Article: Palram sells UK factory property in sell lease-back deal: The company sold its polycarbonate factory in Doncaster for ?4.7 million and will lease it back for ?330,000 a year.

Byline: Uri Shuster

Jan. 7--Palram Industries Ltd. (TASE: PLRM) has sold its polycarbonate factory in Doncaster, UK, for a[currency]4.7 million (NIS 38 million) and will lease it back for a[currency]330,000 a year (NIS 2.7 million). The company will report a pretax capital gain of a[currency]2.2 million (NIS 22 million) on the sale.

The company said it sold the property to exploit rising real estate prices in the area. It added that the sell and lease-back deal would give it "flexibility ...

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