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The Tivoli project, which includes offices with an area of 31,000 square meters and commercial areas of the same volume, is also held by IDB Pituach (25.82%). Since IDB is held by a trustee of eight on behalf of the Tel Aviv District Court, Completion of the transaction is subject to the approval of the court.
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Properties and Building, managed by Doron Cohen, is traded in Tel Aviv at a value of about NIS 3 billion, and operates mainly in the field of income-producing and residential properties in Israel and abroad. The company’s rental income in the first nine months of the year amounted to NIS 184 million.