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Investment Agreement Made between Arledan Residence Ltd, Which is Owned by Arledan Investments Ltd and Kern K.R. Real Estate Ltd

Arledan Investments Ltd, acting through a subsidiary, has entered into an agreement to invest in Kern K.R. Real Estate Ltd, which deals in real estate development and construction and especially Tama 38(2) and (3) projects, whereby Arledan has been allotted 50% of the shares in Kern on and against the provision to Kern of financing of approximately NIS 16 million.

Kern K.R. Real Estate was represented by Ivtsan-Netzer-Wolecki & Co.


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