Discount Retailer The Stock to Open Large Branch in Givat Shmuel
Translated & summarized from Ice by baba
The retail chain The Stock is opening a new 350-square-meter Express store in Givat Shmuel's Sha'ar Ha'Ir project, representing a multi-million shekel investment. The store, part of a mixed-use development by Azrieli, is expected to open early next year and is a strategic expansion for The Stock. The project aims to provide residents with convenient access to retail and leisure services.
The story in 5 lines · by baba
- The Stock retail chain will open a new 350-square-meter store in Givat Shmuel's Sha'ar Ha'Ir project.
- The new store represents an investment of millions of shekels and will operate under the Express brand.
- The store is part of Azrieli's mixed-use Sha'ar Ha'Ir project, which includes residential towers and commercial spaces.
- The Stock's expansion with the Express format targets neighborhood commercial centers and growing consumer demand.
- The store is expected to open to the public at the beginning of next year.
The real estate company Azrieli has signed a lease agreement with The Stock, a prominent discount and retail chain in Israel, for a new store. The approximately 350-square-meter store will be located in Phase A of the Sha'ar Ha'Ir project in Givat Shmuel, which has already received its occupancy permit (Form 4). The investment in this new branch is in the millions of shekels.
The agreement is for five years with an option for an additional five years. The Stock will operate the store under its new Express brand, tailored for neighborhood commercial spaces. The store is expected to open to the public at the beginning of next year.
Dan Mor, Manager of Azrieli Prime, stated that the company sees great importance in providing access to leading retail chains and popular brands for residents, as part of developing neighborhood commercial centers that integrate living, commerce, and leisure. He added that The Stock's addition to the Sha'ar Ha'Ir project under the Express brand strengthens the commercial mix and demonstrates the potential of combining quality commerce with leading brands in new residential areas, offering residents convenient retail solutions within walking distance.
Ofer Barak, Owner and CEO of The Stock Group, said the new Givat Shmuel branch is another step in the group's expansion strategy and the development of the Stock Express format, designed to bring the chain's familiar shopping experience to neighborhood commercial centers. He noted a growing demand for accessible shopping solutions offering a wide range of products for home and family at attractive prices and close to home. The Express format allows the chain to adapt to urban residential environments while maintaining its values of variety, quality, and accessible prices, viewing it as a growth engine alongside continued expansion across the country.
The Sha'ar Ha'Ir project, located at the entrance to Givat Shmuel, is a residential, commercial, and leisure complex by Azrieli. It includes three residential towers with approximately 367 apartments and about 3,400 square meters of commercial space, featuring a shopping boulevard, public areas, and a 5-dunam park. The project aims to create an urban living environment with commercial and leisure services within walking distance. A few retail spaces remain available for marketing.