Azrieli Group Ltd

Founding and early years

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.

By 2005, Azrieli Group was considered Israel's largest real estate investment group. The company went public on the Tel Aviv Stock Exchange in 2010. It built or purchased a series of shopping malls in the late 2000s and early 2010s, including locations in Modi'in, Hod HaSharon, Givatayim, Haifa, Akko and Ramla.

Danna Azrieli succeeded her father as chair of Azrieli Group in 2014. The company entered the senior housing market that year with the purchase of land in Modi'in to build an approximately 400-unit assisted living and nursing home facility. That same year, the company sold paint manufacturer Tambour to the Kusto Group. By 2016, the company had five senior housing projects throughout Israel. It purchased e-commerce platform buy2 in 2016 for NIS 62 million, renaming the site Azrieli.com. The platform shut down in 2023 following losses of NIS 313 million since its purchase. In 2017, the company completed Azrieli Sarona Tower, at the time the tallest building in Israel, and construction on a mall in Rishon LeZion. Azrieli Group operated 16 malls in 2017.