Zim Urban

What Zim Urban does

Zim Urban (legal name: Rani Zim Shopping Centers Ltd., TASE: RANI) is a publicly listed Israeli commercial real estate developer and operator that designs, builds, and manages open-format shopping centers (Power Centers) primarily in Israel's geographic periphery and Arab-sector communities. The company operates two distinct sub-brand lines: Zim Urban centers in Nof HaGalil, Beit She'an, Netivot, Arad, Maalot-Tarshiha, Ganey Tikva, and the Dead Sea, oriented toward a mid-market retail mix of fashion, F&B, pharmacy, banking, and entertainment; and SEVEN centers in Yarka (outlet), Umm al-Fahm, Tira, Tayibe, Rahat, and Tamra, positioned as value-oriented outlets serving Arab-sector communities. The operating portfolio spans approximately 50,000 sqm of retail area at roughly 95% average occupancy, with multiple additional sites under development including the Malatna Kfar Saba mixed-use project (~20,000 sqm retail plus ~34,000 sqm office) and SEVEN Umm al-Fahm Phase 2. Customer-facing operations include a loyalty club (מועדון לקוחות) and active community-event programming in each center.

The company's revenue model is anchored in long-term commercial rental income from national and international retail tenants (Fox, Super-Pharm, McDonald's, Steimatzky, Bank Hapoalim, Office Depot, and others), supplemented by property management fees and opportunistic land acquisition, development, and sale transactions. Zim Urban's go-to-market combines direct B2B sales to retail chains seeking periphery and Arab-sector presence with community-led engagement — monthly events, festivals, and customer-club promotions that drive footfall to the centers. Technology infrastructure is standard for a real estate operator: Google Analytics, Google Ads, Meta Pixel for digital marketing, and Cloudflare for site delivery, with no proprietary AI or data platform. Headcount is 11–50 employees, and the company has no parent. The founder Rani Zim retains material ownership following his IPO of the "Kmo'at Chinam" retail chain (sold for 350 million ILS in 2012) and his ownership of Office Depot Israel; Hagig Group acquired a 25% stake in December 2024. Adjacent business activity includes residential housing development (target-price housing tender in Haifa with Almogim), a Lake Kinneret resort project with Tomer Avnon, and a 50 million ILS solar-energy investment via convertible loans to Bernmiller.

Name

Zim Urban

Legal name

רני צים מרכזי קניות בע"מ (Rani Zim Shopping Centers Ltd.)

Website

https://zimurban.co.il

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Zim Urban (Rani Zim Shopping Centers Ltd., TASE: RANI) is a publicly listed Israeli commercial real estate company that develops and operates open-format shopping centers and SEVEN outlet centers in Israel's geographic periphery and Arab-sector communities, leasing space to national and international retail tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate — Shopping Centers

NAICS

Home Centers (444110)

SIC

Retail-Department Stores (5311), Retail-Misc General Merchandise Stores (5399)

akta.pro primary industry

Mid-Tier Department Stores (Mall-Based Chains) (CRAGACAH)

Keywords

• Shopping center operations
• Commercial real estate
• Retail leasing
• Power center development
• Property management

Headquarters

HQ city

Petah Tiqwa

HQ country

Israel

HQ region

Middle East

Offices16 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Rental Income: Primary revenue stream from leasing retail space to national chains, franchise operators, and local retailers. Rental agreements are typically long-term commercial leases. The company reports approximately 95% average occupancy across its existing centers.
2. Property Management Services: The company provides property management, operational oversight, and marketing services for its shopping centers, generating management fee income.
3. Land Development and Sale: The company also engages in land acquisition, development, and sale of real estate assets, generating one-time transaction revenues (e.g., sale of land in Sderot for ~61 million ILS).

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Zim Urban acquires land, develops, constructs, and directly operates open-format shopping centers (Power Centers) across Israel under the Zim Urban and SEVEN brands, primarily in geographic periphery and Arab-sector communities. The company's core offering is long-term retail space leasing to national chains and local retailers, complemented by property management, marketing services, and a customer loyalty club that drives foot traffic to its centers.

Product overview

Zim Urban operates a diversified portfolio of commercial real estate assets across Israel, primarily focusing on open-format shopping centers (Power Centers) in peripheral and Arab sector communities. The portfolio consists of two main sub-brands: (1) צים אורבן branded compounds offering fashion, dining, home goods and entertainment in cities including Nof HaGalil, Beit Shean, Netivot, Arad, Maalot, Ganey Tikva, and Dead Sea; and (2) SEVEN outlet centers featuring branded goods at discounted prices in Yarka, Umm al-Fahm, Tira, Tayba, Rahat, and Tamra. The company also manages a customer loyalty club. Development projects include Malnata Kfar Saba (mixed-use with retail and offices) and SEVEN Umm al-Fahm Phase 2.

Differentiator

Problem solved

Functional benefit

Brands

• SEVEN: Sub-brand for shopping centers targeting Arab sector communities in Israel. Locations include Yarka Outlet, Um al-Fahm, Tirah, Tayba, Rahat, and Tamra.
• מלנתא (Malnata / Kfar Saba)

Products and services

• Zim Urban Nof HaGalil (מתחם צים אורבן נוף הגליל) Open shopping and commercial compound in Nof HaGalil featuring fashion, dining, home goods, pharmacy, and entertainment stores, with approximately 660 parking spaces and 24,665 sqm of total area. Leased to retail tenants.
• Zim Urban Beit She'an Valley (מתחם צים אורבן עמק בית שאן) Open commercial center in Beit She'an offering shopping, dining, and leisure services. Features approximately 45 retail stores including major brands, with 450 parking spaces and 12,000 sqm of total area.
• Zim Urban Netivot (מתחם צים אורבן נתיבות) Shopping, business, and leisure compound for Netivot and surrounding communities featuring fashion, footwear, home furnishings, banks, supermarket, and restaurants. Jointly owned by Rani Zim, Moshe Dimri, and Zvi Amer.
• Zim Urban Arad (מתחם צים אורבן ערד) Modernized shopping compound in Arad offering dining, cafes, fashion, footwear, home accessories, gifts, and supermarket. Features approximately 600 parking spaces.
• Zim Urban Maalot (מתחם צים אורבן מעלות תרשיחא) Covered and air-conditioned shopping, leisure, and business complex in Maalot-Tarshiha featuring fashion, footwear, home products, pharmacy, banks, gym, gifts, food, arcade, and supermarket.
• Zim Urban Ganey Tikva (מתחם צים אורבן גני תקווה) Shopping and leisure compound in Ganey Tikva combining daily convenience with a designed lifestyle experience. Features pharmacy, arcade, deli, branded stores with 270 parking spaces and 9,000 sqm.
• Zim Urban Dead Sea (קניון צים אורבן ים המלח) Shopping, leisure, and entertainment destination at the heart of the Dead Sea desert, serving visitors from across Israel and international tourists. Features 315 parking spaces and 12,500 sqm.
• SEVEN Yarka Outlet (מתחם Seven ירכא אאוטלט) Open commercial center featuring shopping, dining, and leisure serving as a regional attraction for residents and tourists from Israel and Jordan. Approximately 250 parking spaces and 8,000 sqm.
• SEVEN Umm al-Fahm (קניון Seven אום אל פחם) SEVEN mall combining shopping, leisure, and culinary experience with fashion, footwear, home furnishings, pharmacy, cafes, restaurants, fast food, arcade, and family attractions. Open 7 days a week with 350 parking spaces and 8,100 sqm.
• SEVEN Tira (מתחם Seven טירה) Shopping and leisure center serving Tira and surrounding area with retail, dining, and family entertainment. Features 90 parking spaces and 3,976 sqm.
• SEVEN Tayibe (מתחם Seven טייבה) Shopping and leisure center in Tayibe offering leading brands, fashion stores, dining, and entertainment in a modern design. Features 170 parking spaces and 7,260 sqm.
• SEVEN Rahat (מתחם Seven רהט) Commercial compound in Rahat harmoniously integrated into the Negev desert landscape with modern mashrabiya design. Features 247 parking spaces and 11,000 sqm.
• SEVEN Tamra (מתחם seven טמרה) Newly opened open designed shopping compound in Tamra combining shopping experience with leisure and dining. Features 183 parking spaces and 11,697 sqm.
• Malnata Kfar Saba (מלנתא כפר סבא) Mixed-use complex under development in Kfar Saba combining shopping, offices, approximately 20,000 sqm of retail/leisure space, and 34,000 sqm of office space.
• Zim Urban Customer Club (מועדון לקוחות צים אורבן) Free customer loyalty club offering exclusive deals, coupons, and promotions from third-party brands. Registration available via website, QR codes in compounds, and social media.

Quantifiable outcome

• ~95% average occupancy rate across existing commercial centers
• +1 more outcomes

Named customers30 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• אלמוגים (Almogim)minorStrategic or Co-development Partner · 1 September 2022Almogim and Zim-Migado won a tender for 'target-price housing' (דיור במחיר מטרה) projects in Haifa. The project is expected to generate 740 million ILS in revenue and includes 406 housing units.
• תומר אבנון (Tomer Avnon)minorStrategic or Co-development Partner · 1 September 2022Rani Zim and Tomer Avnon partnered to build a resort village on Lake Kinneret (Monfort Lake) for approximately 100 million ILS.
• ריט 1 (RIT 1)minorStrategic or Co-development Partner · 1 January 2019Partnership with RIT 1 for the Ganey Tikva shopping center. RIT 1 acquired 50% of the Ganey Tikva commercial center for approximately 110 million ILS. The center has ~9,000 sqm and is managed with ~270 parking spaces.
• קפלן (Kaplan)minorStrategic or Co-development Partner · 1 January 2018Partnership with Kaplan for the Tira shopping center development.
• קבוצת רקע (Rekev Group)coreStrategic or Co-development Partner · 1 September 2017In September 2017, Zim Urban entered into agreements to acquire shares in the Rekev Group, whose core activity through partnerships with third parties involves identifying, developing, and constructing commercial centers in the Arab sector. This partnership accelerated Zim Urban's expansion into Arab-sector markets.
• מידאס (Midas)coreStrategic or Co-development PartnerPartnership with Midas for development of commercial centers in the Arab sector, including centers in Tamra, Tira, and Rahat. The company acquired Midas's share in multiple projects and expanded its stake to 75% in Tamra and Tayibe projects.
• משה דמרי (Moshe Dimri) וצבי עמר (Zvi Amer)coreStrategic or Co-development PartnerMoshe Dimri and Zvi Amer are co-owners of the Netivot shopping center compound alongside Rani Zim, contributing to the development of shopping, business, and leisure facilities in Netivot and the surrounding area.
• Landowners (Umm al-Fahm)coreOthersLease agreements with landowners for the Umm al-Fahm and Yarka centers. The company holds 100% ownership stake in the Umm al-Fahm Phase 2 project with 8,500 sqm gross leasable area. Estimated construction cost of 65 million ILS.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• REIT 1: Israeli publicly listed REIT focused on income-producing commercial real estate. Directly comparable as both a competitor and a partner (acquired 50% of Zim Urban's Ganey Tikva center for 110M ILS).
• Ampa Properties: Israeli real estate company developing and operating retail and office properties. Comparable as an Israeli commercial real estate developer/operator with similar geographic focus.
• Regency Centers: US REIT owning and operating grocery-anchored open-air shopping centers. Highly comparable business model to Zim Urban's community-embedded retail centers in terms of tenant mix and merchandising strategy.
• Big Shopping Centers: Israeli publicly listed open-format shopping center operator (Big centers, including Big Fashion Ashdod initiated by Zim Urban's Deputy CEO Yoav Kaplan). Direct competitor in the Israeli power-center format with comparable target tenants.
• Brixmor Property Group: US open-air shopping center REIT focused on community and neighborhood centers. Closest international analog to Zim Urban's open-format Power Center model serving everyday shopping needs in local communities.
• Kimco Realty: US open-air shopping center REIT with national portfolio of community and neighborhood centers. Comparable in shopping-center asset class and tenant-mix orientation, though at much greater scale.

Broad incumbents

• Simon Property Group: Largest US REIT operating regional malls, premium outlets, and mixed-use properties. Comparable as a global scale shopping center operator with similar open-format and outlet business lines (relevant to Zim Urban's SEVEN Yarka outlet).
• Azrieli Group: Largest Israeli publicly listed real estate company operating shopping centers (Azrieli Malls) and office towers nationwide. Comparable as an Israeli retail-real-estate peer, though Azrieli focuses on premium central locations rather than periphery/Arab-sector communities.
• Melisron: Israeli publicly listed real estate company that owns and operates major shopping centers including Ramat Aviv Mall and Herzliya outlets. Closest direct comparable to Zim Urban in business model (mall operator), but materially larger scale and located in higher-tier markets.
• Macerich: US REIT owning and operating regional malls and lifestyle centers. Comparable as a public mall REIT, particularly relevant given Zim Urban's SEVEN outlet center expansion strategy.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zim-urban-usa

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zim Urban