Jelmoli Holding AG, the 110-year-old Swiss department-store owner that's splitting itself up, agreed to sell 88 properties to Israeli investors for 3.05 billion Swiss francs ($2.7-billion). Delek Real Estate Ltd. and Igal Ahouvi's Blenheim Properties will buy assets including stores, shopping centres, office buildings, warehouses and apartments. The deal includes Jelmoli's store on Zurich's luxury shopping district and the Grand Passage, Geneva's oldest department store. The real estate is being sold as Zurich-based Jelmoli plans to become an investment company. The Israeli partners are paying a total of 3.4 billion Swiss francs, including assumed debt.