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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. acquires, manages, develops and redevelops supermarket-anchored neighborhood and community shopping centers in urban growth markets worldwide. As of December 31, 2015, the company’s asset base included 451 properties totaling approximately 71 million square feet of gross leasable area (GLA) and are geographically diversified across approximately 20 countries, including the United States, Canada, Finland, Norway, Sweden, Poland, the Czech Republic, Russia, Israel, Germany and Brazil. As of December 31, 2015, 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 27 properties under development or redevelopment as of December 31, 2015. 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, one of the major financial services companies 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; improve 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. Discontinued Operations In January 2016, the company sold its entire stake in U. Dori Group Ltd. and its subsidiaries, a company engaged in the development and construction primarily of residential projects in Israel and in Eastern Europe. During 2015, ProMed Properties Inc. (ProMed) sold four medical office buildings to third parties. The company’s medical office buildings were located in the United States through ProMed. 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; LA Fitness; Publix; Sports Authority; Stop & Shop; The Gap Inc.; TJ Maxx; Canadian Tire; CIBC; Dollarama; GoodLife Fitness; Loblaw Companies; Metro; RBC Royal Bank; Sobey’s; TD Canada Trust; Walmart; ICA Gruppen AB; NorgesGruppen; Kesko Corp.; S-Group; Varner Group; AFM; Ahold; ASPIAG; EMF; Hennes & Mauritz; Inditex; Kingfisher; LPP; Metro Group; Tengelmann Group; Aldi; Edeka Group; Inter Continental Hotels Group; HIT; Cinema City; Homecenter; Super Sal; Super-pharm; VIM Clubs; Cinepolis; Cinesystem; Extra Itaim Hipermercados; Forever 21; Lojas Americanas; Renner; Runner (gym); Tok Stok; UNG; and Zaffari. History Gazit Globe, Ltd. was incorporated in Israel in 1982.


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