An unknown buyer signed an agreement to acquire Market Mall from Jerusalem Economy Ltd. (TASE:ECJM) for CAD 35 million on December 7, 2016. Of the consideration, a total of CAD 1.50 million was transferred in the trust in benefit of the seller. Upon completion, the buyer will pay the balance of the consideration. Completion is subject to approvals (Estoppel Certificates) from the tenants. Completion is expected to occur during January 2017. The consideration will be used to repay a secured loan worth CAD 18 million.