Azorim Living Announces NIS 198 Million Deal for 80 Apartments in Azor

Azorim Living disclosed an agreement to buy 80 apartments in the AZUR project on Kaplan Street in Azor for about NIS 198 million, including VAT. The agreement was signed on October 20, and 60 of the apartments are already occupied under long-term leases. The company plans to retain the homes for long-term rental and estimates annual rent at NIS 7.1 million. It paid 10% at signing, with the balance due when possession is transferred, expected on December 25.