Megorit Israel Ltd agreed to acquire 23 Residential Units in the Marom Negba Project in Ramat Gan for ILS 46.70 million which will be financed through a bank loan on March 27, 2017. The consideration will be paid as ILS 18.70 million, payable two days after the agreement signing, ILS 20 million within 45 days from signing, ILS 5.70 million payable on November 1, 2017 and ILS 2.30 million, payable five days after handling the units.