Minrav Holdings Ltd. (TASE:MNRV) exercised its option to acquire 6,000 square meters real estate project in Shlomo St., Tel-Aviv for ILS 39 million in cash on January 20, 2016. The consideration may rise to ILS 49 million, considering also the building rights. Minrav Holdings Ltd. (TASE:MNRV) completed the acquisition of 6,000 square meters real estate project in Shlomo St., Tel-Aviv on May 4, 2016.