Reit 1 Ltd. (TASE:RIT1) acquired Lev Talpiyot Mall from Ganden Holdings Ltd., Africa Israel Properties Ltd, private investors and other shareholders for ILS 130 million on January 1, 2013. Ganden Holdings sold its 40% stake in the transaction in exchange for ILS 52 million. In a related transaction, REIT 1 signed a deal to purchase a house Hadar nursing home in Ashdod for ILS 70 million. The proceeds from the sale will help Ganden Holdings Ltd. repay bank loans.

Reit 1 Ltd. (TASE:RIT1) completed the acquisition of Lev Talpiyot Mall from Ganden Holdings Ltd., Africa Israel Properties Ltd, private investors and other shareholders on January 1, 2013.