Address: 4 Derech Hahoresh, Yehud 56470
Nadav Grinshpon Vice Chairman
Menashe Sagiv CFO
Larisa Cohen Corporate Secretary
Avi Barzilay Deputy CEO, Africa Israel Properties & CEO, AFI Europe
Sharon Zaworbach Head of Commercial Property Division, Africa Israel Properties
Marc Groysman CEO, AFI Russ
Tamir Kazaz CEO, AFI USA
Ronen Ginzburg CEO, Danya Cebus
Oren Hod CEO, Africa Israel Residences
Avraham Novogrocki CEO, Africa Israel Industries
Avi Motola CEO, Negev
Ron Yariv CEO, Africa Israel Hotels
Line of business:
frica Israel Investments Ltd. is an international holding and investments group. The Company, which was incorporated in 1934 and became a public company traded on the TASE since 1973, is highly experienced and active in Israel and abroad in the fields of real estate, construction & infrastructure, industries and tourism & leisure.
Under the leadership of its chairman and controlling shareholder Mr. Lev Leviev and its CEO Mr. Izzy Cohen, AFI Group is one of the country’s largest groups in the field of investment. AFI Group comprises several public companies traded on the Tel Aviv and London Stock Exchanges.
AFI Group’s strategy includes a focus on developing core activities in real estate, construction & infrastructure, industries and tourism & leisure. The Group has taken the necessary steps to cope with the global economic situation, international capital markets and the repercussions for the activities of the Group in every place that it is engaged in business. This strategy includes focusing on the development and completion of a number of major projects in Russia, Europe, the US and Israel, realizing assets at good prices and worthy yields and operating the Group’s credit and financing activities, with professional risk management in Israel and abroad. The Group’s business policy rests on investment planning, locating business opportunities, quality risk management and supervision and control of all activities in Israel and abroad. The Company has realized the Group’s economic power and this is expressed, among other things, by creating synergy within the Group; the business partnerships between the Group’s companies; creation of sustainable net income; and leveraging the Group’s management capabilities and capital to obtain future growth.
AFI Development (Russia): A public company traded on the London Stock Exchange. Established in 2001, this company is one of the largest real estate development companies in Russia, focusing on large scale projects in Moscow and other main cities in Russia in the residential, offices, shopping malls, hotels and infrastructure sectors. The Company is owner and developer of some of Moscow’s largest projects, such as the “AFIMall City” shopping and entertainment center, the Ozerkovskaya project which combines luxury residential units, offices and a hotel, as well as the Tverskaya Zastava Site, which will include, upon completion, offices and exclusive residential buildings. In Addition, the Company has a large inventory of land that was purchased with equity, for future development in Moscow’s most prestigious areas.
AFI Europe: The Company has been coordinating the Group’s activities in Europe since 1998. It owns existing and developing residential, office and shopping mall projects in the Czech Republic, Serbia, Bulgaria, Romania, Poland, Hungary, Germany and Latvia. Among its outstanding assets are the “Airport City” project in Belgrade, and the “Cotroceni Mall” in Bucharest, which is the largest mall in Romania. In addition, the Company has a large inventory of land that was purchased with equity, for future development.
AFI USA: Established in 2002, the Company focuses on exclusive residential projects and income-producing properties. The Company is active in New York where it owns commercial areas in the New York Times Building and the APTHORP exclusive residential building. It is also active in Miami and other cities.
Income-Producing Assets in Israel: The Group holds and manages (mainly through its subsidiary, Africa Israel Properties, traded on the TASE since 2004) hundreds of thousands of square meters of income-producing properties in Israel, including commercial centers, science and industrial parks and office buildings.
Entrepreneurship, Construction & Infrastructure
Danya Cebus: The Company is the residential construction and infrastructure arm of Africa Israel, traded on the TASE since 2000. Danya Cebus leads some of Israel’s major infrastructure projects and is active in Russia and Romania. Danya Cebus has recently acquired the controlling interest in Africa Israel Residences, from Africa Israel Investments and has thus expanded its operations into the residential entrepreneurship sector in Israel.
Africa Israel Residences: Operating in Israel under the highly prestigious “Savionim” brand name, Africa Israel Residences, a public company traded on the TASE since 2006, develops entire neighborhoods including shopping centers, schools, green areas, and cultural and sports facilities. The Company has been ranked as the largest, best and most reliable residential entrepreneurship company in the country.
BOT & PFI Projects: Africa Israel holds about 24% of Derech Eretz Management Corporation, which operates the Cross-Israel Highway, Israel’s first toll road (Highway 6). Other BOT and PFI activities include Highway 431, student dormitories at the Hebrew University of Jerusalem and the Government Office Building in Tel Aviv.
Africa Israel holds a major interest in Africa Israel Industries (formerly Packer Plada, traded on the TASE since 1981), Israel’s largest steel company, which processes and markets steel, also operating in Russia, as well as in Negev Group (traded on the TASE since 1987), the country’s leading company in design and manufacture of building and interior design finishing products, which is also active in Romania and Russia.
Tourism & Leisure
Africa Israel Hotels holds the Crowne Plaza and Holiday Inn franchise in Israel. The Company operates 8 hotels (1,916 rooms) in Israel and 2 hotels in Russia (432 rooms). In addition, the Company is partner in the ownership of 3 Hotels in Romania (144 rooms).