'We are now seeking out real-estate investments and looking to grow outside of the center of the country in areas such as northern Israel,' President Menachem Einan said yesterday in an interview on the top floor of the Azrieli Center’s circular tower in Tel Aviv. 'We are also considering investments in North America and Europe although Israel will continue to be our primary area of investment.'
Azrieli, owned by Canadian billionaire David Azrieli, said in May it planned to invest 1.5 billion shekels in more than 220,000 square meters of property, according to an investor presentation filed with the Tel Aviv Stock Exchange. The company will use between 1.3 billion shekels and 1.5 billion shekels to fund existing projects such as two shopping centers in the Israeli towns of Kiryat Ata and Acre in the north, Einan said."
