Gazit Globe Israel, a part of the Gazit Globe Group is considered one of the largest and most important real estate companies in Israel in the area of urban and regional shopping centers.

The company is engaged in the acquisition, development and promotion of existing shopping centers and the acquisition of land reserves in Israel for the development of shopping centers in the future.

The mother company - Gazit Globe - operates in nine countries    spread over three continents. The companies making up the group are traded on four different stock exchanges around the world:

New York (NYSE), Toronto (TSX), Helsinki (HSE) and Israel (TASE).

Gazit Globe Israel specializes in a number of key areas:

• Acquisition and operation of existing income generating assets.
• Improving existing assets by improving the property and the make-up of the tenants.
• Acquiring land for developing commercial centers in developing areas.
• Building shopping centers in densely populated urban areas.

In keeping with the policy of the mother company Gazit Globe Israel focuses on acquiring and operating properties located in developed urban areas, where the population is on an average to high socio-economic level, or properties located on major traffic arteries at the entrance to the main cities. The centers thus benefit from easy access.

Gazit Globe Israel works on the assumption that before acquiring a property the exact requirements of the target community should be identified and only then can a location be found that is most suitable for a shopping center answering those needs. 

In cases where there is an existing shopping center in a suitable location and with an adequate plot the company examines its commercial viability  and, if necessary, begins a process of re-development  including renovations of the asset and changes in its make-up. In cases where according to the research data and the current situation the company recognizes the need for a shopping center and there is no such center found in the region, the company will initiate planning and building procedures for a new center, according to detailed plans drawn up by the best professionals in Israel.

In the next few years Gazit Globe Israel intends to have approximately 50 shopping centers in Israel and in Eastern Europe and to widen its operations to developing markets and other strategic territories.

Kor Az designed and supervised the installation of the air conditioning systems for the G Ba'Emek Center in Afula.

The air conditioning systems are independent and serve restaurants, electric appliance stores, a super market, commercial and public areas.