Adv. Elad Cohen, a partner in the Real Estate and Urban Renewal Department at our firm, accompanies the developer EWAVE Real Estate in several projects in Tel Aviv, including a combination deal published in the Urban Renewal section of Globes Real Estate.
The transaction mentioned above consists of a building on an 846-square-meter lot on Shenkin Street in Tel Aviv, where 23 residential units and commercial spaces will be built, utilizing the existing building rights and the tax benefits according to TMA 38.
The transaction was signed with a family primarily of foreign nationality and therefore carried out on a short and intensive schedule, taking into account the expiration date of TMA 38.
