Azrieli Group
Israeli real estate company
title: "Azrieli Group" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["companies-established-in-1982", "companies-listed-on-the-tel-aviv-stock-exchange", "real-estate-companies-of-israel", "1982-establishments-in-israel", "companies-based-in-tel-aviv", "companies-in-the-ta-35-index"] description: "Israeli real estate company" topic_path: "geography/israel" source: "https://en.wikipedia.org/wiki/Azrieli_Group" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary Israeli real estate company ::
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Azrieli Group Ltd. |
| image | Azriely Center.jpg |
| image_caption | Azrieli Center |
| type | Public |
| traded_as | |
| TA-35 Index Component | |
| foundation | |
| location_city | Tel Aviv |
| location_country | Israel |
| key_people | Eyal Henkin (CEO), Danna Azrieli (chairwoman) |
| industry | Real estate, financial services |
| homepage | |
| :: |
| name = Azrieli Group Ltd. | logo = | caption = | image = Azriely Center.jpg | image_caption = Azrieli Center | type = Public | traded_as = TA-35 Index Component | fate = | predecessor = | successor = | foundation = | founder = | defunct = | location_city = Tel Aviv | location_country = Israel | location = | locations = | area_served = | key_people = Eyal Henkin (CEO), Danna Azrieli (chairwoman) | industry = Real estate, financial services | services = | operating_income = | assets = | equity = | owner = | num_employees = | parent = | divisions = | subsid = | homepage = | footnotes = Azrieli Group () 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.
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.
::figure[src="https://upload.wikimedia.org/wikipedia/commons/5/58/Ayalon_Mall_2.jpg" caption="Azrieli Ayalon, a shopping mall built by and owned by the group"] ::
In 2014, it sold paint manufacturer Tambour to the Kusto Group, a corporation registered in Singapore and owned by Kazakhs.
In 2016, the group announced its entry into the eCommerce sector with the acquisition of the eCommerce business and website of Buy2, 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.
::figure[src="https://upload.wikimedia.org/wikipedia/commons/9/93/Azrieli_sarona_tower_and_mall.jpg" caption="Azrieli Sarona tower and mall"] ::
In July 2019, Azrieli acquired 20% of US-based Compass Holdco 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 350 meter tall, 91-storey building and would become the second-tallest structure in Israel after the Dimona Radar Facility.
References
References
- "דף הבית - הבורסה לניירות ערך בתל אביב {{!}} אתר הבורסה".
- "Tambour Chairman: "Israelis are afraid of colorfulness"".
- "Azrieli Buys Buy2's eCommerce Platform".
- "Israel's Azrieli Group Couldn't Be Better Mall Owners, but Coronavirus Doesn't Care". Haaretz.
- Omri Zerachovitz. (2020-08-02). "Amazon in talks to build three Israel data centers for NIS 1b". [[Globes (newspaper).
- "Azrieli Group Ltd's NIS 2.8 Billion Acquisition of Green Mountain, AS".
- (2021-07-19). "Azrieli Makes Bigger Data Center Bet with Green Mountain Acquisition".
- Brummer, David. "Tel Aviv greenlights construction of one of Israel's tallest towers".
::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::