Edri-El Israel Assets Ltd. (TASE:EDRL) entered into an agreement to sell Opera Tower in Tel-Aviv and stake in The Opera Tower Management and Operation Ltd. for ILS 35 million on December 31, 2015. Edri-El Israel Assets will sell rights in the property known as Opera Tower in Tel-Aviv, and will also sell 625 common shares of The Opera Tower Management and Operation. The consideration is to be paid on April 14, 2016. As of April 17, 2016, the transaction of Opera Tower in Tel-Aviv was completed. Edri-El Israel Assets Ltd. (TASE:EDRL) cancelled the sale of Opera Tower in Tel-Aviv and stake in The Opera Tower Management and Operation Ltd. on December 31, 2016.