Gazit-Globe Ltd. owns, develops, operates, and redevelops supermarket-anchored neighborhood and community shopping centers in urban growth markets worldwide. As of December 31, 2014, the company’s asset base included 524 properties with a gross leasable area (GLA) of approximately 68 million square feet in approximately 20 countries, including the United States, Canada, Finland, Sweden, Poland, the Czech Republic, Israel, Germany, and Brazil. As of December 31, 2014, approximately 95% of the company’s occupied GLA was leased to retailers and the majority of its occupied GLA was leased to tenants that provide consumers with daily necessities and other non-discretionary products and services, such as supermarkets, drugstores, discount retailers, moderately-priced restaurants, hair salons, liquor stores, banks, dental and medical clinics, and other retail spaces. Properties under Development The company had 34 properties under development or redevelopment as of December 31, 2014. Medical Office Buildings ProMed Properties Inc. (ProMed) The company, through its wholly-owned subsidiary, ProMed, owns and operates medical office buildings in the United States. As of December 31, 2014, ProMed had 4 income-producing properties, with a GLA of approximately 0.4 million square feet. Development and Construction of residential projects in Israel and Eastern Europe The company engages in the development and construction primarily of residential projects in Israel and in Eastern Europe through Gazit Development’s investment in U. Dori Group Ltd., a public company listed on the TASE. Gazit Development holds indirectly, as of December 31, 2014, 84.9% of the share capital and voting rights in Dori Group. The company refers to U. Dori Group Ltd. and its subsidiaries, including U. Dori Construction Ltd. (59.7% of which is owned by Dori Group as of December 31, 2014) and its wholly-owned subsidiaries and related companies, as Dori Group. Dori Group’s primary businesses are the development and construction primarily of residential projects in Israel and Eastern Europe. Dori Group also owns indirectly 11.25% of Dorad Energy Ltd., which operates a private power station in Ashkelon, located in the southern coastal region of Israel. Investments in India The company has an agreement to invest in Hiref International LLC (Hiref), a real estate fund in India. Hiref is sponsored by HDFC Group, a financial services company in India. Hiref invests directly and indirectly in real estate companies that operate in the development and construction field and in similar fields, including in special economic and trade zones, technological parks, combined municipal complexes, industrial parks, and buildings in the accommodation and leisure sector, such as hotels, residential buildings, and commercial and recreation centers. Strategy The key elements of the company’s strategy are to continue to focus on supermarket-anchored shopping centers; pursue high growth opportunities to complement its stable asset base; enhance the performance of existing assets; selectively develop new properties in strategic locations; and monitor and optimize its property base by taking advantage of opportunities to purchase and sell properties. Intellectual Property The company owns various trademarks in Israel, including its ‘G’ and ‘LOCATION, LOCATION, LOCATION’ designs. It has applied for various trademarks in Israel, including ‘AAA’, ‘LOCATION, LOCATION, LOCATION’, and ‘GAZIT-GLOBE’ (in Hebrew and English), as well as for trademarks in the U.S., Canada, Brazil, and Russia for its ‘LOCATION, LOCATION, LOCATION’ design. Tenants The company’s major tenants include Albertsons; Barneys New York; Bed Bath & Beyond; CVS Pharmacy; Food Emporium; The Gap Inc.; LA Fitness; Publix; Sports Authority; TJ Maxx; Canadian Tire; CIBC; Dollarama; GoodLife Fitness; Loblaws; Metro; RBC Royal Bank; Sobey’s; TD Canada Trust; Walmart; ICA; H&M; Kesko Corp.; S-Group; Stockmann; AFM; Ahold; ASPIAG; EMF; Hennes & Mauritz; Inditex; Kingfisher; LPP; Metro Group; Tengelmann Group; Aldi; dm; Edeka; HIT; Cinema City; Homecenter; Mega; Supersol; Super-pharm; CBD (Pão de Açúcar); Cinepolis; Colombo; Lojas Americanas; Lojas Franca; Luigi Bertolli; Renner; Smartfit; and Runner (gym). History Gazit-Globe Ltd. was incorporated in Israel in 1982.
gazit globe ltd (GZT:Tel Aviv)
1 HaShalom Road
Tel Aviv, 67892
Phone: 972 3 694 8000
Fax: 972 3 696 1910www.gazit-globe.com
|No competitor information is available for GZT.|
|View Industry Companies|
|Price/Cash Flow||--||Not Meaningful|
Sponsored Financial Commentaries
To contact GAZIT GLOBE LTD, please visit www.gazit-globe.com. Company data is provided by Capital IQ. Please use this form to report any data issues.