Yigal Arnon & Co. has one of the largest real-estate departments in Israel, including over thirty professionals and support staff, operating out of our offices in Tel-Aviv and Jerusalem.
Our expertise, gained over decades in many of Israel's most significant commercial, industrial, office, shopping center, hotel, resort, residential and mixed-use real estate projects, has given us a reputation for `closing the deal`.
We enjoy working closely with our clients and becoming familiar with their businesses and unique legal issues, enabling us to devise efficient and innovative solutions. Our services include the preparation of:
- Due diligence / property searches
- Property acquisition
- Initial transaction structuring
- Construction agreements
- Management agreements
- Lease agreements
- Partnership and co-ownership agreements
- "Combination" transactions
- Financing arrangements
- Rezoning and regulatory procedures
- Tax planning and structuring
- Planning litigation
- All real estate-related agreements including bond issuances and public offerings relating to real estate projects and companies.
Our team is capable of handling each step of a project, even under tight schedules, ensuring the project is completed to the client's full satisfaction. We represent all types of parties in real estate projects: companies, contractors, sellers and buyers, financial institutions, tenants and owners; and our clients include major Israeli and international construction companies, construction holding companies, domestic and international banks, real estate developers and individual entrepreneurs.
We advise our clients in the formulation and negotiation of transactions, the tailoring of tax and corporate structures, the procurement of bank financing, the overcoming of regulatory hurdles, and the sale and lease of project units. We also assist our clients, including some of Israel’s leading real estate development companies, at each stage of the planning and construction process, from property re-zoning and conversion, through building plan approvals, building permits and completion certificates. Likewise, we provide related litigation services, including representation before various planning commissions and courts.
The development and management of income-yielding commercial real estate projects command special attention within the department. In particular, our team advises Israel's major shopping mall and hotel/resort chains, with respect to acquisition of properties, leasing arrangements, and day-to-day asset management.
Our team has also successfully advised bidders in major government and commercial tenders, and subsequently provided legal assistance for implementation of tender projects.
International real estate
Our Real Estate practice regularly represents Israeli companies and funds in all their international operations, particularly in Central and Eastern Europe and in India. Using invaluable experience gained through numerous transactions, and close ties forged with legal and tax professionals overseas, the team advises clients through corporate and financing structuring phases, assessment and negotiation of investments, drafting agreements and routine matters throughout the course of projects.