REALITY INVESTMENT FUND PURCHASED THE BEZEQ TRAINING AND TECHNOLOGY CENTER

08.07.14

We are pleased to update you on the acquisition of 50% of Bezeq’s Training and Technology Service Center, located at 31 Bar Yehuda Road in the City of Haifa, for approximately NIS 72.3 million (for about 100%). The site has significant enhancement potential, including the possibility of rezoning the land to mixed use, while substantially increasing the building rights. In the interim period, it is expected to produce a net yield of approximately 7.5%.