 Optibase Ltd. NASDAQ: OBAS, or Optibase, today announced that its wholly owned European subsidiary, Optibase Bavaria GmbH Co. KG, had entered into a definitive agreement with an unrelated third party buyer, to sell its retail portfolio in Germany comprised of twenty-seven 27 separate commercial properties, located in Bavaria, Germany, for an aggregate cash consideration of EUR 35 million app. 38.9. 