2010 2011 2012 2013 2014 2015 *2016
Figures represent BIG USA'S share and presented at $MM
BIG's strategy in the United States is concentrated on purchasing existing high quality shopping centers.
BIG USA is primarily focused on purchasing lifestyle centers, community centers and power centers.
BIG's preferred business strategy is to form partnerships with well-respected operators and managers
of shopping centers, who will own an interest in the properties, along with managing their day to day
operations. BIG will contribute its expertise in the strategic management of the acquired properties.
BIG currently owns 80% of BIG USA, after issuing 20% of BIG USA's shares to Migdal Insurance Company
on February 2012. Migdal is the leading insurance and finance company in Israel, and its decision to join
forces with BIG, shows its confidence in BIG's operations in the U.S.
BIG USA Management Team
Yehuda Naftali (Chairman), and Stanley McElroy (President), both with vast experience in retail real estate,
are heading BIG’s USA operations through its subsidiary BIG Shopping Centers USA, having its offices and
staff in Los Angeles, CA.
BIG US Portfolio
BIG USA owns interests in 28 shopping centers across the United States, totaling 7.0 million sqf with an
aggregate value of $1,092 million (BIG USA's share of ownership).
8 centers are wholly owned by BIG and the remaining with partners.
BIG Future Acquisitions
BIG USA seeks to enlarge its portfolio in the United States, taking advantage of its established platforms
and joint ventures for future acquisitions. BIG uses its own funds as well as funds from institutional Israeli
* Projection based on existing properties
GROWTH IN THE U.S.