The company now fully owns the properties.
Kamor Ltd. (TASE: KMOR) has bought the remaining half of two office buildings in Frankfurt, Germany, at a value of €27 million. The properties are leased to various tenants and generate €560,000 in annual rent.
Kamor obtained a two-year €19.4 million non-recourse loan at Eurolibor + 1.35% to finance the purchase.
Published by Globes [online], Israel business news - www.globes-online.com - on July 6, 2008
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008