Gornitzky represented Manor Urban Renewal in the deal.
Manor Urban Renewal executed a share sale transaction and a joint venture with Kardan Real Estate Ltd., for the construction of an urban renewal project in the scope of hundreds of housing units in the neighborhood, Ramat Verber, in Petach Tikva, with a projected scope of income of approximately NIS 760 million. In the course of the project, more than 120 existing apartments will be demolished, and in their place, more than 500 housing units will be built.
The Gornitzky team was led by Head of Real Estate, Construction, Planning and Zoning Adv. Shlomo Cohen (Picture), partner Lior Relevy and associate Ariel Zeewi.
Law Firms: Gornitzky & Co.;
Clients: Manor Urban Renewal ;