Africa Israel Residences Ltd.

Africa Israel Residences Ltd. (Hebrew: אפריקה ישראל מגורים בע"מ), also known by the short name "Africa Megurim," is an Israeli public company whose shares trade on the Tel Aviv Stock Exchange. It focuses on initiating and developing residential construction projects and on building, managing and maintaining rental housing projects. The company was founded in 1960 as a subsidiary of Africa Israel Investments Ltd. and was formerly known as Danya Company for Development. The company's roots are tied to the Africa Israel group's early residential work in Israel, including the development of the Savyon locality, which was established in the 1950s on private land by Zionist Jews from South Africa. Africa Israel also built the Afridar neighborhood in Ashkelon and fostered the twin-city relationship between Ashkelon and Johannesburg. This historical connection to Savyon is reflected in the commercial name "Savyonim" used for some of the company's projects. Over the years, Africa Israel Residences has built dozens of residential neighborhoods across Israel, including in Ramat Gan, Jerusalem, Yehud, Rishon LeZion, Kiryat Yam, Ness Ziona, Talmei Menashe, Tel Aviv, Petah Tikva, Rehovot, Savyon, Netanya and Kfar Saba. In early 1997 the company was acquired by businessman Lev Leviev. In June 2006, Africa Israel Residences was issued and listed for trading on the Tel Aviv Stock Exchange. More than 50% of the company's shares are held by Africa Israel Investments Ltd., part of the Lapidot Group controlled by businessman Jacob Luxenburg. Until February 2021, the controlling shareholder was Danya Cebus, which after being listed distributed its shares as a dividend in kind to Africa Israel. Today the company markets new residential projects in cities such as Jerusalem, Rishon LeZion, Netanya, Tel Aviv and Harish, offering new apartments for sale and rental apartments in selected cities in Israel. Ronit Ashed-Levi was appointed CEO of Africa Israel Residences in March 2025.

Africa Israel Residences Ltd. was founded in 1960 as a subsidiary of Africa Israel Investments Ltd., under the name Danya Company for Development. The Africa Israel group's early residential legacy in Israel includes the Savyon locality, established in the 1950s on private land by Zionist Jews from South Africa who sought a settlement built to a higher standard than was common at the time. In those years Africa Israel also established the Afridar neighborhood in Ashkelon and fostered the twin-city relationship between Ashkelon and Johannesburg. This historical connection to Savyon gave rise to the commercial name "Savyonim" used for some of the company's projects. Over its decades of activity, the company built dozens of residential neighborhoods across Israel, including in Ramat Gan, Jerusalem, Yehud, Rishon LeZion, Kiryat Yam, Ness Ziona, Talmei Menashe, Tel Aviv, Petah Tikva, Rehovot, Savyon, Netanya and Kfar Saba. In early 1997 the company was acquired by businessman Lev Leviev. In June 2006, Africa Israel Residences was issued and listed for trading on the Tel Aviv Stock Exchange. Until February 2021, the controlling shareholder was Danya Cebus, which after being listed distributed its shares as a dividend in kind to Africa Israel. More than 50% of the company's shares are held by Africa Israel Investments Ltd., part of the Lapidot Group controlled by businessman Jacob Luxenburg. In March 2025, Ronit Ashed-Levi was appointed CEO of Africa Israel Residences. The company continues to initiate residential construction projects and to build, manage and maintain rental housing projects, marketing new apartments in cities such as Jerusalem, Rishon LeZion, Netanya, Tel Aviv and Harish.

• 2025

  Ronit Ashed-Levi appointed CEO in March.

• 2021

  Until February, controlling shareholder Danya Cebus distributed its shares as a dividend in kind to Africa Israel after being listed.

• 2006

  Issued and listed for trading on the Tel Aviv Stock Exchange in June.

• 1997

  Acquired by businessman Lev Leviev.

• 1960

  Company founded as a subsidiary of Africa Israel Investments Ltd. under the name Danya Company for Development.

Israeli public residential developer and rental housing operator, part of the Africa Israel Investments group.

• Residential construction projects

  Initiation and development of residential building projects across Israel.

• Rental housing projects

  Construction, management and maintenance of rental housing projects.

1. 1פרויקטים חדשים ודירות למכירה – אפריקה ישראל מגוריםres.afi-g.com
2. 2אודות אפריקה ישראל מגוריםres.afi-g.com
3. 3כתבו עלינוres.afi-g.com
4. 4הנהלת אפריקה ישראל מגוריםres.afi-g.com
5. 5Africa Israel Residences Ltd. – Wikidatawikidata.org
6. 6אפריקה ישראל מגורים – Wikipediahe.wikipedia.org