Delek Real Estate Ltd. (TASE: DLKR) subsidiary Delek Global Real Estate plc has sold the Carrefour Trois Rivières commercial center in Quebec for C$49 million (NIS 171.5 million). With this sale, the company has only property left in Canada, an office building at 5001 Yonge Street in Toronto.
Earlier this week, Delek Real Estate sold its Jean Coutu portfolio of 30 malls in Quebec and Ontario for C$119 million, and last month it sold the Bell Tower in Montreal for C$281 million.
The 43,207-square meter Carrefour Trois Rivières commercial center is anchored by Wal-Mart. The balance of the loan on the property is C$35.3 million (NIS 123.5 million. Delek Global Real Estate books the property at a value of $C41.3 million (NIS 144.5 million.) Closing of the sale is subject to due diligence.
Delek Real Estate's share price was unchanged in morning trading at NIS 0.31, giving a market cap of NIS 121 million.
Published by Globes [online], Israel business news - www.globes-online.com - on June 23, 2011
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