Azrieli Group
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Company type | Public |
|---|---|
| TASE: AZRG TA-35 Index Component | |
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| Headquarters | , Israel |
Key people | Eyal Henkin (CEO), Danna Azrieli (chairwoman) |
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| Website | www |
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Azrieli Group (Template:Langx) is an Israeli real estate and holding company named after its founder David Azrieli. The company is engaged mainly in the development and management of shopping malls and office buildings in Israel.
The company is traded in the Tel Aviv Stock Exchange under the symbol AZRG, and is part of the Tel Aviv 35 Index.[1]
History
Azrieli Group started its activities in 1982, developing the Ayalon Mall in Ramat Gan, which opened in July 1985.
Azrieli Group opened its second mall, Hanegev Mall, in Beersheva in 1989. The opened 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.[2]
In 2016, the group announced its entry into the e-commerce sector with the acquisition of the eCommerce business and website of Buy2,[3] founded by serial entrepreneur Aviv Refuah. The website was rebranded under the name "Azrieli.com" and is considered one of the leading eCommerce websites in the region.
Its investment in assisted living facilities for the aged made up 7% of its assets as of 2020.[4]
In July 2019, Azrieli acquired 20% of US-based Compass Holdco to compete in the data center real estate business.[5] In 2021, Azrieli acquired Green Mountain, AS for ₪2.8 Billion.[6][7]
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 350 m (1,150 ft) tall, 91-storey building. It would become the second-tallest structure in Israel after the Dimona Radar Facility.[8]
In 2025, Azrieli Group bought developer ZMH Hammerman.[9]
See also
References
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- ^ Page Module:Citation/CS1/styles.css has no content."דף הבית - הבורסה לניירות ערך בתל אביב | אתר הבורסה". market.tase.co.il. Retrieved 5 May 2024.
- ^ Page Module:Citation/CS1/styles.css has no content."Tambour Chairman: "Israelis are afraid of colorfulness"". Israel National News. Retrieved 3 February 2022.
- ^ Page Module:Citation/CS1/styles.css has no content."Azrieli Buys Buy2's eCommerce Platform". CISION PR Newswire. Retrieved 3 May 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."Israel's Azrieli Group Couldn't Be Better Mall Owners, but Coronavirus Doesn't Care". Haaretz. Retrieved 3 February 2022.
- ^ Page Module:Citation/CS1/styles.css has no content.Omri Zerachovitz (2 August 2020). "Amazon in talks to build three Israel data centers for NIS 1b". Globes. Retrieved 3 August 2020.
- ^ Page Module:Citation/CS1/styles.css has no content."Azrieli Group Ltd's NIS 2.8 Billion Acquisition of Green Mountain, AS". Lawyer Monthly | Legal News Magazine. Retrieved 19 January 2022.
- ^ Page Module:Citation/CS1/styles.css has no content."Azrieli Makes Bigger Data Center Bet with Green Mountain Acquisition". Data Center Knowledge. 19 July 2021. Retrieved 19 January 2022.
- ^ Page Module:Citation/CS1/styles.css has no content.Brummer, David. "Tel Aviv greenlights construction of one of Israel's tallest towers". The Times of Israel. ISSN 0040-7909. Retrieved 19 January 2022.
- ^ Page Module:Citation/CS1/styles.css has no content."Azrieli Group to buy ZMH Hammerman at NIS 873m valuation". Globes. 8 June 2025. Retrieved 6 May 2026.
External links
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