Kamor buys half of German building for �19.5m

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The building in Bensheim generates �1.2 million in rent a year.

Kamor Ltd. (TASE: KMOR) subsidiary Kamor Europe Ltd., in which it owns a 50% stake, has bought an office building in Bensheim, in western Germany for �19.5 million (NIS 108 million). The building is leased to Sirona Dental Systems in an 18-year lease that generates �1.2 million (NIS 6.6 million) a year in rent.

Kamor Europe obtained a non-recourse �16.6 million loan at 5.35% fixed interest from a German bank to finance the purchase.

Published by Globes [online], Israel business news - www.globes.co.il - on April 22, 2007