Type Public Website www.gazit-globe.com CEO Dori Segal Revenue 6.15 billion ILS (2015) | Number of employees 2000~ (2009) Headquarters Tel Aviv, Israel Founded 1982 | |
Traded as TASE: GZT
NYSE: GZT
TSX: GZT Industry Real Estate,
Shopping centers Key people Chaim Katzman, Chairman
Dori Segal, Executive Vice Chairman
Roni Soffer, President Stock price GZT (TLV) 3,750.00 ILA -25.00 (-0.66%)9 Mar, 5:24 PM GMT+2 - Disclaimer Subsidiaries Atrium European Real Estate, Gazit America Inc. | ||
Gazit globe video
Gazit-Globe is an international owner, developer and operator of supermarket-anchored shopping centers in major urban markets around the world. In addition, Gazit-Globe is active in the North American healthcare real-estate sector.
Contents
Gazit-Globe is listed on the New York Stock Exchange NYSE: GZT, the Toronto Stock Exchange TSX: GZT and the Tel Aviv Stock Exchange TASE: GZT and is included in the TA-25 and Real-Estate 15 indices in Israel. Gazit-Globe owns and operates 592 properties in more than 20 countries, with a gross leasable area of approximately 6.7 million square meters and a total value of more than US$20 billion.
Gazit globe new wmv
History
Gazit-Globe was founded in 1982. Since May 1991, the company has been controlled by Chaim Katzman, who trained as a lawyer and in 1979 moved to South Florida, where he became involved in the development and management of commercial and residential real estate. During the 1980s he also started developing his real estate business in Israel, and was able to consolidate his holding in Gazit-Globe, at the time a corporate shell with no business operations.
The holding in Gazit-Globe enabled Katzman to draw investors to help him acquire additional retail centers, and it became a vehicle to raise capital for further property and business acquisitions.
In 1992, Katzman formed Equity One as a partially owned subsidiary of Gazit that operate as a Real estate investment trust (REIT). Equity One grew gradually during the mid-1990s and in 1998 the company had an initial public offering on the New York Stock Exchange, Gazit-Globe retained partial ownership of Equity One after the business was spun off as a stand-alone company. Going public provided Equity One with access to US capital markets and hastened its growth. Equity One won over investors seeking steady dividend income.
In 2004 Gazit acquired 33% of Citycon, a Finnish public company which focuses on commercial real estate in the Nordic region. In the following years Gazit increased its stake in the company to 47%.
In August 2008 Gazit-Globe finalised the takeover of the troubled European property developer Meinl European Land (MELV.VI.), Gazit together with Citigroup jointly invested 800 million euros in Meinl Land. The move strengthened Gazit's foothold in the Eastern European and Russian markets. Following the takeover, Meinl's name was changed to Atrium European Real Estate Limited and a new board of directors and management was appointed.
In December 2011, Gazit-Globe had an initial public offering on the New York Stock Exchange, which raised USD $81.0 million in gross proceeds. Its stock is traded under the ticker symbol “GZT”.
In October 2013, Gazit-Globe listed its shares on the Toronto Stock Exchange under the ticker symbol "GZT"