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.
In March 2018, the company shares were listed on TASE.
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.

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 + Lot 25), Tayibe and The Dead Sea. 9 complexes currently under construction and entrepreneurship: Kfar Saba Lot 59 )population( +Phase III, Ganei Tikva Phase II, Bikat Ono Tira Phase II, Rahat, Um El Hahem Phase II, Rosh Haayin, Daliyat al-Karmel and Tamra.
Over 110,000 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 close to 100% (after neutralizing properties in redevelopment stages), and a low revenue load for the renters. Over 400 chain stores and tenants 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, 10,000 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.

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.
Recently opened a retail chain in the field of supermarkets, “Super Tal” chain, the chain currently has 8 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.
Avishay Avraham, CEO
Avishai Avraham, CEO, Rani Zim Shopping Centers Ltd., leads the company to excellence in the field of commercial real estate.
Avishai holds a B.A., Accounting and Business Administration, and is a certified public accountant. He has vast experience in managing public companies. Avishai led the company to impressive achievements and positioned the company as a leading player in the field of yielding properties. Under his management, the company launched and completed strategic development projects. Avishai focuses on innovation, development and expanding the operations in the Arab segment.
Yoav Kaplan, Deputy CEO 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
Beni Halif, CEO of the Management Company and Chief Marketing and Properties Office.
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

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.

The Group’s Strategy

The Group’s strategy is based on several major pillars: focusing on commercial centers while emphasizing on commercial centers the Arab segment, the periphery and neighborhood complexes.
The success of the commercial centers stems from building a unique mix, adapted to the needs of the local population and consumption culture, 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 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 of properties with significant redevelopment potential – All supporting the operating profit of the yielding properties.
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. Residential development with an emphasis on the periphery and the non-Jewish sector while introducing innovation, branding 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.

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 132M and as of the end of 2023, the company’s equity was NIS 731M .This consistent growth is also evident in the company’s net operating income (NOI), from NIS 30M in 2016 to about NIS 85M in 2023. The company expects the annual NOI to reach NIS 110M in 2024, based on the projects currently under construction.
Projects in the field of residential initiation in the Arab sector - in addition to activity in 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.

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.

The Company’s Vision

We are a leading group of trailblazing people in the real estate sector. We create a vibrant, innovative, high-quality, economically accessible, and green living environment that meets the needs of diverse individuals and communities. All this is done through a relentless pursuit of creating value for the environment and profitability for shareholders.