We were pleased to take part in a landmark transaction, in which we represented the Japanese parent company, The Yokohama Rubber Co., Ltd., and its Israeli subsidiary, Alliance Tire Company, in one of the most prominent real estate deals signed in Israel in recent times. As part of the transaction, the former Alliance factory compound in Hadera was sold to Mega D.C., a member of the Mega Or Holdings group, whose shares are traded on the Tel-Aviv Stock Exchange, for approximately NIS 1 billion plus VAT, in an all-cash deal. This was a complex and significant international transaction that involved intensive work with the Japanese parent company alongside an Israeli management team led by the Directors of the Yokohama Off-Road branch in India — a unique multinational combination that added a layer of complexity to the management of the deal. This is one of the largest transactions involving a Japanese company in Israel in recent years.
The compound, located in the Hadera industrial zone, spans approximately 180 dunam (roughly 45 acres) and includes approximately 100,000 square meters of buildings and infrastructure. The scope and terms of the deal were exceptional by local real estate market standards — from the date of signing through to the transfer of possession and full payment of the consideration, less than one week elapsed. The transaction was further characterized by additional complexity, given that at various stages several possible structures were examined in parallel , and the different nature of the seller’s rights in the land, to mention just a few. The attractiveness of the property stemmed from its significant size and regular shape, its strategic location and vicinity to main roads, and the economic potential of its development, including potential for the establishment of data centers on the plot.
The Japanese parent company, The Yokohama Rubber Co., Ltd., and its Israeli subsidiary, Alliance, were represented by a multidisciplinary team from our firm, including attorneys Ofer Bar-On, Roee Hecht, Yaron Silver, Micki Shapira, Amit Shohat, Shelly Lev-Sherman, Boaz Feinberg and Dan Toledano.
