Max Stock to Construct New Logistics Center in Ofakim
News provided byMax Stock Limited · 2 min read
CAESAREA, Israel, Sept. 3, 2026 /CourierPR/ -- Max Stock Limited, Israel's leading extreme value retailer, announced on September 2, 2026, that it has entered into a lease agreement with G.T. (One) Holdings Ltd. to construct and operate a new logistics center in Ofakim, southern Israel. The lease agreement, set to commence in December 2028, covers an area of approximately 45,000 square meters and will serve as an additional hub to support the company's expanding operations.
According to the terms of the agreement, the lease period will span 10 years, with automatic extensions for two additional five-year periods, provided certain conditions are met. These conditions include a 5% increase in rent at the beginning of each additional period. The company will provide a bank guarantee equivalent to three months’ rent upon the handover of the premises, with adjustments for VAT and linkage to the index as per the agreement.
The logistics center will be divided into two main sections: one quarter for commercial/retail activities and the rest for logistics operations. G.T. (One) Holdings Ltd., a privately held Israeli company in which Max Stock’s CEO, Ori Max, holds 50% of the share capital, will be responsible for obtaining necessary permits for both commercial and logistics use.
Max Stock estimates that the construction and fit-out of the new center will require an investment of approximately ILS 20 million. The monthly rent is expected to be around ILS 1.7 million, inclusive of VAT and index-linked adjustments.
The lease agreement was approved by the company’s Audit Committee and Board of Directors, as it was deemed to have a significant impact on the company’s profitability, assets, or liabilities. The committee found the terms of the transaction to be reasonable and fair, given the company’s increased logistics needs and the improved operational flexibility and cost efficiency the new center would bring.
“With the continued growth of our business, we see this as a strategic move to support our expansion and enhance our operational capabilities,” said Ori Max, CEO of Max Stock. “This new logistics center will not only accommodate our growing inventory but also improve our operational efficiency.”
The company noted that while the agreement is forward-looking and subject to certain uncertainties, the overall terms are preferable compared to other alternatives examined. Max Stock’s logistics requirements have increased alongside the company’s business development, making the new center a critical step in supporting its long-term objectives.
Forward-looking statements in the report, such as the timeline for obtaining permits and the expected reduction in logistics costs, are based on the company’s current plans and assessments, which may not fully materialize as anticipated.