An unknown buyer agreed to acquire property in Bnei Barak from Isras Investment Company Ltd (TASE:ISRS) for approximately ILS 170 million on March 23, 2015. The final agreement will be signed on April 2, 2015. Under the terms of the transaction, buyer is supposed to make payment until November 30, 2015, the balance of the consideration for the asset, amounting to ILS 121.25 million plus VAT. The property in Bnei Barak reported net operating income of ILS 7.2 million in 2014. The buyer was not able to pay the remaining amount on the payment date, hence Isras Investment Company will receive an amount of ILS 20 million plus VAT as retribution. At the request of the buyer, Isras Investment Company has extended the date of completion of the property. On December 21, 2015 the Buyer paid ILS 21.25 million, as part of the consideration balance. Also, the buyer paid a total of ILS 3.9 million in concept of payments, which is not part of the consideration for the property. After the payment, the buyer must pay a total of ILS 100 million in the accorded dates. An unknown buyer cancelled the acquisition of property in Bnei Barak from Isras Investment Company Ltd (TASE:ISRS) on June 21, 2016.