Until the end of 1998, Elbit was primarily engaged in the manufacturing of medical diagnostic and imaging systems.
Following acquisitions throughout the 1990’s, Elbit re-positioned itself and focused its operations on the
development and management of commercial & entertainment centers, hotels, venture capital investments and
medical imaging products.
development and management of commercial & entertainment centers, hotels, venture capital investments and
medical imaging products.
Over the past 10 years, Elbit Group has consolidated its position as one of the leading owners, operators and
developers of retail space in emerging and global markets and continues to expand its portfolio.
developers of retail space in emerging and global markets and continues to expand its portfolio.
Elbit Group Timeline:
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1993 (*)
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Acquisition of Park Plaza Victoria Amsterdam.
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1996 (*)
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Construction of the first shopping and entertainment center, the Duna Plaza in Budapest, Hungary - heralding our move into this market.
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1999
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Acquisition of Elbit Imaging and reorganization of business holdings.Initial investment in InSightec.
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1996-2004
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Development and management of a portfolio of 20 shopping and entertainment centers.
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2000
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Acquisition & commencement of Bucharest hotel - our first hotel in Eastern Europe.
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2004
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Sale of 12 shopping and entertainment centers to Klepierre. Between 2004 and 2008 a total of 26 shopping centers were sold representing a total value of 1.1 Billion Euros.
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2006
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Initial public offering of Plaza Centers’ shares on the main board of the LSE. Expansion of Real Estate portfolio into the Indian market.
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2007
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Sale of Arena Plaza shopping and entertaiment center in Budapest for appoximately 400 million EURO.
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2008
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Opening of the Radisson SAS Bucharest Hotel in Romania.
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2009
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Company decision to establish a U.S Top Mall Fund.
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2010
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Announced investment in the US real estate market. Elbit Group becomes the largest investor in the $1.5 billion Macquarie DDR Trust.
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2010
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Sale of our 3 Hotels in London, UK in a total assets value (100%) of approximately £ 230 million.
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(*) By Europe-Israel (M.M.S.) Ltd. (formerly an Israeli company listed on the Tel-Aviv Stock Exchange) controlled by ELBIT president Mr. Mordechay (Motti) Zisser.