Azrieli Group
 Azrieli Center | |
| Type | Public |
|---|---|
| TASE: AZRG TA-35 Index Component | |
| Industry | Real estate, financial services |
| Founded | 1982 |
| Headquarters | , Israel |
Key people | Danna Azrieli (CEO) |
| Website | www |
Azrieli Group (Hebrew: קבוצת עזריאלי) 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 Azrieli Group has total assets of NIS 60.7 billion.[1] They are responsible for the Azrieli Jerusalem Mall and Azrieli Ayalon Mall.
The company is traded in the Tel Aviv Stock Exchange under the symbol AZRG, and is part of the Tel Aviv 35 Index.[2]
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.[3]
In 2016, the group announced its entry into the e-commerce sector with the acquisition of the eCommerce business and website of Buy2[4].
Its investment in assisted living facilities for the aged made up 7% of its assets as of 2020.[5]
In July 2019, Azrieli acquired 20% of US-based Compass Holdco to compete in the data center real estate business.[6] In 2021, Azrieli acquired Green Mountain, AS for ₪2.8 Billion.[7][8]
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 and would become the second-tallest structure in Israel after the Dimona Radar Facility.[9]
In 2025, Azrieli Group bought developer ZMH Hammerman[10], which is part of a list of companies operating in West Bank settlements. The UN Human Rights Council noted that the companies flagged by the list were all responsible for activities that “raised particular human rights concerns”.[11]
In recent years, the Azrieli Group and its ties to the Azrieli Foundation have been the target of campaigns by artists and activists in Canada due to its connections with activity in illegal settlements in the occupied West Bank and other concerns.[12]
Properties
| Name | Built/acquired | Location |
|---|---|---|
| Ayalon Mall[13] | 1985 | Ramat Gan |
| Negev Mall[14] | 1990 | Beersheba |
| Malha Mall[15] | 1993 | Jerusalem |
| Azrieli Circle Tower[16] | 1999 | Tel Aviv |
| Azrieli Triangle Tower[17] | 1999 | Tel Aviv |
| Azrieli Square Tower[18] | 2007 | Tel Aviv |
| Modi'in Mall[19] | 2008 | Modi'in |
| Azrieli Hod HaSharon Mall[20] | 2008 | Hod HaSharon |
| Givatayim Mall[21] | 2009 | Givatayim |
| Haifa Mall[22] | 2010 | Haifa |
| Azrieli Akko Mall[23] | 2011 | Akko |
| Ramla Mall[24] | 2015 | Ramla |
| Azrieli Sarona Tower[18] | 2017 | Tel Aviv |
| Azrieli Rishonim[25] | 2017 | Rishon LeZion |
| Azrieli Town Tower[26] | 2021 | Tel Aviv |
| Mall Hayam Eilat[27] | 2022 | Eilat |
See also
References
- ↑ "Investor Relations". Azrieli Group. Retrieved 6 May 2026.
- ↑ "דף הבית - הבורסה לניירות ערך בתל אביב | אתר הבורסה". market.tase.co.il. Retrieved 5 May 2024.
- ↑ "Tambour Chairman: "Israelis are afraid of colorfulness"". Israel National News. Retrieved 3 February 2022.
- ↑ "Azrieli Buys Buy2's eCommerce Platform". CISION PR Newswire. Retrieved 3 May 2016.
- ↑ "Israel's Azrieli Group Couldn't Be Better Mall Owners, but Coronavirus Doesn't Care". Haaretz. Retrieved 3 February 2022.
- ↑ Omri Zerachovitz (2 August 2020). "Amazon in talks to build three Israel data centers for NIS 1b". Globes. Retrieved 3 August 2020.
- ↑ "Azrieli Group Ltd's NIS 2.8 Billion Acquisition of Green Mountain, AS". Lawyer Monthly | Legal News Magazine. Retrieved 19 January 2022.
- ↑ "Azrieli Makes Bigger Data Center Bet with Green Mountain Acquisition". Data Center Knowledge. 19 July 2021. Retrieved 19 January 2022.
- ↑ Brummer, David. "Tel Aviv greenlights construction of one of Israel's tallest towers". The Times of Israel. ISSN 0040-7909. Retrieved 19 January 2022.
- ↑ "Azrieli Group to buy ZMH Hammerman at NIS 873m valuation". Globes. 8 June 2025. Retrieved 6 May 2026.
- ↑ Staff, ToI; AP (12 February 2020). "The blacklist: All 112 companies UN says are operating in settlements". The Times of Israel. ISSN 0040-7909. Retrieved 6 May 2026.
- ↑ Ditmars, Hadani (25 March 2026). "Canadian foundation with ties to Israel's biggest real-estate company ceases funding for Toronto Arts Foundation following protests". The Art Newspaper - International art news and events. Retrieved 6 May 2026.
- ↑ Shnidman, Ronen (9 July 2014). "David Azrieli, Canadian-Israeli Shopping Mall Pioneer, Dies at 92". Haaretz.
- ↑ Yamin, Guy (8 May 2005). "קניון הנגב: הכנסות של 500 מיליון שקל בשנה, 100% תפוסה". Globes (in Hebrew).
- ↑ Winston, Alex (22 June 2024). "Malha: Jerusalem's Regenerated Jewel". The Jerusalem Post.
- ↑ "Azrieli Center Circular Tower". Skyscraper Center.
- ↑ "Azrieli Center Triangular Tower". Skyscraper Center.
- 1 2 Stoler, Tofi; Frenkel, Billy (20 December 2018). "Scrapped London Skyscraper Set to Dominate Tel Aviv Skyline". CTech.
- ↑ Smolsky, Raz (18 June 2008). "קבוצת עזריאלי חנכה קניון במודיעין בהשקעה של 500 מיליון שקל". Haaretz (in Hebrew).
- ↑ "Azrieli Group Buys Stake in Mall". Globes. 23 October 2008.
- ↑ Dovrat, Adi (23 February 2009). "רשות ההגבלים העסקיים אישרה לעזריאלי לרכוש את קניון גבעתיים". TheMarker (in Hebrew).
- ↑ Yefet, Orna (13 September 2012). "סוף לשיפוצים: קניון חיפה נפתח". Calcalist (in Hebrew).
- ↑ Yafet, Orna (31 August 2011). "קניון חדש לקבוצת עזריאלי: בעכו". Calcalist (in Hebrew).
- ↑ Yafet, Orna; Freund, Oren (2 March 2015). "קבוצת עזריאלי חנכה את קניון רמלה; דנה עזריאלי: "המומחיות שלנו היא לייצר ערך מאפס"". Calcalist (in Hebrew).
- ↑ Yafet, Orna (14 March 2017). "קבוצת עזריאלי השיקה את מרכז עזריאלי ראשונים, בראשון לציון". Calcalist (in Hebrew).
- ↑ "With Its Facade of Dynamic 'Fins,' the Azrieli Town Tower Creates a New Icon for Downtown Tel Aviv Comprising Retail, Residential, Offices, and Public Spaces". Global Design News. 23 September 2022.
- ↑ Dovrat, Adi (3 May 2022). "למרות הביקורת: רשות התחרות אישרה לעזריאלי לרכוש את קניון מול הים באילת". TheMarker (in Hebrew).
External links
