Azrieli Group
The Azrieli Group is a holding company that includes Israel's leading income-producing shopping centers and offices around the country for more than 20 years, as well as the listed company Granite HaCarmel with its subsidiaries in the energy, water, environment and paint industries: Sonol, Tambour, Supergas and GES. In addition, the Group holds 20% of Leumi Card, a credit card company. David Azrieli, the renowned entrepreneur, architect and businessman, owns the Group, while Menachem Einan has served as President of the Group for over 17 years.
Azrieli Group - Solid and Professional
The Azrieli Group has gained an excellent reputation through its core management, which is known for its professionalism and extensive experience. Alongside the Azrieli Group's President, Menachem Einan, the Group is led by: Danna Azrieli who serves as Vice President; Peer Nadir as CEO of Azrieli Malls; Yuval Bronstein, Vice President and CEO of the Group; Arnon Toren, V.P. Marketing; and Israel Keren as CEO of Gmal and Otzma.
Azrieli Group's Real Estate Assets
The Azrieli Group owns ten malls in Israel -
Ayalon Mall (100%), Negev Mall (100%), Jerusalem Mall (100%), Holon Mall (100%), Margalit Hasharon Mall (100%), Herzliya Outlet (100%), Azrieli Mall (100%), Modiin Mall, Kanor Mall (100%) and Givatayim Mall (100%).
In addition, the Azrieli Group owns the largest real estate project in Israel - the Azrieli Center in Tel Aviv and its three office towers (round, triangle and square). The Azrieli Group also fully owns the Herzliya Business Park complex including six office towers and an Outlet Commercial Center. The Azrieli Group is also in the process of building an additional office tower on this site.
The Azrieli Group is currently completing the construction of the Modiin City Center which includes housing, offices and the Modiin Mall. The Mall has opened its door on June 2008, while the housing and offices are planned to be open as of February 2009 till June 2009.
The Azrieli Group also owns additional assets including three industrial buildings in the Caesarea Industrial Park, the Science and Technology Park in Petach Tikva (50%), offices in Haifa and a number of assets overseas. In addition, the Azrieli Group owns properties throughout the country including in Rishon LeZion, Akko, Kiryat Ata, Holon and Haifa.
Projects Under Construction
The total financial value in 2008 of local projects built by the Azrieli Group amounted to more than NIS 1 billion. These projects included the Square Tower in Azrieli Center (completed in 2008), the Modiin City Center project (to be completed in 2009) and the construction of an additional tower in the Herzliya Business Park (to be completed in 2009).
Azrieli Group - Energy, Ecology and Water Activities
The Azrieli Group has a controlling interest in the publicly trade Granite HaCarmel holdings company, which operates in the gas and energy sectors, paints industry and the environment. The principle holdings include Sonol, Tambour, Supergas and GES. Through these companies, Granite HaCarmel operates in a number of fields including: marketing and distribution of refined fuel products; marketing and distribution of lubricants, oils and accessories; manufacturing, marketing and distribution of paints; purification, water desalination and production of electricity; treating wastewater; real estate investments; cellular communications infrastructures and more.
Azrieli Group - Financial and Business Strength
The two leading companies in the Azrieli Group (Canit Investments Management and Finance Ltd. and Canit Hashalom Investments Ltd.) have exceptional financial strength in their field. Canit Investments Management and Finance Ltd. was ranked AA by the Maalot credit ratings company and Aa2 by Midrug. In addition, Canit Hashalom Investments bond issue was rated Aa2 by Midrug.
The high positioning of the Group, its strength and quality, result in the following factors (as determined by the ratings reports):
- The best quality income-producing assets Group in the country.
- Over 20 years of income-producing real estate activities in Israel.
- Israel's leading and quality commercial centers.
- High assets value.
- Geographic spread and spread of leases.
- 100% occupancy in the company's main assets.
- Conservative financial policies - low level of leverage and high level of liquidity over the years.
- Quality, solid, professional management with extensive experience in the company's areas of activity.
Azrieli Group - Protecting the Environment
GES (from the Granite HaCarmel Group) specializes in providing advanced technological solutions in the treatment of water and waste water in the industrial and institutional market, water recycling and more. Among the company's outstanding flagship projects are: the water desalination plant in Palmachim, which produces 30 million cu.m. of drinking water annually from the Mediterranean and makes a significant contribution to Israel's water economy; a green electricity production plant from cow manure in Emek Hefer, which is implemented through anaerobic digestion and processing agricultural waste into biogas -
from which electricity is generated and sold to the Israel Electric Corp.
The company has experience in a range of important projects in this sector such as: desalination plants for brackish water in Ketziot and the Carmel beach; water treatment plants in a range of industries (beverage, food, chemical, microelectronics factories and more); sanitary effluent treatment plants for example Herzliya, Dimona, Timorim, Gush Etzion and more.
The company leads the Israeli market in this area of specialization and is also active in the international market in Greece, Cyprus, Central America, China and more.
In recent years the company has invested in identifying and mobilizing new technologies in the Cleantech sector, including investments in the startup Uniclean, in the wastewater treatment industry, developing electrolysis and green disinfecting of water, and in innovative technologies for the treatment of mud and more.
Key Data about the Azrieli Group for 2008
Revenues: Approx. NIS 7.7 billion.
EBITDA: Approx. NIS 1.45 Billion.
Israel's Leading Income-Producing Real Estate Group:
Total Area Owned by the Group: About 1 million sq.m.
Occupancy: 95%-100%
The Largest Malls Group in Israel:
The Data is as follows:
Number of Malls: 10
Net Area Coverage of Malls: About 500,000 sq.m.
Total 2008 Sales: About NIS 4 billion
Number of daily visitors: Approx. 150,000
Number of stores: Approx. 1,350
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