Max Stock signs lease for new Ofakim logistics center, sees monthly rent at ILS 1.7 million

Reuters2026/09/03 06:24

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Max Stock signed a lease with G.T. (One) Holdings to build a 45,000-sqm logistics center in Ofakim, Southern Israel.
Handover expected in December 2028; 10-year term with two automatic five-year extensions, featuring a 5% real-rent step-up each extension.
Monthly rent estimated at about ILS 1.7 million, subject to VAT and indexation.
Fit-out investment estimated at about ILS 20 million; facility intended to expand capacity beyond existing centers and external suppliers.
Related-party deal: CEO Ori Max holds 50% of the lessor.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Max Stock Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609030223PR_NEWS_USPR_____IO40051) on September 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Max Stock signs lease for new Ofakim logistics center, sees monthly rent at ILS 1.7 million

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