Gazit-Globe Ltd. engages in the ownership and operation of supermarket-anchored shopping centers worldwide. As of June 30, 2013, the company owned and operated 592 properties with a gross leasable area (GLA) of approximately 6.7 million square meters in 20 countries, including the United States, Canada, Finland, Sweden, Poland, the Czech Republic, Israel, Germany, and Brazil. Majority 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 the company owns and operates its shopping centers in Brazil, Germany and Israel through private subsidiaries. Properties under Development The company has 34 properties under development or redevelopment. Medical Office Buildings ProMed Properties Inc. (ProMed) Through its wholly-owned subsidiary, ProMed, the company owns and manages medical office buildings in the United States. Among its properties are medical and research office buildings, located mostly 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. ProMed has 16 income-producing properties, with a GLA of approximately 1.5 million square feet. In most of the medical office buildings owned by ProMed, it rents out areas to anchor tenants that are usually 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, management and construction of real estate 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 100% of the share capital and voting rights in Acad Building & Investments Ltd. (Acad). The company refers to U. Dori Group Ltd. and its subsidiaries, including U. Dori Construction Ltd. (71.2% of which is owned by Dori Group) which is also traded on the TASE, and its wholly-owned subsidiaries and related companies, as the Dori Group. The Dori Group’s primary businesses are the development and construction primarily of real estate 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 will be fueled by natural gas in Ashkelon, located in the southern coastal region of Israel. Investments in India In 2007, the company entered into an agreement to invest in Hiref International LLC, or Hiref, a real estate fund in India. Hiref was sponsored by HDFC Group, a financial service 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. Intellectual Property The company owns various trademarks in Israel, including its ‘G’ and ‘LOCATION, LOCATION, LOCATION’ designs and has applied for a number of trademarks in Israel, including ‘AAA,’ ‘LOCATION, LOCATION, LOCATION,’ ‘GAZIT-GLOBE’ (in Hebrew and English) and for trademarks in the U.S., Canada, Brazil and Russia for its ‘LOCATION, LOCATION, LOCATION’ design. Business Strategy The company’s objective is to create value through long-term maximization of cash flow and capital appreciation, while improving its properties and increasing its dividends. The strategies the company intends to execute to achieve this objective include: continue to focus on supermarket-anchored shopping centers; pursue high growth opportunities to complement stable asset base; enhance the performance of existing assets; selectively develop new properties in strategic locations; and proactively optimize property base and allocation of capital. Tenants The company’s major tenants include Bed Bath & Beyond, Costco, CVS Pharmacy, The Gap Inc., Kroger, LA Fitness, Office Depot, Publix, Supervalu, TJ Maxx, Canadian Tire, CIBC, Loblaws, Metro, RBC Royal Bank, Shoppers Drug Mart, RONA, Sobey’s, TD Canada Trust, Walmart, ICA, H&M, Kesko Corp., S-Group, Stockman, Ahold, LPP, Metro Group, Spar, Tengelmann Group, Aldi, Edeka, HIT, Kaisers’, Rewe, Cinema City, Homecenter, Eden Teva Market, Shufersal, Superpharm, CBD (Pão de Açucar), Cinepolis, Colombo, Lojas Americanas, Lojas Franca, Luigi Bertolli, McDonald’s, Renner, and Supermercado Nacional (Walmart). History Gazit-Globe Ltd. was incorporated 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
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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.