Azorim Investments in Development and Construction Company Ltd.

Residential real estate, Yielding real estate, rentable housing, and urban renewal

Azorim Investments in Development and Construction Company Ltd.
Profile Icon

Company's Profile

Established: 1964
Line of Business: Residential real estate, Yielding real estate, rentable housing, and urban renewal
Address: 32 Aranea St., Tel Aviv 6107034
Phone: 972-3-5632632
Fax: 972-3-5632665
Email: [email protected]
Website: http://www.azorim.co.il
Management Icon

Company Executives

  • Friedman Hershey, Azorim Investments in Development and Construction Company Ltd.

    Friedman Hershey

    Controlling Shareholder & Chairman of the Board

    Azorim Investments in Development and Construction Company Ltd.

    View Profile

    Friedman Hershey
  • Ron Avidan, Azorim Investments in Development and Construction Company Ltd.

    Ron Avidan

    CEO & Director

    Azorim Investments in Development and Construction Company Ltd.

    View Profile

    Ron Avidan

Leading Executives

    Moshe Koren Head of Business Development
    Levi Shtresler Chief Financial Officer
    Meir Simcha Head of Engineering & Planning
    Gil Gurevitz Head of Marketing
    Yoni Barel Head of Sales
    Lilach Erez Legal Counsel
    Sigal Halevy Head of Resources & Customer Relations
Icon About

About Azorim Investments in Development and Construction Company Ltd.

Azorim is one of Israel’s largest and most stable real estate companies. The company holds properties in Israel and abroad and operates overseas through subsidiaries. Azorim is publicly traded on the TASE, and is controlled by international businessman, Mr. Hershey Friedman. About 60 years of experience, in combination with financial strength, turn Azorim into one of Israel’s seasoned and prominent real estate companies. Specializing in the residential field, Azorim is scheduled to build about 3,500 residential units throughout the country during 2021. This longstanding company has been orchestrating the construction of complex projects with great success, for several decades, while locating real estate potential. Azorim’s projects include spacious, convenient and lavish apartments with high-quality construction specifications, advanced residents’ services and excellent environmental development. The unique integration of knowledge, experience, financial strength and flair, lead to first-class residential projects that set a new standard in Israel. Azorim directs the perfect residential experience for many Israeli families, while applying innovation and advanced technologies, listening and responding to its customers with full availability, creativity, transparency and leadership.

Developing Broad Community Activities

Azorim believes that a home is far more than a structure, a home is a community that provides its residents with a sense of belonging. Accordingly, Azorim initiates and holds various events and activities to support cohesion and communality, in full partnership with the residents. As a result, Azorim has loyal customers, who grow with their residential neighborhoods and accompany it for years, into new apartments in accordance with their varying needs. Azorim’s high-quality neighborhoods also lead to extensive urban development around them. As a customer-centric company, Azorim’s neighborhoods guarantee the highest level of living quality, with perfect convenience for their residents, not only inside the structure, but also in their surroundings. Proximity to important services and excellent education institutes, green areas, bypass roads for maximal safety, optimal accessibility and leisure centers are the cornerstones for Azorim’s residential projects.

Successfully Navigating the Competitive Real Estate Market

Azorim’s longstanding experience and uncompromising expertise, alongside with its flexibility and strict quality control, make it resilient to the rapid changes in Israel’s economy and society. Azorim is considered to be #1 in terms of sales among the public companies that sold around 1,000 apartments in 2019-20. It also leads significant large-scale marketing moves including the digital sale of about 480 apartments in an urban renewal in Bat Yam – Moment, innovative sales offices with unique technologies that offer innovative user experiences for buyers. Thus, with its finger on the pulse, and the location of attractive land reserves, while taking into account the residents needs and preferences, Azorim successfully navigates the competitive real estate market. The emphasis on a holistic residential experience, alongside with the its vision of future trends and changes in the industry, position Azorim at the forefront of Israel’s residential industry.

Urban Renewal

To offer proper and contemporary planning for its urban renewal projects, Azorim established a separate division for this segment, with an expertise in building large residential complexes. The division is managed by the best experts in their field and its pioneers, and benefits from Azorim’s proven professional capabilities, alongside with the systemic flexibility that is required for executing urban renewal projects. All while focusing on social aspects and the residents’ needs, which position Azorim at the top of Israel’s urban renewal indices. Azorim is promoting the planning of 30 projects with a total of over 11,000 apartments across Israel, including the flagship project Moment, Sha’ar Ha’Ir in Givat Shmu’el, and projects in Netanya’s city center and Weizmann Neighborhood, Herzliya.

Azorim LIVING

The REIT Azorim LIVING specializes in long-term rental residences, and focuses on developing and building rental complexes with hundreds of apartments, which enable operational efficiency in the apartments’ construction, management and maintenance. The location of the projects is focused on high-demand areas with an emphasis on access to main roads, public transportation, employment, education and academic centers, and also in areas with high demands for rental properties. The REIT also aims to operate in areas with medium to longterm potential. Currently, the company’s portfolio includes six projects at various stages with about 1,500 apartments in total, including a project in Ashdod that was populated a couple of years ago, two additional projects pending population in Rishon LeZion and Or Yehuda, projects in planning in Bat Yam and in Ashkelon that the company recently won through a government tender, and several residential complexes near the sea in Haifa.

Prominent Projects for the Year 2021

Azorim Motza Iliit: A luxury residential project near the entrance to Jerusalem, in a historically-important site, which offers its residents a complete exclusive residential experience. This unique project covers 60 dunams and offers a variety of apartments in low buildings, surrounded by Cedar trees and overlooking a spectacular Jerusalem view.

17 Central Park: At the heart of Be’er Sheva, Israel largest residential park in currently under construction. This residential complex includes more than 2,300 apartments in seventeen 29-story towers. The project would offer quality of life at the center of Israel’s most promising city, that has everything: Business centers, knowledge and academy centers, culture and leisure centers, access to arterial roads and more.Moment, Bat Yam: One of the most intriguing projects in Gush Dan, in the popular neighborhood Ramat HaNasi, in an ideal location near the sea, promenade, daycare centers and schools, the country club and transport arteries (including the light rail’s Red Line). The project would include 714 apartments in four modern 34-35-stories towers and also offices and commerce areas. Exchange, Illit Junc., Ramat Gan: An upscale project that leads an urban transformation of the Diamond Exchange complex and is characterized by modern international mix-use architecture which is led by MYS Architects. The project would include two 220-meter towers and the conservation of the Bauhaus building of the historical Elite factory. The 55-stories residential tower would include 355 apartments and about 3,000 sq.m. of commerce areas.Narkisim, Rishon LeZion: A project in the renewing eastern part of the city near Assaf Harofe Hospital, with 9-27-stories residential buildings. The attentive planning would enable the residents to benefit from a variety of public institutes, new schools, commerce areas and nearby entertainment centers that would provide rich communal living and high living quality.

Azorim is building high-quality residential communities in other cities: Glil Yam, Nahariya, Rehovot, Hadera, Ganei Tikva, Kiryat Ono, Modi’in, Tel Mond, Jerusalem, and more. The company is also building Mehir LaMishtaken projects in Rishon LeZion, Shoham etc.