The properties are leased to France Telecom.
Nitsba Holdings Ltd. (TASE: NTBA) has signed an memorandum of understanding (MOU) to sell six properties in France for €61.5 million. The properties are all leased to France Telecom through 2011, and generate €5.1 million in annual rent.
Nitsba has booked the properties at a value of €53.4 million on the basis of a fair value assessment.
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