Big buys Modi in Ispro Center
The acquisition will allow Tnuport to complete the acquisition of the rest of Ispro s assets from Property & Bulding.
Big Shopping Centers (2004) Ltd. (TASE:BIG) has announced that it has signed a binding agreement to buy the Ispro Center in Modi in from Tnuport for NIS 425 million.
The deal will expedite the purchase of the remainder of Ispro - The Israel Properties Rental Corp. Ltd. (TASE: IPRO) by Tnuport owners Kidan Dahari and Yaron Adiv, who signed an agreement to buy all Ispro s assets from Property and Building Ltd. (TASE: PTBL) in April for NIS 800 million. But Tnuport had struggled to obtain financing for the deal, which looked set to collapse, with Villar International Ltd. (TASE:VILR) waiting in the wings and in advanced talks with Property & Building to replace Tnuport.