Baran buys half of Azorei Dagan project for NIS 52.5m

Sources inform that Baran Group subsidiary Nes-Pan Ltd. has bought REIT Asset Management (Israel) Ltd.’s 50% stake in Azorei Dagan office complex in Beit Dagan for NIS 52.5 million. Nes-Pan now fully owns the rights to the 24,000-sq.m. office and commercial project under an agreement signed with the Israel Land Administration. Two of the three buildings have already been built and are leased.