Lawyer Rankings

Israel > Real estate and construction

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 Shmueli, Asaf Eylon and Adam Spruch are also recommended.

Israel > Real estate: urban renewal

Yigal Arnon & Co has expertise in real estate development, land taxation, planning, finance and litigation, which it brings together to advise Israel’s most active real estate developers on large-scale evacuate-rebuild and TAMA 38 projects. Amalia Meshi and Naftali Nir are advising Azorim Construction on a number of urban renewal projects, including a 680-unit development in Netanya and a 400-unit project in Giv’at Shmuel. Similarly, Hagit Bavly and Asaf Eylon are assisting Afikei Smadar with the development process of an urban renewal in Kiryat Gat, which will deliver 438 new apartments in four residential towers. Another key contact is Adam Spruch, who is acting for a private equity fund in relation to the development of over 30 urban renewal projects in central Israel. The team is also acting for Acro Real Estate in an urban renewal in Tel Aviv, involving the demolition of 72 apartments and subsequent construction of 162 units and a large underground parking structure.