News

| Real Estate & Construction
March 25th, 2018

Gornitzky successfully represented Israel Railways in an appeal filed to the Supreme Court regarding a class action approved against it.

Gornitzky successfully represented Israel Railways in an appeal filed to the Supreme Court over a ruling by the Jerusalem District Court, which approved a class action concerning the liability of Israel Railways as a holder of a public place, in accordance with the Prevention of Smoking in Public Places and Exposure to Smoking Law. Following oral arguments heard before the Supreme Court panel led by the Honorable Justice Amit, the panel recommended that the ruling be overturned, including the assertions made regarding Israel Railways' responsibility, and that the company's interpretation regarding the scope of its liabilities towards taking reasonable measures in order to prevent smoking on platforms, from here on after will be adopted. Compensation of the public using the Fund for Financing Class Actions, as well as attorney fees adjudicated by the District Court, totaling approximately NIS 7 million, will be reduced by a third.

Israel Railways was represented by Partner Noam Ronen and Associate Daniel Barlev.

March 18th, 2018

Gornitzky successfully represented Eitanit Construction Products Ltd. in a hearing before a Supreme Court panel regarding development and paving fees. 

Gornitzky successfully represented Eitanit Construction Products Ltd. in a hearing before a Supreme Court panel, headed by President E. Hayut, regarding the demand for payment of development and paving fees in the amount of approximately NIS 18 million, issued to the company by the Nahariya Municipality. The Court approved the ruling and accepted the administrative appeal filed by our firm, thereby entirely dismissing the demands and adopting the interpretation of the relevant law presented by Eitanit, regarding the question of what is an "adjacent property".


The company was represented by Noam Ronen (Partner) and Sarit Naaman Shaag (Senior Associate).

February 5th, 2017

Gornitzky firm represents Melisron Ltd. in a joint transaction with AFI Group of Sarona compound in a purchasing deal worth hundreds of millions, after winning Israel's Land Authority's auction

Gornitzky firm represents Melisron Ltd. in a joint transaction with AFI Group of Sarona compound in a purchasing deal worth hundreds of millions, after winning Israel's Land Authority's auction

The acquired land plot which is located south of the military offices in Tel Aviv is suitable for commerce and/or offices.The land plot is about 13,000 square meters, which is the largest plot in the Sarona compound in Tel Aviv, located on the corner of "Ha'arbaa" and "Leonardo de vinci" streets.

As part of the joint transaction, the counter parties have arranged all of the construction details, development, building methods,management, operation, marketing and leasing of the project that will be built by both companies.

 

Melisron was represented by Shlomo Cohen (Partner) and Maya Hoftman

November 24th, 2016

Gornitzky represents a subsidiary of Vitania in a transaction to receive credit in the amount of approximately NIS 138 million, for the funding of a construction project in Ramat Ha'Chayal

Gornitzky represented A.S. Ori Investments and Property (2000) Ltd. (subsidiary of the Vitania Company) in a transaction to receive credit in the amount of approximately NIS 138 million, from the First International Bank of Israel Ltd. This amount is meant to serve as a construction loan for the funding of a complex construction project, which will extend over an office area of about 20,000 sq. m. in Ramat Ha'Chayal. The complex will include commercial areas, a parking lot and underground storage facilities.

 

The Vitania Company was represented by Eyal Marom (Partner) and Itay Itzkovich (Partner)

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

June 21st, 2015

Gornitzky represented Bank Hapoalim and Mizrahi-Tefahot Bank in the signing of a NIS 1 billion credit agreement to finance the construction of the TLV Fashion Mall in Tel Aviv

Gornitzky represented Bank Hapoalim and Mizrahi-Tefahot Bank in the signing of a NIS 1 billion credit agreement to finance the construction of the TLV Fashion Mall in Tel Aviv. This is part of the first real-estate project ever in Israel to be financed by a syndication of banks.

 

The banks are represented by Eli Elya (Partner), Tamar Cohen (Partner), Lior Baran, Aviad Rabinowitz and Moran Ben-Moshe Sabato.

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.

October 29th, 2013

Gornitzky represented A.D.O. Group Ltd. in its acquisition of a EURO 98 million German residential real estate portfolio from British property fund manager Stenham.

Gornitzky represented A.D.O. Group Ltd. (TASE: ADO) of the Shikun & Binui Group (TASE: SKBN) in its acquisition of a EURO 98 million German residential real estate portfolio from British property fund manager Stenham for cash and shares in A.D.O. Group. The portfolio comprises 48 buildings in Berlin including approximately 1,150 residential units.


A.D.O. Group Ltd. was represented by Yair Shiloni (Partner), Dubi Gross (Partner) and Yehonatan Raff.

February 15th, 2013

Gornitzky & Co. represented Melisron Ltd., controlled by the Ofer Brothers Group, in the sale of two if its shopping malls for NIS 1.02 billion to a consortium of insurance companies.

Gornitzky & Co. represented Melisron Ltd. (TASE: MLSR), controlled by the Ofer Brothers Group, in the sale of two if its shopping malls - the Renanim Mall in Ra'anana and the Savionim Mall in Yehud - for NIS 1.02 billion to a consortium of insurance companies.

 

Melisron is selling the malls under its terms of agreement with the Israel Antitrust Authority following the acquisition of British Israel. This is one of the largest shopping mall transactions conducted in Israel's income producing property market in recent years.

 

Melisron Ltd. was represented by Shlomo Cohen (Partner) and Itai Itzkovich.

September 12th, 2012

Gornitzky & Co. represented private landowners of 55 dunam of land in Hod Hasharon in a significant combination venture agreement with two contracting companies for the construction of 400 residential units.

Gornitzky & Co. represented private landowners of 55 dunam of land in Hod Hasharon in a combination venture agreement with two contracting companies for the construction of 400 residential units.

 

The land to be sold is currently zoned as agricultural property and is expected to be rezoned as residential property.

 

The private landowners were represented by Mr. Eyal Marom (Partner), Ms. Shiri Shani (Partner) and Ms. Anna Cooperman.

March 21st, 2018

Gornitzky represented Melisron Ltd. in a NIS 188 million issuance of public bonds.

Gornitzky represented Melisron Ltd., a leading real estate company in the field of shopping malls and commercial centers, in a NIS 188 million issuance of public bonds. The bonds registered for trade on TASE.

Melisron was represented by Sharon Werker-Sagy (Partner), Inbal Zackai-Horev (Senior Associate) and Sharon Strauss (Associate).

February 8th, 2018

Gornitzky represents Ofer Sachaf Ltd. of the Ofer Investments Group Ltd in a challenging and complex transaction for the sale of the entirety of its rights for a total of NIS 111 million.

Gornitzky represented Ofer Sachaf Ltd. of the Ofer Investments Group Ltd., in a challenging and complex transaction for the sale of the entirety of its rights to a property located in Holon's industrial zone to the REIT Fund, Sela Capital Real Estate, for a total of NIS 111 million plus VAT.
The site at hand consists of three buildings known as "Beit Merkazim 2000", which are rented out to various entities including H. Mer Group, for both office and hi-tech use.
The final agreement was signed on February 6, 2018.


The company was represented by Shlomo Cohen (Partner) and Dana Suidman (Associate).

January 29th, 2017

Gornitzky represents Mr. Kobi Tribitch and his partners, in a long-term lease agreement of space in the Meier on Rothschild, thereby opening the "Rothschild-Allenby Culinary Market" for gourmet food

Gornitzky represents Mr. Kobi Tribitch, former owner of the Tiv-Taam supermarket chain (TASE: TTAM), and his partners, (including former Ikea Israel CEO, Mr. Shlomo Gabay and Eric Abramovich, owner of Masterfood Inc, in a long-term lease agreement of space in Tel Aviv's most luxurious skyscraper, the Meier on Rothschild, opening the "Rothschild-Allenby Culinary Market", with over 40 stalls, designed similarly to the Boqueria Market in Barcelona, Spain, and Eataly on Manhattan's 5th Avenue.

Our firm is also responsible for handling all matters related to the sublease of retail space to third-party vendors that will operate restaurants, food stands and shops within the market.

The developers are represented by Kfir Yadgar (Partner), Lee Cohen, Dana Suidman and Shiri Nass Magid

April 6th, 2016

Gornitzky reperesent private companies controlled by Zeitouni and Gindi in a Nis 185 million transaction 

Gornitzky reperesent private companies controlled by Zeitouni and Gindi in a Nis 185 million transaction. A. Zeitouni and Moshe and Yigal Gindi purchased two plots of land in Givat Shmuel from a subsidiary of Menora Mivtachim Holdings, with a total area of 7 Dunams, for the construction of 200 residential units.


See full story (Hebrew)

 

Both companies were represented by Adv. Eyal Marom (Partner) and Adv. Maya Hoftman.

December 23rd, 2015

Gornitzky successfully represented A.S. Uri investments & assets (2000) Ltd., a subsidiary of Vitania Ltd., in a NIS 7 Million claim against the company filed by Adv. Yehuda Zehavi, which was revoked by the Tel Aviv District Court.

Gornitzky successfully represented A.S. Uri investments & assets (2000) Ltd., a subsidiary of Vitania Ltd., in a NIS 7 Million claim against the company and Gad Proper, a Vitania Ltd. Shareholder, filed by Adv. Yehuda Zehavi. The claim of the plaintiff, Adv. Zahavi, is that Vitania made a verbal commitment to him that he would be the lawyer handling the enforcement of Vitania's rights in the assisted accommodation project, “Until 120”, and “Vitania Tower”, office building in Ramat Hachayal, Tel-Aviv. Vitania Ltd. denied such commitment was ever made to Adv. Zehavi and claimed he was paid fully for all legal services provided with connection to the Project. . The Tel Aviv District Court rejected the claim and questioned the absence of a written fee agreement, while stressing the duty of lawyers to draft written agreements at all times. 

 

 

A.S. Uri investments & assets (2000) Ltd. was represented by Eli Cohen (partner), Daniel Lasry and Alex Feldsher.

 

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
February 3rd, 2014

Gornitzky & Co. represented Fattal Hotels Ltd. in an agreement with Amot Investments Ltd. (TASE: AMOT) to lease Building C in the Amot Insurance Project in Tel Aviv, for the opening of a new business hotel.

Gornitzky & Co. represented Fattal Hotels Ltd. in an agreement with Amot Investments Ltd. (TASE: AMOT) to lease a 9,200 square meter building in Tel Aviv, for the opening of a new business hotel.


Fattal will convert the building into a 190-room business hotel under the Leonardo brand at investment of NIS 50 million. The lease is for a total of 24 years and 11 months – after the conversion of the building over a period of one year, the 20-year lease will come into effect, with an option to extend the lease by four years.


Fattal Hotels Ltd. was represented by Shlomo Cohen (Partner) and Maya Hoftman.

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.

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.