2024-02-11 19:00:00
In the shadow of the stagnation in the real estate market and the high interest rates in the economy, and against the background of the crisis in the construction industry, the company is conducting negotiations with several tenants, to whom the company rents properties whose purpose is supermarkets. Rent increase Blue square emphasizes that with one of the tenants the company is in the draft stages.
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To the extent that the obligations and conditions mature into binding agreements, the company estimates that this may have a material effect on the fair value of the aforementioned assets. Recently, Ben Moshe, who owns Dor Alon Energy through Blue Square, filed a lawsuit against the company for payment of royalties for the use of the “Alon” and Alonit brands.” Recall that Alon is the gas stations of Dor Alon, while Alonit is the name of the chain of convenience stores at the gas stations. So, Ben Moshe demands from the company a payment of NIS 60 million for the use of the brands.
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