The income-producing real estate company
I will die
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Base:1,779
opening:1,778
High:1,785
low:1,756
change:1,343,531
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Acquired 50% of a logistics complex near Kibbutz Hefetz Haim and Road 6 for NIS 71 million. The property is leased to Globus Packaging and Shipments for a period of 10 years and is expected to yield NIS 8.1 million per year throughout the NOI lease period. The transaction is expected to be completed in the coming weeks.
Amot’s share in the property will stand at 50% while the balance of the rights will continue to be held by the kibbutz. The Marlog was established on land measuring approximately 31 dunams, and its area stands at approximately 18,500 square meters.
The company’s stock has not yet recovered from the corona crisis. Since the beginning of the year, the share has fallen by more than 1.1% and in the last 12 months it has fallen by 26% from a price of about NIS 24 per share to about NIS 17.8 as of the closing price yesterday. In the last month, the stock has risen by 2.7%.
About two years ago, the member acquired Marlog in Shoham, even before that it established Marlog in Modi’in and also acquired Marlog Unilever in the airport complex.
Simon Aboudrahm, Amot CEO“About five years ago, we made a strategic decision to divert investments in the field of commerce from the physical centers to the logistics structures, in light of the intensification of online commerce and the long-term effects of the trend. As a major player in the field Tailored “to the customer’s measurements and special needs and by purchasing them”.
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