David Azrieli

Real estate and other businesses

In Montreal, he established his building business, beginning with the construction of small duplexes and working his way up to apartment buildings and, later on, shopping malls. Azrieli's building projects can be seen in the office buildings, high-rise residences, office towers, and shopping centres that he built in Canada, the United States, and Israel. His two companies are Montreal-based Canpro Investments Ltd. and Tel Aviv–based Azrieli Group Ltd.

In 2010, he took the Azrieli Group public in the largest ever IPO on the Tel Aviv Stock Exchange. It is now the largest real estate company in the country. Its projects include a number of Israeli commercial centres, including the first enclosed mall in Israel (the Canion Ayalon in Ramat Gan) as well as the Malha Mall in Jerusalem and the Beersheba Shopping Mall (Canion ha-Negev). He also built the eponymous Azrieli Centre in Tel Aviv, the largest real estate project in Israel, which includes three skyscrapers in the heart of Tel Aviv and has become an architectural landmark at the core of Israel's business industry.

The Azrieli Foundation was established by David Azrieli in 1989 to support initiatives and develop and operate programs that promote access to education and the achievement of excellence in various fields of knowledge and activity.

Azrieli's early philanthropy established the Azrieli Graduate School of Jewish Education and Administration at Yeshiva University in New York City and supported schools and educational institutions in Canada and Israel. His aim to support education in multiple and diverse ways guides the Azrieli Foundation to this day. The Foundation has disbursed over CA$450 million since 1989. Notable donations in that time include: the Azrieli Schools of Architecture at Tel Aviv University and Carleton University; the Azrieli Faculty of Medicine at Bar-Ilan University, the creation of the Azrieli Institute for Educational Empowerment, Azrieli Institute for Systems Biology at Weizmann Institute of Science, Azrieli Institute of Israel Studies at Concordia University, and the School of Continuing Studies at Technion – Israel Institute of Technology.

The Israeli newspaper Haaretz reported that "What you won’t find on either the [Azrieli] foundation’s or company’s websites is that in 2010 the Azrieli Group apparently donated NIS 30,000 (CAD $10,000) to Im Tirtzu", even though the Azrieli group "claims it has no political agenda." The donation was made specifically "to a project to stop the academic boycott of Israel" by Palestinian-led initiatives.

In 2020, the Azrieli Foundation created an emergency fund to be allocated to meet urgent needs caused by the COVID-19 pandemic. As of 1 October 2020, the Foundation pledged CA$8.6 million for pandemic-related initiatives, including food relief, hospitals and long-term care institutions, and support for the vulnerable, including Holocaust survivors, people with disabilities, people experiencing homelessness, and students.