Company Profile

Overview

Azrieli Group is Israel’s largest real estate group, which has built and operates Israel’s leading nationwide chain of income-producing properties (including shopping malls, offices and senior homes), and is known for setting the highest standards of excellence and innovation in Israel. The Azrieli Group is constantly exploring new ways to expand and diversify, and its exceptional management team excels at adapting the Group’s assets to the ever-changing commercial landscape. The Group also holds 3.1% of Bank Leumi Le-Israel Ltd.

The Group was founded by the late Mr. David Azrieli, the renowned entrepreneur, architect and businessman. The Azrieli family holds 55% of the Group, and the Azrieli Foundations (in Canada and Israel) hold 15% of the Group.

Ms. Danna Azrieli is the Group’s Chairman of the Board. The Group’s CEO is Mr. Eyal Henkin.

The Group held an IPO in June 2010 raising approx. NIS 2.5 billion, which was the largest-ever IPO on the Tel Aviv Stock Exchange. The Group is part of the Tel Aviv 35 index, which includes the thirty-five largest companies on the Israeli Stock Exchange, and is the only Israeli company included in the EPRA indices.

 

Azrieli Group – 35 Years of Solidity and Professionalism

The Azrieli Group has earned an excellent reputation in the market due to its core management team, which is known for its professionalism and extensive experience. The Group is led by Ms. Danna Azrieli, the Group's active Chairman of the Board, Mr. Eyal Henkin, the CEO, and other senior management members.

 

Azrieli Group’s Real Estate Properties

The Azrieli Group owns a total leasable area of approx.1.2 million sqm, with approx. 750,000 sqm in the planning stages or under construction.

The Company is the sole owner of seventeen shopping malls which are among the biggest and the most successful malls in Israel, including the Jerusalem Mall, Azrieli Tel Aviv Mall, the Ayalon Mall, Negev Mall, Holon Mall, Hod Hasharon Mall, Herzliya Outlet, Modi’in Mall, Givatayim Mall, Haifa Mall, Ramla Mall, Rishonim Mall, Azrieli Ra’anana Mall and more.

The Azrieli Group also wholly owns the largest and highest-standard office complexes in Israel, including the iconic Azrieli Center in Tel Aviv, which is distinguished by three office towers (round, triangular and square) and a shopping mall; the landmark Azrieli Sarona tower, opened in 2017, which comprises approx. 120,000 sqm of leasable office space, and which is currently fully occupied by some of the world’s leading and largest high tech companies; the Herzliya Business Park complex with eight office buildings and a commercial outlet center; the Azrieli Holon Office Complex which was the first to take the cutting-edge Azrieli standard outside of Tel Aviv; the Modi'in Mall and residences and more.

The ‘Palace by Azrieli’ senior homes owned and operated by the Azrieli Group are fast becoming synonymous with the highest standards of luxury in Israel’s senior housing sector, as further discussed below.

The Azrieli Group also owns three industrial buildings in the Caesarea Industrial Park and the Science and Technology Office Park in Petach Tikva. The Azrieli Group owns properties throughout Israel which are under construction, including commercial assets in Tel Aviv, Modi’in, Holon and other cities across Israel.

The Group also owns the Mount Zion Hotel in Jerusalem. The Hotel was acquired in 2020, and is planned to be extended and renovated in the future.

The Group holds approx. 246,000 sqm of multi-use gross leasable area overseas. These assets are primarily located in Houston, Texas.

Overseas real estate accounts for approx. 10% of the fair value of the Group’s income producing real estate and properties under development (on a consolidated basis).

The Group also holds 19.5% of Compass Data Centers, which is a North American data center developer and operator.

 


Projects under Constructon 

The Group has a remarkable development pipeline. With 11 projects under development or in advanced planning stages, the Company will nearly double its GLA as well as its NOI and FFO. All projects under development will be owned and managed by the Group.

The Group is developing the following featured projects, among others:

- Azrieli Town

- Hamanor Holon

 - Expansion of Azrieli Tel Aviv (the Spiral Tower)

 

Azrieli Group- senior Housing

The Group is redefining the senior housing market in Israel, focusing on luxury senior housing under the “Palace by Azrieli” brand. The Palace chain currently comprises 3 operational homes in Tel Aviv, Ra’anana and Modi’in, and 3 homes under development or in the planning stages in Jerusalem, Lehavim, and Rishon LeZion.

 

Azrieli Group – Financial and Business Strength

The Group enjoys exceptional financial strength. Azrieli Group Ltd. is rated ilAA+ and assigned a ‘Stable outlook’ by S&P-Maalot credit rating agency, and Aa1 by Moody's-Midroog.

The prominent position of the Group and its strength and quality are reflected in the high ratings it has achieved as the result of the following factors (as determined by the rating agencies):

* Best quality income-producing property group in Israel

* Over 35 years of income-producing real estate activity in Israel

* Israel’s leading and best quality commercial centers

* High asset value

* Broad geographic and tenant diversity

* Close to 100% occupancy in the Company’s properties in Israel

* Conservative financial policies – consistent low leverage and high liquidity

* High-quality, solid, and professional management with extensive experience in the Company’s areas of activity 

 

 

Azrieli Group – Contribution to the Community

The late David Azrieli (C.M., CC.Q., M.Arch), founder and Chairman of the Group, was a generous philanthropist who donated to a variety of causes and public institutions through the Azrieli Foundations, other companies controlled by him and various private channels. 
The Azrieli Foundation is a Canadian philanthropic organization established by the late David Azrieli himself, with the principal mission of supporting program initiatives that promote education and excellence in various fields, particularly in Israel.

The Foundation mainly focuses on supporting higher education, promoting architectural excellence, supporting medical and scientific education and research, curtailing school dropout rates, bridging social gaps, supporting education in Jewish communities, promoting Holocaust education, research and commemoration, promoting higher education for adults with developmental disabilities, and promoting excellence in music and the arts.



  Azrieli Group is a member of EPRA

 

Stock Quote

Upcoming Events

Wednesday, August 18, 2021

Financial Statement as of
June 30, 2021

 

Conference Call

at 17:00 Local Tel Aviv Time

 

Conference call details

 

 

Contact Us

Moran Goder
Head of Capital Markets and Business Development Analyst
Tel: +972 3 6081310
Email: IR@azrieli.com