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PromotorasAzrieli Group

Azrieli Group

עזריאלי

Azrieli Group, propietaria cotizada en Tel Aviv de la cadena de residencias para mayores Palace, posee la parcela Central 2104, ganada el 19 de febrero de 2025 por ₪595,2 millones desarrollo incluido a través de Palace Ra'anana Senior Housing Ltd. Allí construye Palace Sde Dov: unos 320 apartamentos para mayores, una unidad de enfermería de 12 camas y unos 1.200 m² de comercio en dos torres de 20 plantas sobre una base de 6 plantas, diseñadas por Brand Architects. El plan de diseño se aprobó el 18 de febrero de 2026 y la empresa prevé completarlo en 2030 a un coste de ₪1.200 a ₪1.300 millones incluido el suelo. Aún no se ha publicado una lista de precios de depósito para Sde Dov.

La empresa

Razón social
Palace Ra'anana Senior Housing Ltd (Sde Dov winning entity, company 520033150); parent Azrieli Group Ltd קבוצת עזריאלי בע"מ
Fundada en
1983, by David Azrieli. Listed in 2010 in the largest offering in the exchange's history, raising about ₪2.5B.
Fundadores
David Azrieli
Sede
Tel Aviv
Cotiza
TASE: AZRG
Propiedad
Azrieli Holdings owns 55.62 per cent. Danna Azrieli is chair and interim chief executive.
Tamaño
Market capitalisation about ₪50.7B as at 3 September 2026, the largest income-producing real-estate company in Israel. For 2025: revenue ₪3.91B, net profit ₪1.89B, equity ₪25.3B, balance sheet ₪63.6B. Rated ilAA+ by S&P Maalot and Aa1.il by Midroog. The Palace senior-living chain carries a book value near ₪4.5B, with six homes operating, 1,415 apartments above ground and 99 per cent occupancy.
En otros lugares
  • Expansion of Azrieli Tel Aviv Center with the Spiral Tower, about 150,000 sqm, estimated completion 2028, ₪3.08B to ₪3.28B
  • Glilot Campus, Ramat HaSharon, about 43,000 sqm, estimated completion 2027
  • Modi'in North, Lot 10, about 37,000 sqm, estimated completion 2026
  • Glil Yam, Herzliya, about 19,630 sqm of senior or rental housing rights, estimated completion 2028
  • Palace Rishon LeZion, 274 senior apartments, opened June 2026
  • Mount Zion Hotel, Jerusalem, renovation and expansion to about 34,000 sqm
No confundir con
The Sde Dov lot was won by Palace Ra'anana Senior Housing Ltd, the Azrieli company behind the Palace chain, so the winner's name points to Ra'anana rather than Tel Aviv. Consumer materials use 'Azrieli Palace' or 'Palace'; the Water Authority notice calls the site 'Azrieli Palace Sde Dov'.

Lo que debe saber un comprador extranjero

This is senior housing, not ordinary apartments, and the winning vehicle is named after Ra'anana rather than Sde Dov, which makes it hard to find. Occupancy in this category is usually sold as a deposit-and-licence arrangement rather than as ownership, so the contract is a different instrument from the rest of the district.

Cuánto pagó, y por qué

Cada adquisición registrada en el distrito, con su fuente.

Timeline

En el registro público

Hechos publicados que un comprador querrá conocer antes de firmar, cada uno con su fuente.

Senior housing is sold on a deposit, not as an apartment

Palace homes are occupied under a deposit-and-licence model. In July 2026 Ynetnews reported, for a Palace home, a ₪2M deposit for a 50 sqm apartment with a balcony, ₪9,700 a month in fees and a deposit erosion of 4.2 per cent a year, and a ₪3.3M deposit and ₪14,900 a month for 74 sqm. These are the chain's current figures, not a Sde Dov price list, which has not been published.

Completion is planned for 2030

The company's June 2026 presentation gives an estimated completion date of 2030 and an estimated cost of ₪1.2B to ₪1.3B including land for about 42,000 sqm of building rights. Monitoring-well drilling for the site was applied for in September 2025.

Donde las fuentes discrepan

Cifras publicadas que no coinciden. Se dan ambas lecturas.

How many apartments will Palace Sde Dov have?

The tender allowed up to about 350 units; the design plan and the company's own presentation give about 320. This reads as a design choice below the tender maximum, not a reporting error.

When was the design plan approved, and when was the land won?

Earlier versions of this record gave 19 February 2026 for the design approval. The municipal agenda and the news report both put the session on Wednesday 18 February 2026; 19 February is the publication date and the anniversary of the 2025 tender result.

Proyectos

En la prensa

  • District records
    Africa Israel and Azrieli design plans approved (incl. Palace Sde Dov senior living)

    Design plans for Africa Israel and Azrieli clear the committee, including Azrieli's Palace Sde Dov senior-living project.

Fuentes

Todo lo que hay en esta página procede de alguna de ellas.

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