| Traded as | TA-35 Index Component |
|---|---|
| Foundation | 1982 (age 44) |
| Location city | Tel Aviv |
| Location country | Israel |
| Key people | Eyal Henkin (CEO), Danna Azrieli (chairwoman) |
| Industry | Real estate, financial services |
| Homepage | www.azrieli.com |
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 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
- ^ "דף הבית - הבורסה לניירות ערך בתל אביב | אתר הבורסה". market.tase.co.il. Retrieved 2024-05-05.
- ^ "Tambour Chairman: "Israelis are afraid of colorfulness"". Israel National News. Retrieved 2022-02-03.
- ^ "Azrieli Buys Buy2's eCommerce Platform". CISION PR Newswire. Retrieved 2016-05-03.
- ^ "Israel's Azrieli Group Couldn't Be Better Mall Owners, but Coronavirus Doesn't Care". Haaretz. Retrieved 2022-02-03.
- ^ Omri Zerachovitz (2020-08-02). "Amazon in talks to build three Israel data centers for NIS 1b". Globes. Retrieved 2020-08-03.
- ^ "Azrieli Group Ltd's NIS 2.8 Billion Acquisition of Green Mountain, AS". Lawyer Monthly | Legal News Magazine. Retrieved 2022-01-19.
- ^ "Azrieli Makes Bigger Data Center Bet with Green Mountain Acquisition". Data Center Knowledge. 2021-07-19. Retrieved 2022-01-19.
- ^ Brummer, David. "Tel Aviv greenlights construction of one of Israel's tallest towers". The Times of Israel. ISSN 0040-7909. Retrieved 2022-01-19.
- ^ "Azrieli Group to buy ZMH Hammerman at NIS 873m valuation". Globes. 2025-06-08. Retrieved 2026-05-06.