Proud of our Real Estate and Urban Renewal department for closing another deal!
Adv. Erez Gurion and Adv. May Fima Cohen advised Archimedes Fund and Menora Mivtachim Group on the funding of an urban renewal deal with Gabay Group in Hadar Yosef, Tel Aviv-Yaffo.
Congratulations to our clients on another successful deal and well done to everyone involved!
Category: Deals
Epstein Rosenblum Maoz (ERM) is proud of Partner and co-head of the Real Estate Department, Adv. Yoav Zehavi, and Adv. Or Zur, for leading a groundbreaking new project in Ashkelon for the Dona Real Estate company.
Dona has been selected to carry out an urban renewal project, constructing 450 apartments in Ashkelon. The project, which spans approximately 11 dunams in the Histadrut Street area of the city, will include the demolition of 114 existing housing units and forms part of a larger 40-dunam complex, all represented by our firm.
Yoav Zehavi and Or Zur represent the residents in the project. Congrats to ERM’s Real Estate Department!
Link to the article: https://www.nadlancenter.co.il/article/10259
We are proud to advise our long-standing client, Mekorot, on the national leading tender won by the Doral company.
Under the innovative Mekorot project, photovoltaic systems are expected to be installed on the carrier, expected to generate approximately 75 megawatts of green electricity. This is an innovative dual-use project and it is hoped to be a pioneer in the field of renewable energy facilities.
The legal process was led by Amnon Epstein, founding partner and head of the Energy and Infrastructure department, and Adv. Tal Ishay, from our Energy and Infrastructure department.
We are proud of our team!
We congratulate our client, Israir Airlines, on completing the acquisition of 75% of the shares in the Cypriot logistics company Bird Aviation.
The deal was overseen by Attorney Nimrod Rosenblum – Managing Partner and Head of the Mergers and Acquisitions Department, and Adv. Michal Gazit and Adv. Noam Zimmerman – Attornies in our Mergers and Acquisitions Department and High-Tech Department. Well done to everyone involved!
Link to the article: https://bit.ly/Israir-ERM
274 new apartments: Azurim Company announces the expansion of the urban renewal project in the Iceland complex in Jerusalem, after reaching agreements with the residents of the adjacent building at 16 Columbia Street. The expansion of the project allows the company to make significant progress in the planning process.
The partners from Epstein Rosenblum Maoz (ERM) Yoav Zahavi and Aharon Shimon together with attorney Nofar Driks from the firm’s real estate and urban renewal department represent the company Azorim, which today (Monday) announces the joining of the Columbia 16 building to the urban renewal project in the Island 19 complex- 21, in which they signed an eviction agreement contract with 78% of the apartment owners. Within a few days, the company managed to reach over 60% signatures in the Columbia 16 building and the required majority in the expanded complex.
For the full article in Hebrew: https://bit.ly/3xfLz4f
We are excited to announce that our client, The Phoenix Insurance Company, will invest up to NIS 350 million in preferred shares and an additional amount of up to NIS 150 million in ordinary shares of Powergen Ltd., which is controlled by Generation Capital Fund.
We are honored to have had the opportunity to represent the Phoenix once again with respect to a complex M&A transaction.
Our team included partners Ron Abelski, Itamar Lev Eldar, and Amnon Epstein, associate Adi Rafaeli, and intern Roni Ghouila.
ERM Advised our client, Azorim, on the signing of a significant agreement with the majority of property rights holders of a property in the city of Ramat Gan.
The deal is another example of the growing recognition of the importance of new and speedier construction starts, needed to meet market demand and safe building development.
Partners Aharon Shimon and Yoav Zahavi from ERM’s Real Estate and Urban Renewal Department advised Azorim.
For the full article in Hebrew click here.
Though we – as humans, as lawyers, as a firm and as a country – are still reeling from the horrendous attack we faced on 7 October, the economy and Israel’s energy sector specifically, remain of paramount importance. We are therefore thrilled to congratulate our client, Phoenix Insurance Company, for their agreement to invest an amount of up to NIS 700 million into Meshek Energy. This strategic investment will provide Meshek Energy with the capital needed as part of its bid to acquire the major Eshkol power station from the Israel Electric Corporation at a value of at least NIS 9 billion, and is a significant milestone in the energy sector.
Phoenix Insurance was represented by partners, Amnon Epstein and Ron Abelski, with senior associate Itamar Lev Eldar, and interns Roni Ghouila and Ronnie Kohn.
For the full article in Hebrew, click
ERM Advised Bank Leumi on the financial close of the NIS 510 facility agreement with Menorah Synergy, a subsidiary of TeraLight and Senergy Renewable Energy financing a portfolio of photo-voltaic power plants on roofs and reservoirs totalling approximately 124 megawatts.
Thank you to our partners Amnon Epstein, Chen Weiss, associates Nir Shaked and Ori Nehmad from our energy department.
To read the full article in Hebrew click here.