Azrieli Group

Azrieli Group Reports Q3/2023 Results

Retrieved on: 
Monday, November 27, 2023

The increase was partially offset by non-inclusion of Compass’s results already in the current quarter.

Key Points: 
  • The increase was partially offset by non-inclusion of Compass’s results already in the current quarter.
  • TEL AVIV, Israel, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Danna Azrieli, Chairwoman of Azrieli Group, said: “The State of Israel is in the midst of a war, and Azrieli Group is entirely committed to the effort and to civil aid on all fronts.
  • We will continue acting on this commitment while maintaining financial strength and responsible conduct in these challenging times, which create both a complex business environment and opportunities.”
    Eyal Henkin, CEO of Azrieli Group, said: “As we mobilize and provide resources, Azrieli Group is closing another good quarter with continued growth in all parameters.
  • The sale of the Group’s minority holdings in Compass reflects a gross yield of x2.5 on the investment (in total, Azrieli Group invested in Compass approx.

Azrieli Group Releases Q2/2023 Results

Retrieved on: 
Thursday, August 17, 2023

TEL AVIV, Israel, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Eyal Henkin, CEO of Azrieli Group, said:

Key Points: 
  • TEL AVIV, Israel, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Eyal Henkin, CEO of Azrieli Group, said:
    “We are closing another strong quarter with continued growth in all operating parameters.
  • The Group’s operations in the malls and offices segment presented good results and high occupancy rates.
  • In accordance with the mechanisms stipulated in the agreement with the partners, Azrieli Group decided to join the sale transaction, and will sell its minority holdings in Compass according to the same valuation.
  • Subject to the closing of the transaction, the Group is expected to receive a gross consideration of approx.

Israel Existing & Upcoming Data Center Database: Investment Details, Load Capacity, Infrastructure Overview, Project Status and More.

Retrieved on: 
Friday, July 21, 2023

DUBLIN, July 21, 2023 /PRNewswire/ -- The "Israel Existing & Upcoming Data Center Portfolio" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, July 21, 2023 /PRNewswire/ -- The "Israel Existing & Upcoming Data Center Portfolio" report has been added to ResearchAndMarkets.com's offering.
  • As one of the major technological hubs in the Middle East, Israel is rapidly emerging as a dynamic data center market.
  • Dominant Players: The top 3 data center operators in Israel collectively contribute more than 40% of the installed IT load capacity, underlining their significant presence and influence in the data center industry.
  • For upcoming data centers, the database includes investment details, white-floor area, IT load capacity, investment amount, electrical and mechanical infrastructure investments, general construction services investment, announcement year, project status (opened/under construction/announced & planned), and active or expected year of opening.

Brookfield Infrastructure and Ontario Teachers’ to Acquire Compass Datacenters from RedBird Capital Partners and Azrieli Group

Retrieved on: 
Tuesday, June 20, 2023

DALLAS, June 20, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. and its institutional partners (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) and existing investor Ontario Teachers’ Pension Plan (“Ontario Teachers’”) today announced that they have entered into a definitive agreement with RedBird Capital Partners (“RedBird”) and the Azrieli Group (“Azrieli”) (TASE: AZRG) through which Brookfield Infrastructure and Ontario Teachers’ will acquire Compass Datacenters, LLC (“Compass”).

Key Points: 
  • DALLAS, June 20, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. and its institutional partners (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) and existing investor Ontario Teachers’ Pension Plan (“Ontario Teachers’”) today announced that they have entered into a definitive agreement with RedBird Capital Partners (“RedBird”) and the Azrieli Group (“Azrieli”) (TASE: AZRG) through which Brookfield Infrastructure and Ontario Teachers’ will acquire Compass Datacenters, LLC (“Compass”).
  • “We are pleased to welcome our longstanding partner Brookfield Infrastructure as a co-controlling shareholder in Compass.
  • I’m excited to embark on the next chapter of Compass’ evolution in partnership with Brookfield Infrastructure and Ontario Teachers’, two leading investment firms,” said Chris Crosby, Founder and Chief Executive Officer of Compass Datacenters.
  • Brookfield Infrastructure engaged BMO Capital Markets and Scotiabank as joint financial advisors and Kirkland & Ellis LLP as legal counsel.

Azrieli Group Releases Q1/2023 Results

Retrieved on: 
Wednesday, May 24, 2023

TEL AVIV, Israel, May 24, 2023 (GLOBE NEWSWIRE) -- Eyal Henkin, CEO of Azrieli Group, said:

Key Points: 
  • TEL AVIV, Israel, May 24, 2023 (GLOBE NEWSWIRE) -- Eyal Henkin, CEO of Azrieli Group, said:
    “We are closing another quarter with continued growth in all parameters.
  • In April 2023, the Group announced that it had won a tender of Dira Lehaskir and the ILA in the Glil Yam neighborhood of Herzliya.
  • In April 2023, the Group announced that it had entered into an agreement for the acquisition of the Red Rock Hotel in Eilat.
  • Balance Sheet as of March 31, 2023
    The Group has cash, deposits, and short-term investments totaling approx.

Sentra Appoints Ambassador Dan Gillerman to Advisory Board

Retrieved on: 
Tuesday, December 6, 2022

TEL AVIV, Israel and NEW YORK, Dec. 6, 2022 /PRNewswire/ -- Sentra, a data security company, today announced that Dan Gillerman, Israel's former ambassador to the United Nations, has joined its advisory board. Gillerman, who is currently chairman of Blackstone Israel, will bring extensive expertise to the company as it scales to meet enterprises' growing needs for innovative data security technologies.

Key Points: 
  • TEL AVIV, Israel and NEW YORK, Dec. 6, 2022 /PRNewswire/ -- Sentra , a data security company, today announced that Dan Gillerman, Israel's former ambassador to the United Nations, has joined its advisory board.
  • "We are honored to have Dan join our advisory board," said Asaf Kochan, co-founder and president of Sentra.
  • Since 2013, Gillerman has been a senior adviser to Blackstone in Israel and a member of the board of Azrieli Group.
  • Sentra's advisory board also includes Jason Chan, former vice president of information security at Netflix, and Dean Sysman, CEO and co-founder of Axonius.

Azrieli Group Releases Q3/2022 Results

Retrieved on: 
Wednesday, November 23, 2022

The total FFO in Q3 totaled some NIS 330 million compared with around NIS 357 million in the same quarter last year.

Key Points: 
  • The total FFO in Q3 totaled some NIS 330 million compared with around NIS 357 million in the same quarter last year.
  • Eyal Henkin, CEO of Azrieli Group: "We are happy to close another good quarter in the Groups operations.
  • Bond offering In July, Azrieli Group completed a bond offering by way of expansion of three series (D, F, H).
  • Balance Sheet as of September 30, 2022
    The Group has cash, deposits and short-term investments amounting to approx.

Glamping Goes Institutional: Summit Hotel Properties and Onera Escapes Announce Partnership with First Ever Public REIT Dedicated Glamping Investment

Retrieved on: 
Thursday, November 24, 2022

The transaction represents Summits first investment with Onera Escapes, a developer and operator of hotels, glamping/landscape hotels and short-term rental hospitality properties, to develop and acquire high-end glamping/landscape hotel assets in strategic locations nationally.

Key Points: 
  • The transaction represents Summits first investment with Onera Escapes, a developer and operator of hotels, glamping/landscape hotels and short-term rental hospitality properties, to develop and acquire high-end glamping/landscape hotel assets in strategic locations nationally.
  • Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry.
  • The Onera team is comprised of experienced professionals with backgrounds in hospitality real estate, consulting, technology, investment banking, and law.
  • For more information about Onera, please visit: stayonera.com
    For more information about Azri Group, Oneras management and development arm, please visit: stayazri.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20221107005880/en/

COMPASS DATACENTERS' "BREAKING GLASS" PODCAST'S NEW EPISODE FOCUSES ON DIVERSITY & INCLUSION IN THE CONSTRUCTION INDUSTRY

Retrieved on: 
Tuesday, November 22, 2022

DALLAS, Nov. 22, 2022 /PRNewswire/ -- Compass Datacenters has launched a new episode of its popular podcast "Breaking Glass" with a special focus on creating an inclusive culture in the construction industry through boosting DEI efforts. The episode, which is available today, features host Nancy Novak leading a one-on-one discussion with Autodesk's Allison Scott, Industry Advocate and Customer Experience.

Key Points: 
  • The episode, which is available today , features host Nancy Novak leading a one-on-onediscussion with Autodesk's Allison Scott, Industry Advocate and Customer Experience.
  • "Allison is the perfect person to discuss this topic with because she has been a tireless advocate for DEI in the industry through her time at Autodesk.
  • Join us for a lively and important discussion about how DEI initiatives are critical to building the future workforce construction and other STEM industries."
  • "Breaking Glass" is a video podcast series focused on women and their unique challenges in the tech industry.

COMPASS DATACENTERS' PRESIDENT AND CFO JARED DAY NAMED CFO OF THE YEAR HONOREE BY DALLAS BUSINESS JOURNAL

Retrieved on: 
Friday, November 11, 2022

DALLAS, Nov. 11, 2022 /PRNewswire/ -- Compass Datacenters' President and Chief Financial Officer Jared Day has been selected as one of Dallas Business Journal's 2022 CFO of the Year honorees. The award honors financial executives in North Texas for outstanding performances in their financial steward role. These leaders have contributed to their company's growth in countless ways. The CFO of the Year Award winners were honored by the Dallas Business Journal at a November 10th ceremony.

Key Points: 
  • DALLAS, Nov. 11, 2022 /PRNewswire/ -- Compass Datacenters' President and Chief FinancialOfficer Jared Day has been selected as one of Dallas Business Journal's 2022 CFO of the Year honorees.
  • The CFO of the Year Award winners were honored by the Dallas Business Journal at a November 10th ceremony.
  • "I am humbled and privileged to be recognized alongside such an accomplished group of honorees," said Day.
  • "This acknowledgement from the Dallas Business Journal reflects the success Compass has had building data centers for some of the largest companies in the world, which provide the foundation for the digital economy."