Shikun & Binui’s Acquisition of Land in Sde Dov

Gornitzky & Co. represented a syndicate of lenders comprising Menora, Migdal and Bank Hapoalim in the deal.

Shikun & Binui received a NIS 1 billion loan financing to support the acquisition of land in the Sde Dov area for the construction of over 500 long-term rental apartments following its award of a tender of the Israel Land Authority and government company Dira Le’haskir for a mixed-use project in the Sde Dov area.

The Gornitzky team was led by partners Inbal Badner (Picture) and Eli Elya (Head of Banking and Finance) together with associates Hana Atias and Shaked Hindi and legal intern Omer Levin.

Involved fees earner: Hana Atias – Gornitzky & Co.; Inbal Badner – Gornitzky & Co.; Eli Elya – Gornitzky & Co.; Shaked Hindi – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Bank Hapoalim; Menorah Insurance Company Ltd. ; Migdal Group;