The sale is part of the Antitrust Authority's conditions for approving Melisron's merger with British Israel Investments in 2011.
Melisron Ltd. (TASE: MLSR), controlled by Ofer Investments Ltd., and its partner have sold the Harel Mall in Mevasseret Zion, outside Jerusalem, to an investor group for NIS 302 million. The sale is part of the Antitrust Authority's conditions for approving Melisron's merger with British Israel Investments Ltd. in 2011.
Melisron owns 40% of the Harel Mall. The Antitrust Authority has to approve the sale, which is due to be completed within a year.
The 32,500-square meter Harel Mall has 14,000 square meters of retail space, which is fully occupied.
Published by Globes [online], Israel business news - www.globes-online.com - on October 13, 2013
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