Gabay Rental and Development Ltd (TASE:GBPR) acquired an additional 9% stake in The New City TLV Ltd. for ILS 2.7 million on April 8, 2019. In a related transaction, Gabay Rental and Development agreed to sell 10% stake in The New City TLV Ltd for ILS 3 million on April 10, 2019. Post-completion of both transactions, the stake of Gabay Rental and Development in The New City TLV will be 35.25%. Gabay Rental and Development Ltd (TASE:GBPR) completed the acquisition of an additional 9% stake in The New City TLV Ltd. on April 8, 2019.