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Real Estate / Urban Renewal

Our firm’s Real Estate department is involved in some of the largest and most important urban renewal projects in Israel.

An urban renewal project involves many stakeholders – apartment owners, entrepreneurs, contractors, neighbors, local authorities, real-estate brokers, and service providers – each of whom influences aspects of the project. These aspects include the apartment owners’ rights, planning and licensing, financing, tax, and more.

 

Considering the complexity of urban renewal projects, selecting the right law firm is a critical factor in their successful completion. Possessing expertise on the above aspects is essential.

 

Our firm offers comprehensive legal services and guidance throughout a project. It provides preliminary examinations of all aspects of the project; conducts negotiations between the entrepreneurs, contractors, and tenants; determines preliminary feasibility; drafts and signs agreements; oversees reporting to the tax authorities, monitors the preparation of plans; handles discussions with the planning and building committees; obtains all permits; engages with the bank financing the project; counsels on all of the project’s financing aspects; evacuates tenants until the project is completed; handles the delivery of new apartments to apartment owners; registers the condominium building; and registers the apartment owners’ rights to the new apartments.

 

We represent and provide a full spectrum of legal services to public and private companies, entrepreneurs, contractors, and tenants during NOP 38 projects (“demolish and build” or “retrofit and renovate” projects). This is at an inclusive volume of more than 11,000 new housing units in Tel Aviv, Ramat Gan, Givatayim, Bat Yam, Rishon LeZion, Yehud, Hadera-Giv’at Olga, Ness Tsiona, Ashkelon, Ashdod, Haifa, Nahariya, Jerusalem, Kiryat Ono, Petah-Tikva, Ramat HaSharon, Hod HaSharon, Raanana, Herzliya, Netanya, Holon, Yavne, and more.

 

Our firm was ranked by the 2019 Dun’s 100 guide as a leading law firm in the urban renewal field.

 

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News and updates - Real Estate / Urban Renewal:


October 29, 2020

An Urban Renewal Project Agreement Is Not Transferrable

In urban renewal projects, residents or owner’s rights holders select the company with whom they are willing to embark upon this long journey, based on relationship of trust and competence. The trust required leads both parties to execute a binding agreement. Understandably, residents expect the company which whom they have contracted with to remain unchanged and not for those rights not to be transferred to other parties.

February 10, 2020

The Battle over Pinui & Binui: Ministry of Justice Wants You to Receive More for Each Apartment

Eldar Adato was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of Pinui & Binui projects to 12 sq. m. Adato explains that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.

December 5, 2019

Urban Renewal Authority Halts Projects Due to Improper Obtaining of Signatures

Eldar Adato was interviewed by TheMarker following a precedential decision by the Urban Renewal Authority to halt "evacuation and reconstruction" projects following the improper and harmful obtaining of signatures by the developer. According to Eldar, the State acted properly in its intervention in this case.

Real Estate / Urban Renewal

Our firm’s Real Estate department is involved in some of the largest and most important urban renewal projects in Israel.

An urban renewal project involves many stakeholders – apartment owners, entrepreneurs, contractors, neighbors, local authorities, real-estate brokers, and service providers – each of whom influences aspects of the project. These aspects include the apartment owners’ rights, planning and licensing, financing, tax, and more.

 

Considering the complexity of urban renewal projects, selecting the right law firm is a critical factor in their successful completion. Possessing expertise on the above aspects is essential.

 

Our firm offers comprehensive legal services and guidance throughout a project. It provides preliminary examinations of all aspects of the project; conducts negotiations between the entrepreneurs, contractors, and tenants; determines preliminary feasibility; drafts and signs agreements; oversees reporting to the tax authorities, monitors the preparation of plans; handles discussions with the planning and building committees; obtains all permits; engages with the bank financing the project; counsels on all of the project’s financing aspects; evacuates tenants until the project is completed; handles the delivery of new apartments to apartment owners; registers the condominium building; and registers the apartment owners’ rights to the new apartments.

 

We represent and provide a full spectrum of legal services to public and private companies, entrepreneurs, contractors, and tenants during NOP 38 projects (“demolish and build” or “retrofit and renovate” projects). This is at an inclusive volume of more than 11,000 new housing units in Tel Aviv, Ramat Gan, Givatayim, Bat Yam, Rishon LeZion, Yehud, Hadera-Giv’at Olga, Ness Tsiona, Ashkelon, Ashdod, Haifa, Nahariya, Jerusalem, Kiryat Ono, Petah-Tikva, Ramat HaSharon, Hod HaSharon, Raanana, Herzliya, Netanya, Holon, Yavne, and more.

 

Our firm was ranked by the 2019 Dun’s 100 guide as a leading law firm in the urban renewal field.

 

Back to Real Estate

News and updates - Real Estate:


October 29, 2020

An Urban Renewal Project Agreement Is Not Transferrable

In urban renewal projects, residents or owner’s rights holders select the company with whom they are willing to embark upon this long journey, based on relationship of trust and competence. The trust required leads both parties to execute a binding agreement. Understandably, residents expect the company which whom they have contracted with to remain unchanged and not for those rights not to be transferred to other parties.

February 10, 2020

The Battle over Pinui & Binui: Ministry of Justice Wants You to Receive More for Each Apartment

Eldar Adato was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of Pinui & Binui projects to 12 sq. m. Adato explains that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.

December 5, 2019

Urban Renewal Authority Halts Projects Due to Improper Obtaining of Signatures

Eldar Adato was interviewed by TheMarker following a precedential decision by the Urban Renewal Authority to halt "evacuation and reconstruction" projects following the improper and harmful obtaining of signatures by the developer. According to Eldar, the State acted properly in its intervention in this case.

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