AFI Properties Ltd (AFPR.TA) develops, owns, operates and manages income-generating real estate properties in Israel and Central and Eastern Europe; core assets include business parks, office complexes, shopping malls, retail properties, multi-family residential projects, mixed-use developments and AFI Home rental apartments; offerings encompass property acquisition, initiation, construction, rental and operation of industrial, commercial, office and residential buildings across seven countries including Czechia, Serbia, Poland and Romania. The company, founded in 1971 and headquartered at 4 Derech Hahoresh Street in Yehud, Israel, operates as a subsidiary of Big Shopping Centers Ltd, which holds approximately 89.3% of shares; it maintains strong credit ratings of ilA+ Stable from S&P Maalot and A1.il Stable from Moody's Midroog, with a portfolio valued at ₪17.2 billion, 1.38 million sqm gross leasable area across 50 assets and 162,000 sqm under construction as of June 30, 2025. In recent developments, AFI Properties raised over ₪500 million through a Series 16 bond issuance in November 2024, including ₪450 million in bonds and ₪3.4 million in options potentially adding ₪580 million if exercised; completed major projects such as Tel Aviv's Landmark, Belgrade, Prague and Warsaw developments; entered strategic partnerships including transactions with FINEP in June 2024 for over 800 rental apartments in Prague projects Nová Elektra and V Korytech; shifted AFI Europe Poland strategy toward acquiring ready-made income-generating properties alongside development; and reported portfolio growth from higher occupancy and new completions in its 2024 annual results published March 2025.