ABOUT OFER INVESTMENTS
Ofer Investments Group was established in 1957 by the late entrepreneur brothers Yuli and Sammy Ofer. The Group stands as a renowned privately held investment group in Israel.
Initially focusing on shipping, real estate, and investments under the name "Ofer Brothers", the group has emerged as one of Israel's prominent business collectives. Over the years, the group has held notable assets such as Israel Corp, Ofer Shipping, and the third-largest Israeli bank, Mizrahi-Tefahot.
In 2022, Mrs. Liora Ofer, Yuli Ofer's daughter, acquired her brother's shares in Ofer Investments, effectively becoming the company's sole proprietor, with a 100% ownership stake.
Presently, Ofer Investments operates across diverse domestic and international sectors, including residential and commercial real estate, hotels, and investments.
Under the chairmanship of Mrs. Ofer, the group has witnessed substantial growth in its real estate portfolio, primarily through its majority ownership (51%) of the publicly traded company Melisron.
With approximately 1 million sqm of real estate assets, the group's holdings are predominantly managed through Melisron, which ranks among the largest real estate companies in Israel.
In 1957, brothers Yuli and Sammy Ofer founded the Ofer Investments Group with a primary focus on shipping. However, the company quickly expanded its operations and emerged as a prominent investment firm in Israel. Over the years, they successfully diversified their portfolio, venturing into real estate, banking, and private equity, thereby establishing themselves as leaders in their respective industries.
The Ofer Brothers' Inception
During the dynamic era of the 1950s, Yuli and Sammy Ofer embarked on an entrepreneurial journey by establishing the Ofer Brothers' company. Their primary focus at the time was the maritime industry, recognizing its abundant opportunities and untapped potential.
The Birth of Melisron
Making a significant stride forward, Yuli Ofer founded Melisron. The company's humble beginnings revolved around the acquisition of Hakiryon Mall, a strategic investment that would prove to be pivotal. With foresight and determination, Yuli progressively expanded the mall, ultimately transforming it into Israel's largest retail destination. In the subsequent decades, Melisron strategically developed and acquired numerous shopping malls and commercial assets, firmly establishing its presence in the market.
During the 1990s, the Ofer Investments Group emerged as one of Israel's leading investment companies. Expanding beyond their initial focus on the maritime industry, they diversified into multiple sectors, including real estate, hotels, banking, energy, chemicals, private equity, and hi-tech. Significantly, the group acquired controlling shares in Mizrahi Tefahot Bank and Israel Corp, solidifying their influence in the financial landscape.
A New Chapter Unfolds
In a significant development, Liora Ofer took on the role of Chairperson for Melisron. With a revised strategy in hand, she provided guidance and leadership to the organization, overseeing transformative mergers and acquisitions that propelled Melisron to become the largest shopping mall company in Israel. Under her visionary leadership, the company achieved remarkable milestones, playing a pivotal role in shaping the future of retail and commerce.
Pioneering the Future
As the Ofer Investments Group looks towards the next century, they are steadfast in their commitment to diversify their real estate portfolio. Through their Investments arm, they proactively pursue opportunities in emerging fields and territories that will act as catalysts for future growth. This forward-thinking approach ensures that the group remains at the forefront of innovation and prosperity, continuously driving their success and relevance in the industry.
Leadership. Growth. Innovation. Experience.
Melisron, controlled by Ofer Investments and led by Liora Ofer (Chairperson) and Ofir Sarid (CEO), is a leading publicly traded real estate company in Israel and is the largest mall owner and operator in the country.
Melisron was founded in 1987 and has since gained a rich experience and a strong reputation as a professional and innovative developer, owner, and manager of malls, shopping centers, office complexes, and hi-tech parks.
The Company owns and manages 18 qualitative and vibrant malls and shopping centers under the brand “Ofer Malls”, spread across Israel in attractive prime locations.
In the office sector, Melisron owns and manages five hi-tech parks and leading office buildings in Israel.
Furthermore, the Company operates in the residential sector through Aviv Development (in partnership with Aviv Group), a company specializing in residential development and urban renewal in Israel. Aviv Development focuses on the development and construction of residential projects with thousands of units for sale.
RESSIDENCE, OFFICES AND LEISURE
AT A GLANCE
150,000 SQM OFFICES
320,000 SQM FUTURE OF MIXED-USED DEVELOPMENT
RESSIDENCE, OFFICES AND LEISURE
RAMAT AVIV MALL
Israels most luxurious shopping and entertainment complex with 99% occupancy.
individual store performance broken records compared to other global destination.
purchased in 2009 and repositioned into the top mall in Israel.
The group has a diverse range of projects in different planning stages within its pipeline, set for implementation in the coming years. These projects primarily focus on commercial and residential real estate, reflecting the group's strategic vision and commitment to growth in these sectors.