TEL AVIV, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) -- The NOI in the quarter totaled NIS 473 million, up 16% compared with last yearThe annual NOI rate based on Q2 is NIS 1.9 billion, excluding Mall Hayam and the signed contracts that are not yet producing income in the Data Centers sectorThe Same Property NOI in the quarter was up 11% compared with last yearThe Group presents record high occupancy levels in all segments – Offices, Retail and Senior HousingThe FFO in the quarter totaled NIS 331 mi
Azrieli Group is buying an unnamed London data centre operator for 52 million pounds ($64 million), the Israeli real estate developer said on Sunday. The centre has lease agreements with customers for an average term of about five years, Azrieli. Azrieli, one of Israel's largest mall operators, also said it was buying an adjacent plot of land and that both plots present future development and construction potential.
Presents strong results in all operating parameters and investments of over ILS 3.5 billion this yearNOI in 2021 is up 31% year-over-year, amounting to some ILS 1.6 billion and the NOI rate in Q4/2021 was over ILS 1.8 billion and has reached record levels, thanks to the significant contribution of growth engines (the offices, senior housing, and data center segments), and despite the partial operation of the malls at the beginning of the year FFO in 2021 is up 32% year-over-year, amounting to so