Azorim Investments in Development and Construction Company Ltd.

For over 60 years, Azorim has been one of Israel’s largest and leading real estate companies. Azorim, which was founded in 1964, is controlled nowadays by the international businessman Hershey Friedman and has evolved into a public company, with traded shares on TASE.
Azorim’s six decades of professional experience, together with the company’s economic strength, position it at the forefront of the Israeli real estate market, specializing in residential properties. Azorim has been entrusted with building innovative construction projects while identifying real estate potential and creating an advanced and pleasurable residential experience for its customers, with first-class environmental development. The company has about 40,000 housing units in different stages of licensing, planning, construction, and marketing. Also, Azorim has identified urban renewal as a potential growth engine in the coming years and is initiating over 80 projects with about 35,000 planned apartments.

At the Forefront of Israel’s Real Estate Market – Leading in Quality and Planning

Wide experience, uncompromising professionalism, flexibility, and meticulous work, help to make Azorim a constant force in the face of economic dynamism and social changes that characterize Israel. Combined with creativity, and the ability to locate attractive land reserves, led to Azorim being identified today with some of the more iconic projects in Israel, collaborating with leading architects and designers, among them MYS architects, Kika Barz, Dana Oberzon, and others. These projects have become part of Israel’s definitive scenery with Ramat Poleg neighborhood project, Azorim Park, Neeman Towers, Dizengoff Center, Clal Center in Jerusalem, Herzliya Hills, Exchange Ramat Gan, and more.

Urban Renewal

To maintain its urban renewal leadership in the Israeli market, Azorim has set a designated urban renewal division, which specializes in urban renewal projects that will ultimately become large residential mixed-use complexes. The division is managed by the best in the field and has the benefits of the proven professional capabilities of Azorim, alongside the systemic flexibility needed to carry out urban renewal moves. Azorim is promoting the planning of about 80 projects and in total more than 35,000 apartments in Israel, in projects that include the company’s flagship project – MOMENT in Bat Yam, SHAAR HA’IR in Giv’at Shmuel, N Sokolov and N Weizman in Netanya, Ir HaYam in Haifa and the largest urban renewal project in Weizman Herzliya, which includes the eviction of 580 apartments and the construction of about 1,840 apartments. Launched for marketing to the general public.

Developing Community Life

Azorim believes that a home is a community. Azorim enjoys a loyal customer base that follows it for many years, upgrading their living conditions according to their changing needs. High-quality residential environments also lead to sweeping urban development in the surrounding areas. Azorim prioritizes its customers strives for innovation and guarantees the highest level of living quality with vast urban development for their communities, including community services, high-quality education institutes, green lungs, ring roads for maximal safety, accessibility, and leisure centers.

Mixed-Use Development

Azorim is entrusted with mix-use projects across Israel, where a rich community life meets leisure and entertainment, creating high-quality residential environments. The commercial areas offer the residents services such as supermarkets, cafés, restaurants, parking and more. Azorim Prime’s yielding properties have more than 70,000 sq.m. of commerce areas in various stages of operation, development, and planning.

Azorim Living

REIT fund Azorim Living specializes in long-term rental homes, initiating and building rental complexes with hundreds of housing units, allowing operational efficiency in the construction, management, and maintenance of the apartments. The projects are concentrated in high-demand areas with growth potential, with access to major roads, public transportation, employment, education, and academic centers. Its objective is to operate in medium- and long-term improvement-oriented areas. The fund owns 5 yielding properties in Or Yehuda, Rishon LeZion, Tel Aviv, Ashkelon and Ashdod, that count about 870 housing units, and also 5 projects in various stages of construction and planning that count 1,200 housing units in Bat Yam, Tel Aviv, Lod and Jerusalem.

Prominent Projects in 2025

Exchange Project, Elite Junc., Ramat Gan - An upscale project that showcases modern and international mix-use architecture by MYS Architects, as seen in major cities around the globe. The project leads an urban revolution and would include two 220-meter-high towers and the conservation of the historical Elite factory. The 55-story residential tower will include 355 apartments as well as public areas, work areas, a swimming pool, etc.
Herzliya Ville - One of Israel’s largest urban renewal projects, in which 576 old apartments built in the 1950s and 1960s will be demolished, and in their place, about 1,843 new housing units will be built alongside commercial areas, employment, public buildings and a large park. Azorim will be responsible for all development, including roads, infrastructure and commercial boulevards. The strategic location, near Herzliya Park, Seven Stars Mall, train station and major transportation arteries, is expected to attract an audience of young families and residents of the area.
Salt of the Land, Jerusalem - An extraordinary project that combines historical depth with contemporary luxury. The location is near Kibbutz Ramat Rachel and at the foot of the historic offset aqueduct at an altitude of 780 meters above sea level, exposed to breathtaking views of the Yehuda Desert and the Dead Sea. The design draws inspiration from Jerusalem stone and local heritage and connects it under one roof with clean modern design and high-end materials. The project appeals to a high-quality community connected to values and tradition and offers a living experience with a sense of meaning, belonging and modern comfort.
The Sea City Project, Haifa - One of Azorim’s flagship projects with approximately 1,212 apartments in 12 state-of-the-art modern buildings of 21-22 floors. The significant environmental development that the company will carry out will help maximize the use of the area and will include the “View Park” complex at the mountainside, overlooking the sea and blue southern beaches of Haifa. In addition, the residents will enjoy private lawns, playgrounds, outdoor fitness facilities, and bicycle paths that connect the new neighborhood to the main employment and entertainment areas of the city such as Carmel Beach area, MATAM the high-tech and business park, shopping malls, and the Stadium. The neighborhood is also close to main traffic routes such as Route 2, Route 4 and the Minharot Road.
Sha’ar Ha’ir Project, Giv’at Shmuel - Like its name, the project is expected to become a meeting point for the residents of the neighborhood and the city. Sha’ar Ha’ir will include 367 units in 3 new buildings on Ben Gurion Street, at the city’s entrances in the western part of Giv’at Shmuel. In addition, the tenants will enjoy 3,500 sqm of commercial space, a tenants’ club, educational institutions, green spaces, and a central square.
Azorim has projects all over the country, from Nahariya in the north to Be’er Sheva in the south.