Last 971.60
Change Today -12.00 / -1.22%
Volume 29.5K
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As of 11:24 AM 10/30/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

BSR tower 3

5 Kineret Street

Bnei Brak, 5112301

Israel

Phone: 972 3 608 6000

Fax: 972 3 608 6050

Elbit Imaging Ltd., together with its subsidiaries, engages in commercial and entertainment centers, hotels, medical industries, residential projects, and fashion apparel businesses. Segments The company operates primarily in the following principal fields of business: Commercial and Entertainment Centers, Hotels, Medical Industries, Residential Projects, and Fashion Apparel. Commercial and Entertainment Centers This business includes initiation, construction, and sale of commercial and entertainment centers and other mixed-use real property projects, predominantly in the retail sector, located in Central and Eastern Europe and in India, primarily through its subsidiary, Plaza Centers N.V (PC). This business includes mainly commercial and entertainment centers which are under construction and/or development in capital and important regional cities in various countries in Central and Eastern Europe (CEE) and India. In addition to the commercial and entertainment centers business, its real estate portfolio includes certain mixed-use real estate projects which include predominantly commercial and entertainment centers combined with other elements of operations, including offices, residential units, conference centers and leisure facilities. In this segment, the company also includes other real estate projects, such as office buildings. The Commercial and Entertainment business operations includes a total of 7 operating projects and 26 projects in various stages of planning, development and construction, including 14 commercial and entertainment centers, 14 mixed-use projects and 1 office building. The company’s projects are located in Bulgaria, the Czech Republic, Greece, Hungary, India, Latvia, Poland, Romania and Serbia. Strategy: The company’s business concept and strategy for its commercial and entertainment centers include the following elements: develop modern western-style commercial and entertainment centers and mixed-use developments in the capital and regional cities of selected countries, primarily in CEE and India, for the medium and long term; acquire operating shopping centers that show significant redevelopment potential (either as individual assets or as portfolios) for refurbishment and subsequent re-sale; pre-sell the centers prior to, or after, commencement of construction or redevelopment; and assess and consider specific development opportunities that satisfy its development parameters and investment criteria in countries not previously targeted by the company. Hotels This business includes hotel operations and management. It focuses on developing or acquiring, holding and operating, generally via management companies, deluxe hotel properties, that are located near major transportation stations which provide the business and vacation traveler with upscale accommodation. The company develops hotels within its mixed-use projects (both commercial and residential) and furthermore, and holds interests in certain plots and properties intended to be developed or refurbished into hotels. Rezidor Hotel Group (Rezidor) manages two of its hotels in Belgium and Radisson Blu hotel complex in Romania. Customer base: The hotels’ principal target customer base is the business traveler and the tourist industry, both individuals and in groups. Strategy: The company’s strategy for its hotel business is to increase the number of hotel rooms with emphasis on prime location, and incorporating the hotel business into mixed-use projects. The duration of holding and managing of its hotel portfolio varies and is dependent upon business cycles, economic conditions, property yields, and trends affecting the hotel industry or capital market opportunities. Medical Industries This business includes research and development, and production and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment; and development of stem cell population expansion technologies and stem cell therapy products for transplantation and regenerative medicine. In 2012, the company lost control over its associate, InSightec Ltd. (InSightec), a company that operates in the image guided treatm

 

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