Jan 09, 2007. /Lesprom Network/. American Israeli Paper Mills Ltd. announced that on January 1 an agreement was signed with Arledan Investments Ltd., according to which, the company sold its leasing rights vis-a-vis a plot stretching over approximately three acres in Ramat Hahayal, for an amount of approximately NIS 57 million ($13.4 million). The property is rented until January 2013. The company estimates that as a result of the sale it will recognize, in the fourth quarter of the year 2006, capital profits of approximately NIS 21 million ($5.0 million). The American Israeli Paper Mills Group Ltd. (AIPM) is the leading Israeli manufacturer and marketer of paper and paper products.