Address: 1 Hashalom Rd., Tel Aviv 67892
Executive Vice Chairman
Senior Executive V.P. & General Counsel
Senior Executive V.P. & Chief Financial Officer
Vice-President & Controller
Member of the Executive Committee & V.P. of Corporate Responsibility
Line of Business:
Acquisition, Development and Management of Income-Producing Real Estate
azit-Globe (“Gazit” or “The Company”) (TASE: GLOB; NYSE: GZT) is one of the world’s leading multinational real estate companies engaged in the acquisition, development and management of supermarket anchored shopping centers in urban growth markets. In addition, the company is active in North America in the health care real estate sector. Gazit-Globe’s primary objective is the creation of value through long-term maximization of cash flow and capital appreciation from its growing real estate portfolio. The Company’s shares are traded on the Tel Aviv Stock Exchange as a part of the TA-25 and the TA-Real-Estate 15 indices. The Company is also listed on the New York Stock Exchange (NYSE). Gazit-Globe operates in more than 20 countries, owns and manages over 600 properties with a gross leasable area of about 6.8 million m2, has a total asset value of approximately $18.5 billion and a gross annualized income of about $1.75 billion. The Company has a declared quarterly dividend policy since 1998. For 2012, the declared quarterly dividend will be at least NIS 0.40 per share (NIS 1.60 per share annually).
Equity One (43.4%) 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, development and management 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 164 properties with a total GLA of approximately 1.8 million m2.
ProMed Properties (100%) is engaged in the acquisition and management of medical office and medical-research buildings throughout the United States. ProMed owns and operates 15 medical office/research buildings with a total GLA of approximately 128,000 m2.
Royal Senior Care (60%) specializes in the acquisition, development and management of senior housing communities primarily in Southeast United States. It owns and operates 15 senior housing communities with 1,650 residential units.
First Capital Realty (50.5%) is listed on the Toronto Stock Exchange (TSX: FCR). FCR is Canada’s leading owner, developer and operator of supermarkets and pharmacies anchored in neighborhood and community shopping centers located predominantly in growing metropolitan areas. FCR owns 162 properties with a total GLA of approximately 2.1 million m2.
Gazit America (73.1%) is listed on the Toronto Stock Exchange (TSX: GAA). GAA holds approximately 13% of Equity One and is active in the medical office buildings sector in Canada. It owns 13 medical office buildings with a total GLA of approximately 101,000 m2.
Citycon (48%) is listed on the Helsinki Stock Exchange (OMX: CTY). Citycon is an owner, developer and operator of shopping centers. Citycon is the 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 78 income-producing properties with a total GLA of approximately 1.2 million m2.
Atrium European Real Estate (31.6%) is listed on the Euronext as well as on the Vienna Stock Exchange (VSX/Euronext: ATR). Atrium is a leading company focused on owning, operating and developing shopping centers in Central and Eastern Europe. Atrium owns 155 income-producing properties as well as several projects and land in different stages of development with a total GLA of approximately 1.2 million m2.
Gazit Germany (100%) is an owner, developer and operator of neighborhood shopping centers located in Germany. It currently owns 6 shopping centers with a total GLA of approximately 101,000 m2 as well as land parcels for future development.
Gazit Bulgaria (75%) is an owner, developer and operator of shopping centers in Bulgaria and Macedonia. Currently it owns 1 income-producing property with a total GLA of approximately 7,000 m2 and land parcels for future development.
Gazit-Globe Israel (Development) (75%) is engaged in the acquisition, development, and management of shopping centers in Israel. The Company owns 10 shopping centers with a total GLA of approximately 121,000 m2.
Dori Group (55.4% indirect) is one of Israel’s leading construction companies. Dori Group is listed on the Tel Aviv Stock Exchange (TASE: DORI). Gazit-Globe Israel (Development) is the controlling shareholder of Dori Group (73.8%).
Gazit Brazil (100%) is an owner, developer and operator of shopping centers in Brazil. Gazit Brazil currently owns 4 shopping centers with a total GLA of approximately 40,000 m2.
Information presented is as of Dec. 31, 2011.