A giant transaction was signed between the Gindi family which holds half the shares in TLV Mall and the residential project attached to it, at the heart of Tel Aviv, and Blue Square Real Estate.

As part of the transaction, Blue Square group acquired Gindi shares for a total of NIS 225 million (and additionally assumed the debt to the banks which amounts to approx. NIS 900 million).

Gindi continues to exclusively hold the four giant 48-story towers which are being constructed as well as an additional plot designed for construction for employment purposes.

The transaction was monitored by Advs. Amir Amar, Head of the firm, Yoav Caspi, Head of the Corporate Department, Assaf Lapid, partner in the Commercial Department, and Sariel Cohen from the Commercial Department.

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The translation was executed courtesy of Tomedes Translations