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Last 4,500
Change Today +49.00 / 1.10%
Volume 152.6K
GZT On Other Exchanges
New York
Tel Aviv
As of 10:24 AM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1 HaShalom Road

Tel Aviv, 67892


Phone: 972 3 694 8000

Fax: 972 3 696 1910

Gazit-Globe Ltd. owns, develops, operates, and redevelops supermarket-anchored neighborhood and community shopping centers in urban growth markets worldwide. As of December 31, 2013, the company’s asset base included 577 properties with a gross leasable area (GLA) of approximately 71 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, 2013, 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. Additionally, the company owns and operates medical office building in North America through public and private subsidiaries; and owns and operates its shopping centers in Brazil, Germany, and Israel through private subsidiaries. Properties under Development The company had 37 properties under development or redevelopment as of December 31, 2013. 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. Among its properties are medical and research office buildings, located primarily in or in proximity to hospitals and university campuses, including Hackensack University Medical Center, University of Pennsylvania/Children’s Hospital of Philadelphia, the Tufts Medical Center Campus in Boston, and MedStar Health’s Union Memorial Hospital near the Johns Hopkins Campus in Baltimore. As of December 31, 2013, ProMed had 16 income-producing properties with a GLA of approximately 1.5 million square feet. In majority of the medical office buildings owned by ProMed, it rents out areas to anchor tenants that are hospitals, medical schools, or other medical providers, doctors, and/or practice groups. Development and Construction of Residential Projects in Israel and Eastern Europe The company is engaged in the development and construction primarily of residential projects in Israel and in Eastern Europe through Gazit-Globe Israel (Development) Ltd.’s (Gazit Development’s) investment in U. Dori Group Ltd. Gazit Development held indirectly 73.9% of the share capital and voting rights in U. Dori Group Ltd. as of December 31, 2013. 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, 2013) 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 is working towards the construction and operation of a private power station, which would be fueled by natural gas 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. Business and Growth Strategies The strategies that the company intends to execute include continuing to focus on supermarket-anchored shopping centers; pursuing high growth opportunities to complement its stable asset base; improving the performance of existing assets; selectively developing new properties in strategic locations; and proactively optimizing its property base. 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 Bed Bath & Beyond; CVS Pharmacy; The Gap Inc.; Greater Atlantic & Pacific Tea Co.; LA Fitness; Office Depot; Publix; Sports Authority; Supervalu; The TJX Companies; Canadian Tire; CIBC; Dollarama; Loblaws; RBC Royal Bank; Shoppers Drug Mart; Sobey’s; TD Canada Trust; Walmart; ICA; Kesko Corp.; S-Group; Stockman; Tokmanni; Ahold; Auchan; LPP; Metro Group; Spar; Aldi; Edeka; HIT; Kaisers’; Rewe; Cinema City; Homecenter; Eden Teva Market; Supersol; Super-pharm; CBD (Pão de Açúcar); Cinepolis; Colombo; Lojas Americanas; Lojas Franca; Luigi Bertolli; McDonald’s; and Renner. History Gazit-Globe Ltd. was incorporated in Israel in 1982.


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