Azrieli Said to Weigh Options for Data Center Arm Including IPO

Israeli real estate firm Azrieli Group Ltd.is considering options for its data center arm including a potential initial public offering, according to people familiar with the matter.

Azrieli has held early discussions with potential advisers about possibilities for the business, known as Green Mountain, the people said. It could also seek to raise a private round of funding for the Norway-based unit, according to the people.

Green Mountain could be valued at as much as £2.5 billion ($3.2 billion) in a listing and is considering London as a potential venue, the people said, asking not to be identified ...