Aora in a significant deal: buying Megiddo for NIS 280 million - voila! Real estate. The company currently has a backlog of 15 projects with a scope of approximately 2,300 apartments.
The transaction will generate free cash flow for Rani Zim Shopping Centers in the amount of approximately NIS 78.5 million, and will also result in the cancellation of its liabilities in the Amount of NIS 240 million. All of these will allow us to accelerate the development of activity in the field of shopping centers, and to work to improve the existing centers.