DUN'S 100 - 2016

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Construction & Real Estate
184
2016 | DUN’S 100 DUN’S 100 | 2016
DUN’S 100 | 2016 2016 | DUN’S 100
3 Yielding Real Estate
RANK
Melisron
Melisron is a leading public. The com-
pany engaged in developing, man-
aging, improving and maintaining
income-producing real estate assets.
Over the years, the company has focused on
commercial real estate, mainly shopping malls,
and commercial centers, and high-tech and of-
fice parks in Israel’s high demand areas. The
company is dynamic and active in terms of as-
sets and mix of tenants according to consumer
demand and market changes that develop.
Melisron continually strives to improve the
assets it owns, to smartly take advantage of
building rights, promote real estate expansion,
streamline management and asset manage-
ment and improve its tenant mix. The company
is also involved in marketing and branding its
assets and assisting in promotion.
Melisron – Business Card
The company owns assets covering about
687,000 square meters (of which about
666,000 square meters is the corporation’s
part) with an investment value of about NIS
15.4 billion.
The company is traded on the Tel Aviv 25, Real
Estate 15 and Tel Aviv Dividend. The company’s
bonds are rated by Maalot as AA+ with a steady
outlook.
“Ofer Investments” owns 61% of Melisron,
Migdal owns about 10% and the public owns
the balance.
The company’s chairperson is Liora Ofer and
the CEO is Avi Levy. The company’s headquar-
ters is in Herzliya Pituach and there is local
management in each asset.
Company Assets
Melisron has 21 shopping malls and commer-
cial centers as well as 4 office complexes, the
main ones are:
Ofer Hakiryon – A commercial center in north
of Israel (with 60,000 square meters leased as
commercial space and about 28,000 square
meters leased to businesses and offices.
The company holds 100% of the asset, and the
occupation rate is 98%.
The value of the asset as of 31.3.16 stood at
NIS 2.2 billion.
Ofer Ramat Aviv Mall – a luxurious and spa-
cious commercial center located in Tel Aviv,
with exclusive features such as reserved park-
ing, baby feeding rooms and unique services
for children.
The center has about 21,000 square meters
for commercial use, 9,000 square meters for
offices and a 20,000 square meters income-
producing car park.
The company holds 73.4% of the asset and the
occupancy rate is 100%.
The value of the asset as of 31.3.16 stood at
NIS 2.2 billion.
Ofer Grand Cenyon Haifa – A large shopping
mall and center in Haifa with 56,000 square
meters for commercial and business use.
The company holds 100% and the occupancy
rate is 99%.
The value of the asset as of 31.3.16 stood at
NIS 1.4 billion.
Ofer Grand Cenyon, Petach Tikva – A shop-
ping mall in Petach Tikva city center with about
36,000 square meters of commercial space.
The company holds 100% and the occupancy
rate is 100%.
The value of the asset as of 31.3.16 stood at
NIS 1.4 billion.
Ofer Rehovot Mall – A large commercial cen-
ter in Rehovot city center with overall space
of 40,000 square meters. The company holds
100% and the occupancy rate is 100%. An ex-
tra commercial floor was recently added to the
mall. The value of the asset as of 31.3.16 stood
at NIS 1.25 billion.
Ofer Grand Cenyon, Beer Sheva – In 2013, the
company opened the Kanion Hagadol in Beer
Sheva with space of about 50,000 square me-
ters to be leased. The mall is located on the
western highway leading into the city. This is a
green shopping mall because of the importance
paid to recycling, collecting rainwater, solar en-
ergy elements, and gardens. In May 2016 the
company acquired its partner’s share and now
owns 100% of the mall and the overall cost of
construction was about NIS 950 million.
Office and High-Tech Complexes
Ofer Park, Petach Tikva – An office park in a
central location with convenient access. Among
the main tenants are Alcatel, Intel, IBM and
more.
The park covers about 89,000 square meters.
The company owns 50% of the asset and the
occupancy rate is 100%.
The value of the asset as of 31.3.16 stood at
NIS 1.25 billion.
Significant Developments
In 2011, Melisron acquired “British-Israel”
thus completing a most significant step in its
income-producing property activities, and be-
coming Israel’s largest manager of commercial
and business centers.
Since the acquisition, the company has im-
plemented several major measures including
financing acquisition of control of British-Israel,
issuing bonds, removing British from the stock
exchange, completing a financing agreement to
support the project and financing agreements
for income-producing assets. The company has
also completed a development of a new mall
at Beer Sheva, acquired the partner’s share of
Haifa Grand Mall, acquired the partner’s share
of Grand Cenyon Beer Sheva, expanded the
commercial space in the Rehovot shopping
mall and Kanion Hagadol in Petach Tikva. In
December 2014 the company first entered the
Tel Aviv 25 Index.
Esta b l i s h e d
1987
L i n e o f B u s i n ess
Maintenance and Operation of Shopping
Malls, Commercial Centers and Office
Space throughout the Country
Beit Mercazim 2001, 1 Abba Even St.,
Herzliya Pituach
Tel: 972-9-9525555
Fax: 972-9-9540893
Avi Levy
CEO
Liora Ofer
Chairperson