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Latest Updates / Real Estate Transactions
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 20, 2025
Representing Aviv Group in ILS 1.4 Billion Financing Agreement for Tel Aviv Project
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 ILS 1.4 billion.
July 2, 2025
Representing Meuhedet Health Services in Real Estate Transactions Totaling ILS Hundreds of Millions
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. 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 ILS 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 ILS 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.
June 16, 2025
New Ruling: Local Authorities Can Limit Accessible Parking Allocation
In May 2025, the district court issued a precedent-setting ruling regarding a local planning and building committee’s authority to demand that accessible parking spaces remain part of the common property and not be assigned to apartments in a new building.
May 27, 2025
Jerusalem Property Sold for Nearly ILS 80 Million
An approximately 100-year-old villa, located on an 860 sqm lot in the Talbiya neighborhood of Jerusalem, was recently sold for ILS 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.
June 8, 2023
Simulated Contracts and Concealed Agreements
The Israeli Supreme Court’s ruling contains strict determinations regarding simulated contracts whose sole purpose is to defraud the tax authorities and the banking system. Inter alia, the Supreme Court addressed an ongoing judicial debate about the classification of simulated contracts.
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.
May 11, 2021
Representing Azrieli in NIS 860 Million Agreement with SolarEdge
Our firm represented the Azrieli Group in an agreement with SolarEdge to build the solar energy company’s new campus, at an investment of approximately NIS 860 million. The future campus will be built by Azrieli on a 6.5 acre site in Glilot North, east of the coastal highway (Road 2), which was purchased from private owners. Advs. Terry Almozlino Arnon and Alon Wolner represented Azrieli in the transaction.
December 10, 2019
Modifications to an Apartment at the Purchaser's Request Do Not Constitute Just Cause for Late Delivery of Possession
A recent judgment by the Hadera Magistrate's Court holds that modifications to an apartment made at a purchaser's request do not constitute just cause for late delivery and that the purchaser must be compensated for any delay.
November 7, 2019
Assuring Apartment Purchasers' Money
Israeli's Ministry of Construction and Housing recently imposed a NIS 6.5 million financial sanction on the developer of a TAMA 38 project in Kiryat Bialik. The developer was fined after failing to produce a guarantee to purchasers of apartments in the project for funds they had paid toward the unit price, as required by the Assurance of Investments Law.
July 23, 2019
Interview about Purchasing Groups
Our firm was interviewed by TheMarker following publication that a group of apartment purchasers in the exclusive Blue project submitted a claim against Canada Israel. We explained more about purchasing groups and noted that "those who join purchasing groups become entrepreneurs together with the other group members and, as a result, are dependent on the management of the group. The group members have no final price for the apartment, there is no final date for occupancy, and there are no guarantees for the money that they pay. It is important to remember that despite the possibility of large savings in the value of the future apartment, which sometimes reaches 20%, there are many projects managed incorrectly and that sometimes even cost the group more money than they would pay if they were buying an apartment directly from a contractor."