AFI USA sold three lots in two separate transactions.
AFI USA Inc., the US arm of Africa-Israel Investments Ltd. (TASE:AFIL), controlled by chairman Lev Leviev, has sold three lots in Brooklyn in two separate transactions for $16 million (NIS 64 million).
In one deal, closed in August, AFI USA sold a lot for $7 million (NIS 28 million. In the second deal with a different party, the company sold two lots for $9 million (NIS 36 million).
AFI USA CEO Tamir Kazaz said, "The properties that AFI USA sold are in line with its strategy to sell properties from its portfolio at prices reflecting a fair and worthy amount. The high proceeds in the two transactions demonstrate the quality of the company's properties in the US, including the old New York Times building on Times Square."
Published by Globes [online], Israel business news - www.globes-online.com - on September 19, 2012
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