An unknown buyer agreed to acquire bloc 6109, Plot 285 at 8 Ha-Khilazon Street, Ramat Gan from Maslavi Construction Co.,Ltd. (TASE:MSLA-L) for ILS 63 million on November 30, 2016. As per the terms of the deal, Maslavi Construction will sell its entire rights and liabilities in the land plot 285 and will grant a call option to acquire entire rights and liabilities of an adjacent plot 380. Until December 12, 2016, an amount of ILS 20.7 million will be transferred to the loan provider; a total of ILS 9.3 million will be released to Maslavi Construction upon fulfillment of pre-conditions, and a total of ILS 5.1 million will be paid to the taxes authority. The balance consideration of ILS 33 million will be payable within 30 days from fulfillment of pre-conditions. The pre-conditions are expected to be fulfilled within 24 months from the agreement signing.