An unknown buyer signed an agreement to acquire rights of building Cirencester in England from Ravad Ltd (TASE:RAVD) and others for £16.6 million on December 5, 2016. The buyer has deposited a non-refundable down payment of £0.83 million while the remaining payment will be made upon completion of the transaction. Ravad will sell its 50% interest in the building. The transaction is subject to conditions such as the waiver of a lien existing over the asset. The transaction is expected to close within 60 days from the signing of agreement. An unknown buyer completed the acquisition of rights of building Cirencester in England from Ravad Ltd (TASE:RAVD) and others on February 3, 2017.