Gazit Globe’s Financing

Gornitzky represented Clal Insurance in a financing transaction that provided Gazit Globe a one billion NIS (approx. US$286.52 million) loan.

The loan is for a period of ten years and is secured by a lien of the large G-City Center strip mall (G-Cinema, G-One, G-Two and G-Fashion) in Rishon Le’Tzion.

Clal Insurance Company Ltd. was founded in 1962. The Company’s line of business includes providing various business services.

The Gornitzky team was composed by Partners Elite Elkon (Picture) and Lior Relevy, along with Associate Zeev Bienenstock.

Involved fees earner: Zeev Bienenstock – Gornitzky & Co.; Elite Elkon – Gornitzky & Co.; Lior Relevy – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Clal Insurance Enterprises Holdings Ltd.;

Author: Michael Patrini.