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BIG EUROPE
BIG Europe (registered name: CEE-BIG BV) is a subsidiary of the Israeli parent company BIG Shopping Centers, Ltd. (publicly traded in the Tel Aviv stock exchange, TASE: BIG, with a net worth of around Euro 3 billion).
BIG Europe’s subsidiaries and sister companies (mainly CEE-BIG and AFI Properties) own and manage a portfolio of close to 50 active projects in Central-Eastern Europe (retail parks, malls and office parks) and 10 light industrial buildings in France. In addition, the CEE portfolio includes 20 retail and office projects under construction, and additional lands in earlier stages of development, including renewable energy.
BIG Europe established its new European headquarters in the summer of 2023, with the clear intention of investing capital and growing the company. Its main focus will continue to be the Eastern European markets; however the company is now exploring investment opportunities in Western European countries.
In Israel, BIG Shopping Centers, Ltd. is a fully integrated development, leasing, management, and marketing company known for its “gold standard”. This drive for excellence continues in Europe, with its top management by BIG Israel’s veterans.
THE BIG GROUP
Established in 1994 by Yehuda Naftali, and managed by Hay Galis, BIG Shopping Centers Ltd. (BIG) is a leading real estate group headquartered in Israel with the focus on development, operating and investing in open-air shopping and lifestyle centers, logistics, offices, residential and renewable energy.
BIG has been traded on Israel’s Tel Aviv Stock Exchange since 2006, with a net worth of circa Euro 3 Billion as of December 31, 2022, and is included in the prestigious TA-35 index (the index of the 35 prominent companies listed in the TASE). BIG’s total Balance Sheet Assets in December 2022 were at approximately Euro 8.5 Billion.
BIG also holds approx. 89.29% of the issued capital of Afi Properties Ltd, a leading entrepreneurial company of high magnitude yielding real estate assets, with main focus on offices and residential sectors, in Israel and Central-Eastern Europe. Afi Properties is also traded in the TASE, with net worth of over Euro 1 Billion as of December 31, 2022.
BIG, together with Afi, has a total of 134 projects worldwide: 85 active projects, 28 projects under development and 21 plots for future development.
The BIG Group is in full development mode in 2024 with 27 projects all under construction this year!
OUR MANAGEMENT
MICHAEL (MIKI) BAR
CHIEF EXECUTIVE OFFICER
mbar@big-europe.com
Michael Bar serves as Chief Executive Officer for BIG Europe (CEE-BIG BV). He relocated to the Netherlands August 2023 to establish the company’s new European Headquarters and grow the company in the continent, with its focus remaining CEE.
Before relocating to the Netherlands, Mr. Bar served as the President and CEO of BIG USA (BIG Shopping Centers USA, inc.). Mr. Bar relocated to Arizona, USA in July 2017 for this role, where he oversaw all aspects of the company. During his tenure, the company owned a portfolio of 28 retail parks totaling 700,000 sqm GLA, as well as managed and leased part of it. In 2021-2022, BIG USA sold most of its portfolio at over $ 1 Billion.
Prior to that, Mr. Bar was situated in Israel, as Vice President of Overseas Business Development for the BIG group. He navigated the company’s business in the United States, India, and Serbia, and was highly involved in all BIG’s transactions in those countries. These transactions included over fifteen acquisitions, joint ventures, and dispositions, from $10 million to $100+ million per transaction.
Prior to joining BIG in 2008, Mr. Bar practiced law at Fisher & Co., one of Israel’s largest law firms.
Michael Bar is an Harvard Business School Alumni (AMP 201) and holds a European Master’s in Law and Economics, LL.M. (EMLE program, Universities of Rotterdam, Bologna and Aix-en-Provence), as well as an MBA (Finance and Marketing), a Law degree (LLB) and a Bachelor’s degree in Economics from Tel Aviv University. Mr. Bar is a licensed lawyer in Israel.
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ELAD PEDY
CHIEF FINANCIAL OFFICER
epedy@big-europe.com
Elad Pedy serves as Chief Financial Officer for BIG Europe (CEE-BIG BV). He relocated to the Netherlands August 2023 to establish the accounting teams at France and Poland and strengthen the company’s financial ability in the continent, with its focus remaining CEE.
Before relocating to the Netherlands, Mr. Pedy served as the CFO of BIG USA (BIG Shopping Centers USA, inc.). Mr. Pedy relocated to the US in June 2015 for this role, where he oversaw all financial aspects of the company that included 28 retail parks generating ~$100 million revenue per year. During his tenure, the company refinanced $350 million and sold most of its portfolio at over $ 1 Billion.
Prior to that, Mr. Pedy was situated in Israel, as Controller for the BIG group. He was responsible for all global reporting, accounting (IFRS & U.S. GAAP), and financial planning & analysis. Prior to joining BIG in 2010, Mr. Pedy worked at Ernst & Young.
Elad Pedy has a B.A. in Economics and Accounting from The Hebrew University, and an MBA with a Finance emphasis from The College of Management Academic Studies. Mr. Pedy is a Certified Public Accountant in Israel.
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