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Nitsba sells property in France

6 Feb, 2011 12:33
שלח תגובה במיילErez Wollberg

Nitsba is selling two unoccupied office buildings with a total area of 12,000 sq.m.

Nitsba Holdings Ltd. (TASE: NTBA) signed a letter of intent on Friday for the sale of a property in France for €27 million. The company did not disclose the name of the buyer, or where the property is located.

Nitsba is selling two unoccupied office buildings with a total area of 12,000 square meters. The buyer plans to demolish the buildings and build a new 22,000-square meter office building on the site.

Nitsba expects to sign a draft contract within a month and a final contract within a year.

Nitsba's share price rose 1.2% by midday to NIS 36.53, giving a market cap of NIS 2.16 billion.

Published by Globes [online], Israel business news - www.globes-online.com - on February 6, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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