What is the big real estate deal with Shufersal?
A major real estate transaction took place when Israel's largest supermarket chain, Shufersal, signed a strategic partnership agreement with Big Shopping Centers. Under the arrangement, Shufersal sold half of the land housing its head office and logistics facilities in Rishon LeZion to Big for hundreds of millions of shekels. The joint venture aims to redevelop the expansive property into a massive commercial Big Fashion mall alongside high-density residential housing towers.
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