Gazit Globe (“Gazit” or “The Company”) is one of the world’s leading multi-national real estate investment companies and a global leader in the acquisition, development and management of supermarket anchored shopping centers. Gazit is listed on the Tel Aviv Stock Exchange (TASE: GLOB), is in the TA-25 and the Real-Estate 15 indices, and has an equity market capitalization of about $1.5 billion (US). The Group operates in more than 20 countries, owns and manages approximately 650 properties with a gross leasable area of approximately 6.3 million m², has a consolidated total asset value of approximately $15 billion (US) and a gross annualized income of about $1.4 billion (US).
The Company has a declared, quarterly, dividend policy since 1998. For 2010, the declared quarterly dividend will be at least NIS 0.37 per share (NIS 1.48 per share annually).
United States
Equity One Inc. (51.9%) is listed on the New York Stock Exchange (NYSE: EQY) Equity One is a fully integrated real estate investment trust (REIT) specializing in the acquisition, asset management, development and redevelopment of quality retail properties located in strategic metropolitan areas across the United States.
These centers are anchored by leading supermarkets, pharmacies and retail store chains. EQY owns 175 properties with a total GLA of 1.8 million m² and 2 shopping centers under development.
Royal Senior Care LLC (RSC) (60%) specializes in the acquisition, development and management of senior housing communities, primarily in southeast United States. It owns and operates 15 properties with 1,650 residential units and 1 senior housing community under development.
ProMed Properties Inc. (100%) is engaged in the acquisition and management of medical office and medical-research buildings throughout the United States. ProMed owns and operates 10 medical office/research buildings with a total GLA of 91,000 m² and two multi-story parking garages (1,700 spaces). ProMed’s focus is on locations near best-in-class hospitals and medical research universities.
Canada
First Capital Realty Inc. (50.7%) is listed on the Toronto Stock Exchange (TSX: FCR). FCR is Canada’s leading owner, developer and operator of supermarket and drug store anchored neighborhood and community shopping centers located predominantly in growing metropolitan areas. FCR owns 172 properties, with a total GLA of 1.9 million m² and 3 shopping centers under development.
Gazit America Inc. (66%) is listed on the Toronto Stock Exchange (TSX: GAA). GAA is focused on entrepreneurial real estate opportunities including the acquisition and development of income-producing properties, investments in public and private real estate entities, and investments in joint ventures. GAA currently owns approximately 16% of Equity One, Inc. (NYSE:EQY) and 2 properties comprised of five medical office buildings with a total GLA of 11,000 m².
Europe
Citycon Oyj. (47.9%) is listed on the Nordic Stock Exchange (OMX: CTY1S). Citycon is an owner, developer and operator of shopping centers. Citycon is a market leader in the Finnish shopping center business, Citycon also has a strong position in Sweden and a firm foothold in the Baltic countries. Citycon owns 84 income-producing properties with a total GLA of 1 million m².
Atrium European Real Estate (30.1%) is listed on the Euronext as well as on Vienna Stock Exchange (ATX/Euronext: ARTS). Atrium is a leading company focused on owning, operating and developing shopping centers in Central and Eastern Europe. Atrium owns 152 income-producing properties as well as 38 projects and land in different stages of development with a total GLA of 1.1 million m².
Gazit Europe (100%) is an owner, developer and operator of neighborhood shopping centers located in Germany. It currently owns 6 shopping centers, as well as 3 land parcels for future development with a total GLA of 96,000 m².
Gazit Bulgaria (75%) is an owner, developer and operator of shopping centers in Bulgaria. Currently it owns 1 income-producing property with a total GLA of 7,000 m² and 5 land parcels for future development.
Israel
Gazit-Globe Israel (Development) Ltd. (75%) is engaged in the acquisition, development, and management of shopping centers in Israel. The Company owns 10 shopping centers and 2 shopping centers under development with a total GLA of 129,000 m².
Acad Building & Investments Ltd. (50%) is the controlling share holder of U. Dori Engineering Works Corp. (73.8%), which is listed on the Tel Aviv Stock Exchange (TASE: DORI). U. Dori is one of Israel’s leading construction
Brazil
Gazit Brazil (100%) is an owner, developer and operator of shopping centers in Brazil. Gazit Brazil currently owns two shopping centers with a total GLA of 18,000 m² and 1 income-producing property under development.