Noni Mozes, owner of the Yedioth Ahronoth media group, has sold half of the group's buildings on Nahum Mozes Street in Rishon LeZion to S.A.L. Real Estate, according to the Globes business daily. Market estimates place the deal's value at approximately 160 million shekels (~$45m).
In a significant real-estate transaction involving one of Israel's largest media groups, Noni Mozes – owner of the Yedioth Ahronoth group – has sold a 50% stake in the group's office complex on Nahum Mozes Street in Rishon LeZion to S.A.L. Real Estate. The deal, first reported by Globes on Monday, is estimated at roughly 160 million shekels in market assessments. The complex houses the newsroom and corporate offices of Yedioth Ahronoth, Israel's largest-circulation daily newspaper. Neither Mozes nor S.A.L. Real Estate have publicly commented on the sale. The transaction comes amid ongoing structural shifts in Israeli print media and declining advertising revenues. This is the first report of this transaction.
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