Azrieli Group made a NIS 1.2 billion net profit, despite unfavorable property revaluations.
Building starts were strong where Buyer Fixed Price Plan campaigns were held and weak in most other places.
The Israeli pharmaceutical company is closing its tablets factory and inhalers factories on the properties this year.
In addition to the Ramat Gan store, outlets will soon be opened in Jerusalem and Netanya with 40 branches planned within four years.
Azrieli will be the first shopping mall company to compete with its tenants by becoming a franchise holder for international retails chains.
There were only 47 houses sold in Herzliya Pituah last year, the lowest number of deals since 2010 but inland more modest Herzliya homes are selling well.
The ambitious Innovation Valley program for Haifa Bay was presented today by the Israel Land Administration.