Azrieli Group

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.^[3]

In 2016, the group announced its entry into the e-commerce sector with the acquisition of the eCommerce business and website of Buy2^[4].

Its investment in assisted living facilities for the aged made up 7% of its assets as of 2020.^[5]

In July 2019, Azrieli acquired 20% of US-based Compass Holdco to compete in the data center real estate business.^[6] In 2021, Azrieli acquired Green Mountain, AS for ₪2.8 Billion.^[7][8]

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 and would become the second-tallest structure in Israel after the Dimona Radar Facility.^[9]

In 2025, Azrieli Group bought developer ZMH Hammerman^[10], which is part of a list of companies operating in West Bank settlements. The UN Human Rights Council noted that the companies flagged by the list were all responsible for activities that “raised particular human rights concerns”.^[11]

In recent years, the Azrieli Group and its ties to the Azrieli Foundation have been the target of campaigns by artists and activists in Canada due to its connections with activity in illegal settlements in the occupied West Bank and other concerns.^[12]

• Economy of Israel