Reality Real Estate Fund, Ayalon Insurance Co., Ltd., Union Bank of Israel Limited (TASE:UNON), Altshuler Shaham Ltd. and others acquired Site of Neve Ilan Studios from G.G. Israel Studios Jerusalem Ltd. for ILS 180 million on December 23, 2014. The Reality Fund plan to rename it Kiryat Tikshoret (Communications City). Ziv Preis of Preis, Baharav & Co acted as legal advisor for Althsuler Shacham and Ayalon Insurance.

Reality Real Estate Fund, Ayalon Insurance Co., Ltd., Union Bank of Israel Limited (TASE:UNON), Altshuler Shaham Ltd. and others completed the acquisition of Site of Neve Ilan Studios from G.G. Israel Studios Jerusalem Ltd. on December 23, 2014.