None of the company's recent sales were for less than book value.
Delek Real Estate Ltd. (TASE: DLKR) has sold an industrial property at Poleg industrial zone in Netanya for NIS 13.5 million. The company books the property at a value of NIS 12 million. The company did not disclose the name of the buyer.
This is the latest property sale by Delek Real Estate, which has sold assets for NIS 372 million in recent weeks. None of the properties were sold for less than their book value.
There is no lien or debt on eight-dunam (two-acre) lot with 3,000 square meter of buildings. Delek Real Estate owned the property through Sahar Holdings (1967) Ltd.
Delek Real Estate's share fell 5.5% by midday today to NIS 3.18. The share was relegated from the Real Estate 15 Index in the latest update.
Published by Globes [online], Israel business news - www.globes-online.com - on January 8, 2009
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