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Azrieli Group

#2065

Rank

$7.94B

Marketcap

IL Israel

Country

Azrieli Group
Leadership team

Mr. Eyal Henkin (Chief Exec. Officer)

Ms. Irit Sekler-Pilosof (Deputy CEO & CFO)

Mr. Gideon Avrami (Head of Office Segment & VP)

Products/ Services
Construction, Real Estate
Number of Employees
100 - 500
Headquarters
Tel Aviv, Tel Aviv, Israel
Established
1983
Net Income
1B - 20B
Revenue
500M - 1B
Traded as
AZRG.TA
Social Media
Overview
Location
Summary
Azrieli Group Ltd operates in the real estate industry. The company operates through four segments: Retail Centers and Malls in Israel, Office and Other Space for Lease in Israel, Income-Producing Properties segment in the U.S., and Senior Housing segments. It develops, acquires, leases out, manages, and maintains malls and retails centers in Israel; and office buildings and parks for offices and high-tech industry, as well as logistic areas and storage. As of December 31, 2021, the company owned 19 malls and retail centers, and 17 income-producing properties in the office and other space in Israel; and 8 office properties in the United States. The company has 4 active senior homes in an aboveground built-up area of approximately 105 thousand square meters (sqm), including approximately 1,033 senior housing units and projects under development and construction for approximately 275 residential units in a total area of approximately 31 thousand sqm. It also engages in the e-commerce and hospitality operation; and invests in banking and financial corporations, and investment funds, as well as operates hotel. The company was incorporated in 1983 and is based in Tel Aviv, Israel. Azrieli Group Ltd is a subsidiary of Nadav Investments Inc.
History

Azrieli Group started its activities in 1982, developing the Ayalon Mall in Ramat Gan, which opened in July 1985.

The group opened its second mall, Hanegev Mall in Beer Sheva, in 1989 and a third mall, the Jerusalem Mall in 1993.

Between 1996 and 2007 the group developed the Azrieli Center in Tel Aviv, a complex that includes three office buildings above a shopping mall.

In 2014 it sold paint manufacturer Tambour to the Kusto Group, a corporation registered in Singapore and owned by Kazakhs.Its investment in assisted living facilities for the aged made up 7% of its assets as of 2020.In July 2019, Azrieli acquired 20% of US-based Compass, to compete in the data center real estate business. In 2021, Azrieli acquired Green Mountain, AS for $2.8 Billion.In January 2022, permission was given by the Tel Aviv local planning and building committee to build the Spiral Tower at the Azrieli Center, which will be a 91-story building or 350-meter -high and would become the second-tallest structure in the country.

Mission
Azrieli Group’s mission is to be a global leader in real estate development and to develop innovative, sustainable and proactive business structures.
Vision
Azrieli Group’s vision is to be the leading international real estate developer in the world and to make a positive contribution to its communities and the environment.
Key Team

Mr. Israel Keren (VP of Operations & COO)

Yair Horesh (Chief Accountant for Accounting & Financial Statements)

Ms. Rachel Mittelman (Chief Information Officer)

Mr. Yoram Polak Ben Porat (VP & Head of Sr. Housing Sector)

Ms. Nirit Zeevi (VP, Gen. Counsel & Company Sec.)

Mr. Ofer Yarom (VP of Marketing & Digital)

Mr. Moran Goder (Head of Capital Markets & Bus. Devel.)

Recognition and Awards
Azrieli Group’s achievements have been recognized by numerous awards and accolades, such as the EuroFinance Trade Finance Magazine Limnas award, the LEED Platinum certification, among others.
References
Azrieli Group
Leadership team

Mr. Eyal Henkin (Chief Exec. Officer)

Ms. Irit Sekler-Pilosof (Deputy CEO & CFO)

Mr. Gideon Avrami (Head of Office Segment & VP)

Products/ Services
Construction, Real Estate
Number of Employees
100 - 500
Headquarters
Tel Aviv, Tel Aviv, Israel
Established
1983
Net Income
1B - 20B
Revenue
500M - 1B
Traded as
AZRG.TA
Social Media