azrieli Group. Hagai ShmueliAsaf Eylon and Adam Spruch are also recommended.

Agmon & Co. Rosenberg Hacohen & Co.

Proving 'service at the highest level of professionalism', Agmon & Co. Rosenberg Hacohen & Co. 'instils in its clients a sense of calm and confidence' across each stage of a project. The team is jointly led by Eyal Mamo and Avi Porten, who are based in Tel Aviv and Jerusalem, respectively. Mamo is acting for The Caesarea Corporation in relation to the plot sales and contracting tenders for a residential development in Or Akiva, which will bring more than 3,500 new apartments. Further, Porten advised Machane Yehuda Kiah Real Estate on its acquisition of rights in a large complex in Jerusalem, which includes planned residential and commercial developments across 15,000 sqm. Porten is also advising Four Seasons Hotels and Resorts on the promotion of a large hotel and luxury residential project in Jerusalem. Also recommended is Israel Attar, who is advising Vaad Mishtaknei Ahisamach on the development of a 1,500-unit residential development in the city of Lod.

Amit, Pollak, Matalon & Co. Advocates and Notary

Amit, Pollak, Matalon & Co. Advocates and Notary is engaged by financial institutions, real estate investors and development companies in relation to large-scale commercial and residential development projects and complex transactions in the real estate sector. Recently, the team began acting for REIT 1, one of Israel's most prestigious REITs; Anat Sterenlib-Molkho and Efraim Levy advised the client on a sale-and-leaseback transaction involving two industrial properties. In the development space, Levy, Orit Israeli and Ranit Kessous-Katz are acting for a joint venture comprising Tidhar Investment 1, Yair Ben David and companies in Acro Real Estate and Israel Canada Group, in relation to the development of the Microsoft Campus. On the funder side, the team advises Bank Hapoalim, Mizrahi Tefahot Bank and Israel Discount Bank on financing transactions with purchasing groups for large-scale commercial, residential and office property throughout Israel.

Goldman, Erlich, Edelstein, Avigad & Co.

At Goldman, Erlich, Edelstein, Avigad & Co., clients can expect 'a total absence of any bureaucratic hurdles', which means that 'even senior partners are always available for their clients, day and night'. Led by Amitai Erlich, the team is regularly engaged by Israel's very largest development companies. Erlich is advising Caesarea Investments on several major development projects, including two residential and commercial projects in Jaffa, one of which is near the iconic Jaffa Clock Tower. Erlich is also acting for Azorim Construction Company in relation to several projects, such as the establishment of a new neighbourhood in Be'er Sheva, which will include 2,400 residential units, in addition to hotels, office buildings and a large commercial space. The team is also handling a litany of high-value developments for Reisdor Group and Gabay Group. Moreover, the department has extensive experience with real estate investment transactions, where it has advised real estate funds, including Boulevard Fund, family investors and property holding companies such as Issta Lines Group.

Hamburger Evron & Co. Law Offices & Notaries

Hamburger Evron & Co. Law Offices & Notaries has a strong reputation for planning, construction and development work, acting for prominent real estate companies and financiers in relation to major commercial and residential projects. Led by Dor Shacham, the team has been involved in a litany of development projects for clients such as Kardan Real Estate, Netanel Group, Rubinstein Avraham & Co, and Zilbermintz and Son. Of particular note, Shacham handles a multitude of projects for Shikun & Binui Real Estate Development, such as the development of a 6,000-unit residential neighbourhood in Kiryat Ata. Additionally, Haim Waintrob is advising a joint venture between Shikun & Binui and The Meshulam Levinstein Group on the establishment of a new residential and commercial centre in the area of Tel Aviv Central Station. On the finance side, Assaf Englard advised Bank Leumi and Mizrahi-Tefahot Bank on the multibillion-shekel financing of the Mid-town Tel Aviv project, which will include over 66,000 sqm of commercial and residential space, plus transport links. Amnon Sorek is also recommended.

M. Firon & Co Advocates and Notaries

M. Firon & Co Advocates and Notaries acts for development companies, property-holding investors, real estate funds and corporate occupiers in large corporate real estate transactions. Among the team's key clients is Ashtrom Group, which department head Tamar Firon-Smorodinsky advised on construction agreements with Acro Real Estate and Canada Israel for the development of a major residential, commercial and business centre in Tel Aviv. Additionally, Timor Pesso advised Ashtrom on the construction agreements for the development of a new residential neighbourhood in Or Yehuda, which will include 1,400 residential units. The team also has particular expertise in cross-border real estate investment transactions, which has seen Itzhak Narkiss advise on multiple rights transactions involving property in Romania. Narkiss also has experience in establishing real estate investment funds. The team has also acted for various government bodies in relation to rental housing tenders and has assisted household-name multinationals with lease transactions in Israel.

Meitar Liquornik Geva Leshem Tal Law Offices

The all-around service and depth of legal knowledge at Meitar Liquornik Geva Leshem Tal Law Offices is 'exceptional'. The real estate team is instructed by real estate companies and corporate occupiers in relation to large development projects. One example of the team's active developer clients is Elad Israel Residences, which Adv Hanni Avinery and Ofer Freilich have advised on a number of projects, including the sale of 550 residential units in the Park TLV project in Tel Aviv. Additionally, Adv Alon Yoeli is acting for a development partnership, which includes one of the country's largest real estate companies and a major institutional investor, in relation to a project that will deliver over 100,000 sqm of office, commercial and residential space. Also recommended are Adv Yoseph Cohen and Einat Izhak, who assisted Amdocs with its acquisition of a development site, and are continuing to advise the client on land leases for the site's future development. Adv Dana Peleg Slobodkin is another key contact.

Tadmor Levy & Co.

Tadmor Levy & Co. advises real estate developers, banks, financiers and corporate occupiers on large-scale residential and mixed-use development projects. The department is led by Sigal Shapira, who advised Friedman Chachshoori Engineering and Building Company on its sale of development rights for 600 residential units in the Park TLV project; this transaction also involved an option to purchase one-third of the development rights for an additional 2,500 residential units. Further, the team is acting for YH Dimri Construction and Development in relation to its successful bid for a residential development in Netivot under the framework of the Mechir Lamishtaken programme. In the finance space, Shapira advised Israel Discount Bank on the provision of financing for five large-scale projects, the first stages of which drew financing of approximately NIS1.5bn. Additionally, the practice group has handled high-value lease transactions for corporate occupiers such as Leumi Card and Decathlon Group. Senior associate Shoam Keren joined the firm from Charcon, Ben Ami, Asher & Co. Law Offices and now heads the group's planning and zoning practice within the larger real estate group.

Weksler, Bregman & Co., Advocates

In terms of client service, Weksler, Bregman & Co., Advocates is 'second-to-none in the Israeli market'. The department has considerable strength acting for real estate companies in large development and investment mandates, as it does acting for major Israeli banks in real estate finance transactions. The department is led by Avi Ben-Yaacov, who handles a range of real estate matters for AFI Group, including property sale and purchase transactions, development and construction projects, and dozens of financing transactions. In particular, the team advised Africa Israel Hotels on the NIS950m sale of its business, which was primarily eight large-scale hotel assets, to the Dayan family; following the transaction, the team was retained by the purchaser to provide ongoing legal advice with regard to the acquired hotel chain. Further, Ben-Yaacov assisted an asset manager with a lease transaction in the highly sought after Sarona Tower. In the finance space, the practice group acts for many of the country's major bank lenders on a litany of real estate finance transactions. Another key contact is Taly Salton-Yeshua.

AYR – Amar Reiter Jeanne Shochatovitch & Co

AYR – Amar Reiter Jeanne Shochatovitch & Co handles a wide range of real estate matters for real estate companies, construction and engineering contractors, investors and corporate occupiers. In perhaps the group's flagship project, Amir AmarLiat Volanovsky Nueman and department head Omer Gadish are advising Gindi Tower Tel Aviv on its long-running residential tower project in the old wholesale market in Tel Aviv; the development will deliver 770 units in two residential towers and has future plans for an additional two towers. Another key contact is Aharon Barda, who is acting for Yossi Avrahami Civil Engineering Works in relation to a number of projects, including a 370-unit residential development in Haifa. Moreover, the team is particularly active in urban renewal projects, where it has advised entrepreneurs such as Gindi Investments and Aura Israel - Entrepreneurship and Investments.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. acts for a number of Israel's major construction companies in relation to high-value residential and mixed-use projects. The key figure in the real estate department is Israel Aziel, who provides comprehensive support to Peretz Boney Hanagev, one of the country's largest construction companies. Aziel is advising the client on several projects, including a NIS600m residential development in Haifa and a NIS400m project in Rosh Ha'ayin. The team also acts for rights holders, which recently included assisting a group of landowners with the contractual arrangements for the construction of a residential project in Tel Aviv. Aziel is also regularly engaged by international corporates in relation to high-profile lease transactions. Other key clients include Zafrir & Zohar Sharbat Investments and Grofit Yesodot.

Lipa Meir & Co

Lipa Meir & Co is engaged by real estate developers and large purchasing groups, but also provides a host of real estate services to its corporate clients, many of which own property assets throughout all of Israel. In the development space, department head Yariv Shalom is advising Sufrin Group on a multitude of residential, commercial and logistics development projects. Shalom also provides comprehensive real estate advice to Israel Postal Company. Additionally, Amit Sela is advising Harel Insurance Group on a number of real estate investment transactions, including its NIS350m acquisition of a stake in a shopping mall in Kfar Saba, and its acquisition of the Alma Hotel, a luxury hotel and historical site in Tel Aviv. The team has also been engaged by several major purchasing groups and has handled lease transactions for clients such as Astral Hotels.

Naschitz, Brandes, Amir & Co.

Naschitz, Brandes, Amir & Co. has experience in real estate investment and development mandates and is especially active in the urban renewal space, where it acts for entrepreneurs and tenants. The department is led by Shmuel Lechner, who advised Aka Nadlan Nehasim & Hashkaout on the joint venture purchase of a 50% stake in a development site in Jerusalem, which will deliver 160 apartments and 40,000 sqm of commercial space. Lechner also handles planning mandates, which recently included representing Israel Canada Group in an opposition procedure concerning an outline plan proposed by the Kadima-Zoran authorities. Another figure in the team is Shira Ozik, who advised Migdaley Shekel, among others, on the sale of an 11,000 sqm office and commercial building in Kfar Saba.

S. Friedman & Co. Advocates & Notaries

S. Friedman & Co. Advocates & Notaries handles property investment and development transactions for real estate companies and corporate occupiers. In a standout matter, department head Hadar Tal advised KMA Holdings on the purchase of shares in Liberty Company, and subsequently advised Liberty Company on the NIS250m sale of its rights in the Bat Yam Mall to Israel Kanionim. Tal is also acting for Dar Nofarim in relation to two residential developments in Kiryat Motzkin, totalling 300 residential units. Additionally, Amit Yinon is advising Shagrawi Planning & Construction on the sales of lots for DIY residential construction, in aggregate value of roughly NIS130m. Other key figures include Terry Almozlino-Arnon and Merav Gilboa, the latter of whom assisted Summit Real Estate Holdings with multiple investment transactions in 2018.

Shibolet & Co. with Raved, Magriso, Benkel & Co.

The real estate team at Shibolet & Co. with Raved, Magriso, Benkel & Co. has a broad client base, including real estate companies, investors and purchasing groups, municipalities, and landowners. Two key figures in the team are Eran Balint and Yair Salomon, who are acting for Rozio Group, one of the country's largest purchasing groups, in relation to two major residential projects. The duo is also advising Seminar Hakibutzim on the development of a 30,000 sqm campus as part of a combination project in Tel Aviv. Also of note, the team is advising a consortium of American investors on a major tourism and commercial real estate project at Bat Yam beach, which will deliver a hotel and resort units and a commercial centre totalling roughly 54,000 sqm. The practice group has also assisted Tel Aviv Municipality and The Municipality of Jerusalem with its role in a number of residential and commercial developments.

Yehuda Raveh & Co.

Yehuda Raveh & Co. runs a sizeable real estate department with expertise in cross-border investment, real estate finance, land and property transactions, and commercial leasing. The department is led by Uri Yamin and has complementary expertise in planning and zoning as well as tenders and administrative law.

Avraham Lalum & Co. Law Offices

Avraham Lalum & Co. Law Offices is experienced in large residential and mixed-use development projects, though the team also has experience in cross-border investment transactions, particularly in Central and Eastern Europe. The department is led by Shachar Aharoni, who is advising KBY Holdings on the development of a large assisted living complex with commercial and parking space in Rishon LeZion. Further, Dalit Machtinger is acting for Azorim Investment Development and Construction in relation to the development of a new neighbourhood in Afula, which will include several thousand new housing units, education facilities, and public and commercial areas. Also of note, the team is acting for US-based EXON Capital Group in relation to multiple financing and investment deals involving projects in Ukraine.

Epstein Rosenblum Maoz (ERM)

The real estate team at Epstein Rosenblum Maoz (ERM) was strengthened in 2018 by its merger with Zahavi-Blau & Co, which brought to the firm a team of associates and partners, including Yoav Zahavi, who has expertise in commercial real estate, hotels and urban renewals. Of particular note, Zahavi is acting for the United Sarona purchasing group; the purchasing group comprises 550 individuals and companies and recently won the Israel Land Authority's tender for the purchase of development land in the Sarona area of Tel Aviv, which is among the city's most prominent development sites. Zahavi now jointly heads the real estate team with Erez Gurion, who is engaged by real estate companies such as Mivne Group, which he advised on multiple asset sales in Jerusalem, Kiryat Gat and Be'er Sheva. Gurion and Gilad Maoz are also acting for one of the owners of Brown Hotels in relation to several property acquisitions in Tel Aviv.

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co.'s real estate team has experience in commercial and residential investment and development mandates, and is often involved in the firm's consistently large and complex M&A transactions. Department head Roy Harash assisted Solel Boneh Infrastructure with a carve-out of several real estate assets in connection with its acquisition of Menorah Izu Aharon. In the corporate occupier space, Harash advised OPSI International Handling on a long-term lease agreement for a 13,000-sqm logistics facility in Modi'in. Additionally, the team is advising Asdan Israel with the housing sales associated with a residential development project in Jerusalem, and is acting for an international luxury hotel operator in relation to the development of a large-scale project in Tel Aviv. The team also advises domestic banks on ongoing property sales and financing transactions.

Eshel, Ashlagi, Rozent - Law Offices

At Eshel, Ashlagi, Rozent - Law Offices, clients can expect 'high-quality service from a very experienced team', which works across the gamut of development mandates in the residential and logistics sectors. Founding partner Eli Eshel, who is highly regarded among his clients, is engaged by purchasing groups, corporate occupiers and entrepreneurs. Eshel is acting for Zohar & Zafrir Sharbat in multiple development projects associated with the country's Mechir Lamishtaken affordable housing programme; he is also advising the Danshar Group on the land purchase agreements and ongoing development of a 100,000-sqm logistics centre. Other key clients include Modi'in 1 Investments, Barak Lavi Investments, and The Ligad Group.

Miller & Co. Law Office

Miller & Co. Law Office is a real estate boutique with expertise in major residential development projects and urban renewals. Of particular note, founding partner Yossi Miller is advising Mishan Center on a number of development projects, including a NIS260m mixed-use project in Tel Aviv and a large residential project in Haifa. The team also has experience in commercial development projects, where Miller is acting for Industrial Buildings Company and The Haifa Economic Corporation in relation to the construction of the 85,000-sqm Life & Science Park in Haifa. Moreover, Miller handles malpractice claims in the real estate sector and also advises Apartments for Rent - The Governmental Company for Housing and Rental on land tax issues associated with its lease fast project.

Miron, Bension & Prywes

Miron, Bension & Prywes has been engaged by development companies and constructors as well as domestic and international real estate companies and investors. A key contact in the real estate department is Ofer Zamir, who has experience with real estate development projects in Israel, and has also completed cross-border property sales and purchase transactions involving jurisdictions in Europe and the US. Itzchak Miron heads the office and is another contact in the real estate group.

S. Horowitz & Co

S. Horowitz & Co is active in commercial and residential development mandates and leasing transactions, advising domestic real estate companies and purchasing groups. Jointly headed by Leor Nouman and Avigail Kastiel, the team provides ongoing support to Minhal Megurim Israel, which manages development projects and arranges large purchasing groups throughout Israel. Further, Kastiel advised Minrav Group on a property sale transaction in the Ashdod Industrial Zone, and is also acting for a successful joint bidder in relation to a government tender for the establishment of 550 residential units across multiple Israeli cities. Also of note, Nouman is acting for Ofarim Bashron Promotion & Construction in relation to the development of a hotel and residential tower in Netanya.

Tik, Gilad, Keynan, Blacharski - Law Offices

Tik, Gilad, Keynan, Blacharski - Law Offices is a real estate boutique with considerable experience acting for major Israeli constructors and development companies in land transactions, large residential projects and urban renewals. Key figures in the team include Ophir KeynanBoaz Haim and Ben Hillel, who have handled matters on behalf of clients such as A. Luzon Real Estate, Tidhar Yuvalim, and Israel Land Development Company.

Salomon, Lipschütz & Co.

The team at Salomon, Lipschütz & Co. handles property portfolio management for large domestic corporates and also has experience in commercial development mandates and property sales and purchase transactions. The key figure in the department is Hanoch Morgenstern, who is advising Amirey Zichron Yaacov on the development of the Energy Park in Hadera, which will deliver roughly 40,000 sqm of commercial space in addition to two office towers. Morgenstern is also acting for Shikun & Binui Real Estate in a number of shopping mall developments in cities including Netanya and Be'er Sheva. In the residential space, Morgenstern is assisting a development partnership with the establishment of a residential project in Hadera, which with include 126 new housing units and an adjacent commercial space. The team also handles real estate litigation and urban renewal projects.