An unknown buyer entered into an agreement to acquire a building in Talpiyot, Jerusalem from Jerusalem Economy Ltd. (TASE:ECJM) for ILS 50 million on August 16, 2016. Out of ILS 50 million, a total of ILS 15 million has been already paid as a non-refundable guarantee upon signing the agreement. The transaction is subject to pre-conditions and is expected to close in the third quarter of 2016. An unknown buyer completed the acquisition of a building in Talpiyot, Jerusalem from Jerusalem Economy Ltd. (TASE:ECJM) on December 21, 2016.