Melisron is asking NIS 170 million for the new Hamashbir department store building.
Ofer Investments Ltd. subsidiary Melisron Ltd. (TASE: MLSR) wants to sell the Hamashbir department store at Jerusalem's Zion Square. Melisron subsidiary British Israel Ltd. books the property at a value of NIS 130 million.
The five-storey 5,600-square meter building, leased to New Hamashbir Lazarchan Ltd. (TASE:MSZB), was opened in November 2011, and has a net operating income of NIS 13 million a year.
Published by Globes [online], Israel business news - www.globes-online.com - on February 9, 2012
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