The shopping center chain,
Big
+ 0.43%
Base:35,050
opening:35,120
Tall:35,210
low:34,900
change:1,859,766
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, Reported the sale of two U.S. real estate properties for a total of approximately $ 31 million. Upon publication of its financial statements, the Company announced that a strategic decision had been made by the Board of Directors to implement all U.S. operations. Following the decision, the Board instructed the Company’s management to take the necessary preparatory steps to recover from the Corona crisis (full reports).
The company intends to direct the financial sources arising from the realization of operations in the US to expand operations in other geographic markets in which the company currently operates, including green energy and renewable energy. Big is interested in taking over Epic Properties, which it owns 23% with its partner Mega Or.
The American subsidiary, which owns Big 80%, has signed a sale deal for two properties. The first, an office building in Pennsylvania with a total area of 12.5 thousand square meters, was sold for $ 28.5 million. The building was purchased in 2018 by a subsidiary and another partner (20/80 holding) for $ 6 million, in which about 12 million was invested. The building was recently inhabited, with a full occupancy of 100%, and against it stands a loan of $ 12 million, so that the subsidiary is expected to have a net cash flow of about $ 13.2.
The second deal is the sale of a building with an area of about 275 square meters for $ 2.75 million. In addition, Big reports that the subsidiary is in advanced negotiations for the sale of two more buildings in areas of between 400 and 650 square meters for a total amount of about 5.2 million. dollar.
Big will take over will improve intelligence
At the beginning of the year, Yaron Adiv and Kidan Dahari bought “Yishparu Properties” from
Properties and building
+ 1.99%
Base:31,190
opening:31,190
Tall:31,810
low:31,010
change:122,199
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, For about NIS 800 million. So far they have transferred NIS 50 million and now they were supposed to transfer another NIS 100 million. They have to transfer the balance by next March, about a year after the transaction, after they sought to delay the transaction following the Corona crisis.
The rumors in the market talked about Shlomo Tisser, the owner of the income-producing real estate company
Villar
-1.9%
Base:14,220
opening:14,000
Tall:14,040
low:13,900
change:68,193
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, Plans to take over the deal and was expected to pay NIS 630 million for 70% of Mishparo Villar even reported it to the stock exchange eventually (for the full article), but now Villar and Tanoport have announced that they have not reached agreements And will grant an immediate loan of NIS 100 million to a courteous and courteous for the second payment for properties and a building. Big is expected to acquire “Yishparo Center Modiin”, the main asset of Yishparo Properties, for NIS 425 million, a profit of about NIS 100 million on the value of the property in the books (NIS 320 million)
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