Large parts of the State of Israel are based on ‘old’ planning that does not make optimal use of urban space. Many buildings are old and dilapidated, and are not resistant to external events such as earthquakes. This is just one of the reasons that urban renewal processes have become very common in the last decade. Indeed, such projects are a key growth engine in the Israeli real estate market.
The lawyers and partners in our Real Estate Department are involved in hundreds of urban renewal projects, of all types and from all ‘angles’, from structural strengthening projects and ‘small’ construction additions of individual apartments, to huge projects that involve the demolition of hundreds of units and the construction of hundreds, and even thousands, of new apartments in their place.
We have supported, and continue to support, every type of party that operates in the field – real estate companies, government companies (for public housing), entrepreneurs, contractors, financial entities and more. Our wide-ranging experience, and familiarity and understanding of the economic and legal interests of the parties involved, enable us to find precise and creative solutions for our clients.
