BIG is engaged in the construction, development, acquisition, and holding of lifestyle shopping centers, malls under the “Big Fashion” brand, open-air malls, and mixed-use assets, including offices, residences, hotels, senior housing, medical facilities, and more. The Company intends to continue focusing its operations on Israel and the states of former Yugoslavia, the Balkan states, Poland and Romania. In the logistics sector, the Company currently operates in France and Serbia. The Company intends to continue and expand its activity in that business – segment to other countries in the former – Yugoslavia and Balkan regions, by acquiring and developing land and/or acquiring existing properties and their renovation and/or preservation.
In the renewable energy sector, BIG is heading towards significant growth in Israel, former Yugoslavia countries, the Balkan states, Poland, and Romania. In order to promote this sector, the Company has established an ‘energy branch’, made of a professional team which aims to identify and examine yield-bearing projects and the possible appropriation of rights in projects in various stages of development – in the areas of, inter alia, wind energy, geothermal energy, solar energy and energy storage.
In addition, the Company operates roof-top photo-voltaic systems over the roofs of the shopping centers under its management. On November 19th, 2020, the Company Board of Directors made a strategic decision to dispose of all of the Company’s operations in the US. It is the Company’s intention to direct the financial resources emerging from the disposal of the Company’s US-based activity to, inter alia, the expansion of its operation in the markets in which it currently operates in other geographic regions.