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Jun 16, 2015

HFN Represented Teva Pharmaceutical Industries Ltd. in its purchase of land in the Ra'anana Industrial area from Union Properties Ltd.

Herzog Fox & Neeman represented Teva Pharmaceutical Industries Ltd. in its purchase of land in the Ra'anana Industrial area from Union Properties Ltd. (importer of Toyota and Lexus), a company controlled by Mr. George Horesh. The land has an area of approximately 43 dunams. The acquisition of land is part of a strategic move by Teva to transfer its headquarters and laboratories from Petah Tikva to Ra'anana.

Herzog Fox & Neeman is handling the planning and execution of the tender for the construction of Teva's Campus in Raanana. The value of this project is estimated at hundreds of millions of shekels.

The transaction was led by Moshe Hardi, Partner, Real Estate and Construction and Aviv Parienty, Advocate, Real Estate and Construction.

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