The company is engaged mainly in the development and management of shopping malls and office buildings in Israel.

[1] Azrieli Group started its activities in 1982, developing the Ayalon Mall in Ramat Gan, which opened in July 1985.

Between 1996 and 2007, the group developed the Azrieli Center in Tel Aviv, a complex that includes three office buildings above a shopping mall.

In 2014, it sold paint manufacturer Tambour to the Kusto Group, a corporation registered in Singapore and owned by Kazakhs.

[4] In July 2019, Azrieli acquired 20% of US-based Compass Holdco to compete in the data center real estate business.