Danna Azrieli on data center deal
From Azrieli Group Ltd. Q4 2025 Earnings Call · · Investing 101
“At the end of December 2025, we announced a significant transaction in which we signed an agreement with a leading global technology company to provide 80 megawatts of data center services. The expected average annual NOI from this transaction is about 117 million euro. The services will be provided at a new campus to be built in the city of Unheim, Norway and the capacity will be provided in stages over around two and a half years.”
On , Danna Azrieli, Chairwoman of the Board at Azrieli Group, spoke about data center deal during Azrieli Group Ltd. Q4 2025 Earnings Call on Investing 101.
About Danna Azrieli
On Azrieli Group Ltd.'s Q4 2025 earnings call on March 19, 2026, chairwoman Danna Azrieli reported record high net operating income (NOI) and 98% average occupancy across income-producing properties in Israel, as well as a 27% increase in net profit compared to 2024. She noted that the data center segment accounted for 18% of total NOI, with annual NOI nearly doubling to 449 million shekels, and said contracted NOI in the segment represents a potential of over 1 billion shekels. Azrieli stated that the group invested over 3 billion shekels in 2025 in Israel and the European data center sector, including approximately half a billion shekels in the last quarter. Azrieli also addressed a business decision to write off approximately 70 million shekels in outstanding management fee debt from previous years and to contribute to some management company expenses, which she attributed to "security, economic, and societal challenges that the country and market have faced in recent years." During the Q&A session, she declined to provide details on a reported 1 billion shekel syndicated loan for the OnTime project, stating that the group does not discuss such financing on conference calls.