An unknown buyer signed an agreement to acquire 95% stake and 94% stake in two commercial properties in Stuttgart and Hochheim from Industrial Buildings Corporation Ltd. (TASE:IBLD) for approximately ILS 110 million on November 1, 2016. As reported, the buyer transferred a non-refundable amount of approximately ILS 4.20 million on November 1, 2016 and the remaining amount will be paid after fulfillment of pre-conditions. The acquisition is subject to, among others, the registration of a cautionary note in benefit of the buyer, the waiver of refusal right from the local authorities and the payment of the mortgage registered under the properties.