Rani Zim Shopping Centers Ltd.

Development, Construction and Management of Commercial Centers

Rani Zim Shopping Centers Ltd.
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Company's Profile

Established: 2009
Line of Business: Development, Construction and Management of Commercial Centers
Address: 14 Ehad Ha’am St., Tel Aviv
Phone: 972-73-7962555
Fax: 972-3-6096000
Email: [email protected]
Website: https://zimurban.co.il/
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Company Executives

  • Rani Zim, Rani Zim Shopping Centers Ltd.

    Rani Zim

    CEO and Founder

    Rani Zim Shopping Centers Ltd.

  • Yoav  Kaplan, Rani Zim Shopping Centers Ltd.

    Yoav Kaplan

    Deputy CEO

    Rani Zim Shopping Centers Ltd.

Senior Executives

    Benny Halif CEO of the management company and VP Marketing and Assets
    Yaron Israel CFO
    Zehavit Shahaf Legal Advisor
    Dagan Cohen Head Engineer
    Wissam Kahoish Business Development Manager
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About Rani Zim Shopping Centers Ltd.

Rani Zim Shopping Centers Ltd. was founded in 2009 and it mainly operates in the development, construction and management of commercial centers, and the purchasing, development and betterment of lands in Israel.

The company’s business vision focuses on the accelerated development of open commercial projects that combine retail, entertainment and services, with a designated specialization pertaining to the Arab society in Israel. In March 2018, the company shares were listed on TASE. In July 2021, about 3 years after it made its first investment in the establishing of open shopping centers in Arab communities, the company announced its entry into the activity of initiating and establishing residential projects in the Arab society, with a first project in the local council Foridis.

In May 2022, the company acquired the Megido Development Group, a move that strengthens the involvement of Rani Zim company in the residential construction industry, including the field of urban renewal and will allow it to take a step forward in the scope of its activities, thanks to the significant backlog of projects held by Megido, and at the same time will give it ownership of an experienced execution division and multiple diverse competencies. the controlling owner of Rani Zim Shopping Centers Ltd. is Rani Zim, who owns approximately 54% of its shares.

Rani Zim in Numbers

12 commercial centers in the towns of: Ma’alot, Beit She’an, Netivot, Arad, Yarka, Um El Fahem, Nof HaGalil, Ganei Tikva, Tira and Kfar Saba (Phase I), Tayibe and The Dead Sea. 9 complexes currently under construction and entrepreneurship: Kfar Saba Phase II, Ganei Tikva Phase II, Bikat Ono Tira Phase II, Rahat, Um El Hahem Phase II, Rosh Haayin, Daliyat al-Karmel and Tamra.
Over 100,000 sq.m. of commercial areas: that are managed by managers who are company employees and hold an impressive track record in the field of retail, the average occupancy rate of the company’s existing centers is approximately 95%, and a low revenue load for the renters. Over 300 chain stores and brands in the fields of fashion, footwear, cosmetics, supermarkets, pharma, cafes, restaurants, leisure, electricity, electronics, furniture, books, jewelry, houseware and gifts and more, as well as additional services such as banks, HMOs, clinics and games.

The Company’s Prospects

The prestigious Ganei Tikva project - The first phase of which was completed in 2021 and covers an area of approximately 9,000 square meters, will be expanded in the future on land purchased by the company, together with Reit, and on it, approximately 20,000 square meters of additional commercial space is expected to be built, alongside employment spaces .

Bikat Ono project - the company acquired 50% of the rights in the project under construction in Bikat Ono, which covers approximately 17,000 square meters of commercial space.

The Flagship Project in the Sharon Region: A Unique mix-use project under construction, which would combine logistics and employment areas, server farms, commerce, leisure, entertainment and more, in the city of Kfar Saba. this project, which is planned in stages, would include: a 13,000 sq.m. server farm, 15,000 sq.m. of commerce areas, 34,000 sq.m. of logistics , and about 1,100 parking spaces, some open and some subterranean. The project is located in the eastern part of the city in the Sharon region, near route 6 between Horashim junction and Eyal junction, and its 60 dunam outdoor area is an open market and an eco-park in cooperation with the Kfar Saba Economic Development Cooperation. Phase I of the project has begun to yield and is mainly leased to the ‘Osher-Ad’ branch.
Accelerated entry into the initiated residential sector - the company began initiating activity in the Arab sector through the purchase of land and the promotion of combination transactions. The company won two Israel Land Authority tenders in Fordis and Kfar Qasim for approximately 36 housing units and 176 housing units respectively.
In addition, last May, the company announced the phase-by-phase purchase of all the rights in the Megido company, an initiative company in the residential sector whose main activity is in the periphery. The company has an inventory of about 3,000 housing units in planning and construction, as well as a contractor’s license C 5 through which the company works for the self-construction of the housing units. The company intends to expand the activity of the residential initiation via Magido that it acquired.

Extensive Operations in the Arab Sector

To the strategic activity of Rani Zim company in the Arab sector in Um Al Fachem, Yarka, Tayibe and Tira will soon be added other projects that are under construction, such as Rahat and Tamra. In addition, in light of the success of the projects in the sector, the company intends to expand the project in Tira and Umm Al Fahem, while another project in Daliyat al-Karmel is nearing approval. The plan involves planning of strategic conceptual projects, with scopes of up to 10,000 square meters.
Projects in the field of residential initiation in the Arab sector - in addition to activity in the the commercial centers, the company works to initiate residential projects in the Arab sector through participation in the Israel Land Authority tenders, promoting the purchase of private land as well as promoting combination transactions with land owners.

Executive Team

Rani Zim, Chairman of the Board
Rani Zim founded and publicly issued the food retail chain Kimat Hinam and sold his holdings in it in 2012 with a valuation of NIS 350 million.
Thanks to his far-reaching vision, the company became a real estate group that initiates, manages and constructs diverse commerce and entertainment projects.

He is also the controlling owner Psagot Group, a public company that holds “Psagot” investment house, through which they recently acquired the funds, portfolio management and stock exchange activities of “Psagot”. Additionally, he is also a partner in Brenmiller Energy, which is active in the energy storage field, Duty Free, and recently opened a retail chain in the field of supermarkets, “Super Tal” chain, the chain currently has 7 open branches and 4 more are under construction in the next few months. Rani maintains extensive retail experience alongside a deep understanding of yielding real estate.

Yoav Kaplan, Deputy CEO and CEO of the Company’s subsidiary, “Reka Group”, manages the business development and business strategic design array, while adjusting it to the changing market and environmental conditions. In his vast activity Kaplan led the company to progress, innovation, differentiation and a relative advantage in the complex field of retail. The experience he acquired in Reka Group, which currently focuses in yielding projects in the Arab sector, serves as an important base of the company’s activity. Yoav maintains over 20 years of experience in commercial entrepreneurship, and initiated, among other things, “Big Fashion Ashdod”, among others.

Avishay Avraham, CEO, holds a BA, Accounting and Business Administration; and CPA.
Avishay has vast experience in managing private and public companies as well as in managing funds, business development, raising funds and debt from the capital market and the public, and working with the banking system.

Beni Halif, CEO of the Management Company and VP Marketing and Assets. Has about 20 years of experience in senior management positions in real estate and retail companies.
Halif combines experience and broad professional knowledge, in business and marketing management planning of various types of shopping centers, communication management and working relationships with retail chains and tenants of the shopping centers. Halif has extensive knowledge in managing retail brands, identifying the needs of target audiences, building an advertising concept and integrating marketing channels.

Tzahi Cohen, CFO: An Accountant - Graduated with a bachelor’s degree in accounting and economics from the Rupin Academic Center, and has a master’s degree in business administration from The Hebrew University. Served as a CFO of public, international companies in the field of real estate. Academic lecturer in finance and accounting

The Group’s Strategy

The Group’s strategy is based on several major pillars: focusing on commercial centers while emphasizing on the Arab segment in the periphery and in neighborhood complexes.
The success of the commercial centers stems from building a unique mix, adapted to the needs of the local population and consumerism, with an emphasis on basic consumption, necessary services, connection to the community and quality entertainment with added value.
At the same time, the company works for optimal utilization of the building rights in the existing centers and development of company owned lands, maintaining economic rent while taking into account, inter alia, the rent burden and the tenants’ management fees to revenues ratio, expanding the company’s operations through the development of lands, existing properties and acquisitions and acquiring properties with significant betterment potential – All these and more lead to an increase in the operating profit of income-producing assets.
the company is working to execute development against preliminary renting to anchor tenants or strong demand indications and a conservative leverage level alongside health growth, initiation in the residential sector with an emphasis on the periphery, and the non-Jewish sector while introducing branding innovation, and execution in the planning, initiation and marketing stages of the projects .
In July 2021, the company announced its entry into the field of residential real estate initiation. In the first phase, the company entered the field of residential initiation in the Arab sector, with a first project in Pardis and Kfar Qasim.
In May 2022, the company announced the acquisition of the seasoned initiation and execution group Megiddo, with the aim of expanding its activity in the field of residential initiation throughout the country.

Consistent Equity Growth

Over the past few years, the company has recorded an impressive and consistent growth in equity. In 2014, this capital was NIS 132 million and as of the end of 2022, the company’s equity was NIS 637 million. Also in terms of the company’s net operating income (NOI), its consistent growth can be seen, as in 2016 this income totaled at NIS 30 million and in 2022 at about NIS 80,850 million. According to the company, the annual NOI will exceed NIS 110m in 2024 based on the projects currently under construction.

The Company’s Customers

The company’s customers, in its various centers throughout Israel, include Israeli and global companies and public institutes, including fashion and clothing companies, footwear companies, pharma companies, electronics and appliances companies, book companies, HMOs, financial institutes, communication companies, marketing chains, food and catering companies, cafes and restaurants, eyewear stores and more. In its centers in the Arab segment, about 80% of the tenants are national chains while 20% are leading local business owners.

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