Yitzhak Tshuva-controlled Delek Real Estate Ltd. (TASE: DLKR) subsidiary Delek Global Real Estate plc has sold its last property in Canada, the 5001 Yonge Street office building in Toronto, for C$108 million (NIS 398 million).
Delek Global Real Estate books the property at a value of $C89.2 million (NIS 328 million) and the outstanding loan on the property is C$65 million (NIS 239 million).
The 28,966-square meter, 19-storey building in downtown Toronto is leased to the Royal Bank of Canada Inc. (NYSE; TSX: RY) and to government offices.
Delek Real Estate owns 85% of Delek Global Real Estate. Delek Real Estate's share price rose 5.2% in morning trading today to NIS 0.24, giving a market cap of NIS 90 million.
Published by Globes [online], Israel business news - www.globes-online.com - on December 11, 2011
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