The Stock chain announced the establishment of its first branch in Tel Aviv, the chain signed a 15-year deal in exchange for NIS 4 million. It turns out that this is the first branch out of eight branches that the chain is trying to bring to Tel Aviv as early as next year.
The deal was signed for 15 years and has a construction cost of about NIS 4 million. The branch is the first of the stock chain in the Tel Aviv area, which stems from a great need and demand that the company is talking about.
The Stoke chain, the Israeli discount chain, has 33 branches throughout the country. In the past year, the chain has opened 8 new branches in Holon, Rosh Pina, Mevaseret Zion, Ashdod, Ashkelon, Kiryat Shmona, Beit Shemesh and Raanana. Netanya, Rahat, Taibeh Tamra and more.
Ofer Barak, CEO and owner of the Stoke chain, said: “We are excited about the expected opening of our flagship store in the city of Tel Aviv and thank Park Atidim. We at the chain are happy to allow the chain’s residents of the city to continue to enjoy our wide range and the most affordable prices. The new branch is the first swallow that heralds the new trend in the network of opening huge branches in areas of 1,500 square meters.
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