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Insights & News / Real Estate Transactions
July 28, 2025
Representing Azrieli Group in Flagship "Azrieli Town" Project in Tel Aviv
Our firm is representing Azrieli Group in its flagship project in Tel Aviv – Azrieli Town – which includes two 50-story office towers, a 63-story residential tower, retail areas, and open public spaces. We are advising the group on all aspects of the project, providing end-to-end legal support.
July 28, 2025
Advising Azrieli Group on New Assisted Living Project Awarded in Government Tender
We are advising the Azrieli Group on the development of a new assisted living project in the Sde-Dov neighborhood in northern Tel Aviv, following Azrieli’s win in a government tender for the establishment of a large-scale senior housing complex. The Sde-Dov area, located on the grounds of the former airport, is being developed into a new residential district planned to include approximately 16,000 housing units, a central park, and the preservation of historic elements.
July 27, 2025
Representation of 119 Apartment Owners in a Premier Urban Renewal Project in Haifa
We represent 119 apartment owners in the Navy complex in Haifa, a highly sought-after real estate project featuring demolition of nine buildings and construction of approximately 460 new housing units. Our legal services include drafting tenant agreements, ongoing legal counseling, tax advice, planning and zoning guidance, and handling challenging tenant matters.
July 27, 2025
Representation of Kedar Group in Luxury Pinui-Binui Projects Valued at Approximately ILS 330 Million
Our firm represents Kedar Group, a leading developer in Israel’s urban renewal sector, in nine luxury pinui-binui projects located in Ra’anana, Ramat HaSharon, and Herzliya. Each project includes approximately 30 residential units, with a total estimated value of around ILS 330 million. We provide comprehensive legal support throughout all stages, including complex zoning processes, developer tenders, financing and contractor agreements, as well as ongoing assistance with marketing and sales.
July 27, 2025
Representing Akro Real Estate Group in an Urban Renewal Tender in Bat Yam
Our firm’s Real Estate Department is representing Akro Group, which won a Pinui-Binui tender in Bat Yam as part of a large-scale urban renewal project that includes plans to construct approximately 380 new housing units in Jerusalem. The department is managing the transaction end-to-end, handling a variety of real estate, regulatory, and commercial issues, and providing ongoing support in the initiation and development of this complex project.
July 27, 2025
Representing Aura in a Major Urban Renewal Project in Ma'alot
Our firm is advising Aura on a large-scale urban renewal (Pinui-Binui) project in the historic Rasco neighborhood of Ma'alot. The project entails the demolition of 248 old housing units and the construction of approximately 1,100 new residential units across six modern towers, along with commercial areas, office space, and public facilities. Spanning approximately 53 dunams (13 acres), the project is one of the most significant urban regeneration initiatives in the Western Galilee region.
July 27, 2025
Representing Aura in a Major Urban Renewal Project: 800 New Housing Units in Nesher
Our firm is representing Aura in a major urban renewal (Pinui-Binui) project in northwestern Nesher, covering approx. 6.2 dunams. The plan includes demolishing 152 old units and building around 800 new apartments, along with commercial, office, and public spaces. Residents will benefit from expanded apartments, sun balconies, parking, storage, reinforced security rooms, and upgraded infrastructure. The project also offers a 10-year maintenance fund and potential profit-sharing for existing residents.
July 20, 2025
Representation of Aviv Group in a NIS 1.4 Billion Financing Agreement for a Project in Maoz Aviv, Tel Aviv
The firm represents Aviv Group, controlled by Melisron Ltd., one of Israel’s leading real estate companies specializing in the development and construction of residential, commercial, and luxury projects. We recently advised the group on a financing agreement with Mizrahi-Tefahot Bank for a project in the Maoz Aviv neighborhood of Tel Aviv, with credit facilities totaling approximately NIS 1.4 billion.
July 2, 2025
Representing Meuhedet Health Services in Real Estate Transactions Totaling Hundreds of Millions of Shekels
Our firm represents Meuhedet Health Services, the third-largest HMO in Israel, in a wide range of real estate matters across the country — from negotiating and drafting lease agreements for clinics, to advising on the acquisition of properties of significant value. Among other matters, we represented Meuhedet in the purchase of a commercial property in Bnei Brak for approximately ILS 40 million, and we are currently advising on a transaction for the acquisition of commercial properties in Bnei Brak and Beit Shemesh valued at over ILS 100 million.
July 1, 2025
Representing Azrieli in the Acquisition of Control over Zemach Hammerman
Our firm is representing Azrieli in a strategic transaction to acquire control of Zemach Hammerman, with an estimated company valuation of approximately NIS 635 million, as part of a reverse triangular merger. Under the original offer, Azrieli aims to purchase about 67% of Zemach Hammerman’s shares for up to NIS 440 million, marking the group’s expansion into residential real estate development and construction in Israel. Our firm is supporting Azrieli throughout all stages of the transaction, including legal counsel on regulatory matters, transaction structuring, negotiations, and public company risk management.
June 23, 2025
Barnea: Representing Azrieli Group in ILS 855 Million Acquisition
Our firm represented Azrieli Group in its acquisition of a 67% controlling stake in Zemach Hammerman, a complex transaction valued at approximately ILS 855 million. The deal was executed through a reverse triangular merger. Azrieli Group was advised by Advs. Micky Barnea, Misha Gitterman, and Tal Freilich, with additional support from our Real Estate, Employment, and Capital Markets Departments.
May 27, 2025
Jerusalem Property Sold for Nearly NIS 80 Million
An approximately 100-year-old villa, located on an 860 sqm lot in the Talbiya neighborhood of Jerusalem, was recently sold for NIS 79 million. Adv. Alon Wolner, a partner at our firm, represented the buyer in this high-profile transaction between well-known parties.
April 10, 2025
What’s Next for Israel’s Real Estate Market?
The Israeli real estate market is facing both local and global pressures – from wars to rising interest rates and economic uncertainty. Alon Wollner, a partner at our firm, was interviewed for a TheMarker article discussing the challenges and opportunities in the evolving real estate landscape.
March 10, 2025
Adv. Alon Abcasis in Article for Ynet: Building Rights in Urban Renewal
After a new record was set in 2024 for the number of evacuation and reconstruction complexes in Israel, YNET conducted a study among cities in the Tel Aviv metropolitan area to determine which city grants the most building rights in urban renewal. Alongside industry experts, Adv. Alon Abcasis, partner and head of the Residential and Urban Renewal department at our firm, was interviewed for this fascinating study on the gaps between Givatayim and Tel Aviv in this regard.
March 1, 2025
Advising Azrieli Group on the Construction of the Spiral Tower in Tel Aviv
Our firm advises the Azrieli Group on the development of the Spiral Tower, currently under construction and located east of Menachem Begin Road, in Tel Aviv’s northern business district. The group has obtained a permit to build a mixed-use skyscraper of up to 91 stories (approximately 350 meters tall), including a seven-level underground parking facility with about 1,150 parking spaces. The project allows for the construction of 148,000 square meters of commercial, hotel, and residential space. At the tower’s base, a 13,000-square-meter shopping mall is planned as an extension of the existing Azrieli Center Mall.
February 23, 2025
Dun's 100 - Real Estate and Urban Renewal Sector
The Dun's100 Forum for Senior Legal Professionals in the Real Estate and Urban Renewal Sector convened to discuss the challenges and opportunities for 2025.
Adv. Alon Abcasis, Partner at our firm and Head of the Urban Renewal and Residential Real Estate Department, addressed the impact of the War in Israel on the Israeli real estate industry during the year 2024 and what is next to come in 2025.
July 3, 2024
Barnea: Representing Azrieli Group in Lease Transaction with NTA
Our firm represented Azrieli Group in a multimillion-shekel lease transaction with NTA – Metropolitan Mass Transit System Ltd. As part of the transaction, NTA will expand its office space at Azrieli Business Park Holon from 8,000 to 12,000 square meters. Alon Wolner and Hili Michaeli represented Azrieli in the transaction.
July 2, 2024
Contractor Loans: Terry Almozlino Arnon Interview with Globes
Terry Almozlino Arnon, the head of our firm's Real Estate Department, spoke with Globes about the future of contractor loans.
December 11, 2023
Barnea: Counsel in Israel’s Most Expensive Real Estate Transaction in October 2023
Alon Wolner and Shoval Mandel, provided legal representation in the purchase of a Tel Aviv penthouse for over ILS 22 million. This was the most expensive real estate transaction in Israel in the month of October.
October 4, 2021
Representing Azrieli Group in NIS 1.31 Billion Acquisition of Mall Hayam
Our firm represented Azrieli Group, the largest income-producing real estate company in Israel, in the acquisition of Mall Hayam for NIS 1.31 billion.
Firm partners Terry Almozlino Arnon, Ilan Blumenfeld, and Alon Wolner represented Azrieli in the transaction.