News

| Lior Relevy
October 10th, 2016

Gornitzky represented Bank Hapoalim and Menora Mivtachim group as a syndication of lenders in a real estate financing project that is expected to include a large commercial centre in Hadera. 

Gornitzky successfully represented Bank Hapoalim B.M. and Menora Mivtachim group as a syndication of lenders in a real estate financing project that is expected to include a large commercial centre in “Agrobank Site” in Hadera. The financing that will be granted by the syndication will be used for the completion of the commercial centre in “Agrobank Site” in Hadera. This real estate financing necessitates highly complex agreements and a large security package.

 

Bank Hapoalim and Menora Mivtachim group were represented by Eli Elya (partner), Lior Relevy (partner), Inbal Badner, Ariel Zeevi and Moran Ben-Moshe.

January 4th, 2016

Gornitzky represents Altshuler Shaham Investment House in an up to NIS 90 million credit facility to "Nethaniel Group". The funds will be used, inter alia, to the construction of an office and commercial complex, located in the city of Holon, Israel.

The Loan Agreement includes a one year credit line; in an aggregate sum of NIS 45 million starting 2016 and a long term loan agreement will replace it subject to the fulfillment of several conditions precedent. The total credit facility that will be provided by Altshuler Shaham will be up to 90 million NIS.

The construction is expected to be completed by the end of 2016, and the estimated annual revenue is expected to reach NIS 10 million.

 

See full story (Hebrew)

 

Altshuler Shaham were represented by Itay Geffen (Partner), Lior Relevy (Partner), Lee Cohen and Hagar Peleg

December 23rd, 2014

Gornitzky represented Bank Hapoalim in three simultaneous real-estate financing transactions with Neptune Hotel Ltd., Sella Capital Real Estate Ltd. and Issta Israel Ltd. 

Gornitzky represented Bank Hapoalim (TASE: POLI) in three separate and simultaneous real-estate financing transactions with Neptune Hotel Ltd. (of the ILDC Group), Sella Capital Real Estate Ltd. (TASE: SLARL) and Issta Israel Ltd.

 

Bank Hapoalim was represented by Eli Elya (Partner, Banking and Finance), Lior Relevy (Real Estate), Inbal Ravid-Badner, Nir Keidar and Lior Baran.

November 26th, 2012

Gornitzky & Co. represented Terra Group in a joint venture with the Boulevard Real Estate Group for the purchase of 1.7 dunam in Ramat Gan for NIS 40 million.

Gornitzky & Co. represented Terra Group in a joint venture with the Boulevard Real Estate Group for the purchase of 1.7 dunam in Ramat Gan for NIS 40 million.

 

Terra Group, a 30% stakeholder in the project, and Boulevard Real Estate Group will utilize the land for the construction of a new housing project, which will include at least 9 floors and 100 residential units.

 

Terra Group was represented by Timor Belan (Partner) and Lior Relevy.

March 30th, 2016

Dan Public Transportation Ltd. sold 50% of its land rights in Bnei Brak to Ashtrom Properties Ltd.. The two plan to construct, among others, three office buildings, as well as a commercial complex

Dan Public Transportation Ltd. And Ashtrom Propertie Ltd. completed a transaction to sell 50% of the rights in the Dan Garage in Bnei Brak to Ashtrom for 100 million NIS.

 

According to the agreement, Dan and Ashtrom will establish a partnership, in which they will realize the land rights in order to build an office and commercial complex in the extent of 1000 sqm., including two buildings.

 

The said land is about 3.3 acres in the city of Bnei Brak. Today, it serves as a garage and bus parking lot for Dan. The partnership intends to construct three office buildings, about 35 floors each, as well as a commercial complex. In the first stage, a 40,000 sqm. tower will be built, followed by an additional similar tower, which will include, among others, commercial areas, offices and upper and underground parking lots. Simultaneously, the partnership will act to receive additional rights which will enable the construction of the third tower.

 

See full story (Hebrew)

 

Dan Group was represented by Adv. Shlomo Cohen (Partner) and Adv. Lior Relevy (Partner) and Lior Grinblat

May 13th, 2015

Partner Lior Relevy was featured in an article in The Marker regarding the deferential costs between Tama Israel and new building projects. Read the full story: 

Hebrew Item
July 25th, 2013

Gornitzky represented Terra Group in their partnership with Boulevard Group in a combination deal for the construction of 200 residential units and a commercial center in Tel Aviv.

Gornitzky represented Terra Group in their partnership with Boulevard Group in a combination deal for the construction of 200 residential units and a commercial center in Tel Aviv. The project will be built on an area of 3 dunam in the Florentine neighborhood of Tel Aviv.

 

Terra Group was represented by Timor Belan (Partner) and Lior Relevy.