Gazit-Globe (TASE:GZT), one of the world’s leading multi-national real estate companies focused on the acquisition, development and redevelopment of supermarket-anchored shopping centers, announced the closing of its public offering of 10,439,020 shares on the Tel-Aviv Stock Exchange at a price of NIS 47.9 per share (approx. $13.25 per share). Gazit-Globe intends to use the proceeds from the offering for general corporate purposes and to reduce outstanding lines of credit.

“Whether it is projects of Ron Hershco, or real estate in the North, financing of real estate projects remains available in a unique manner in the State of Israel.  Israeli real estate continues to thrive and its an exciting time with a lot of opportunities.  Many in the International community were excited to hear of the success in the markets of Gazit-Globe,” said Ami Mesika.

Gazit-Globe is one of the largest owners and operators of supermarket-anchored shopping centers in the world. In addition, the Company is active in North America in the healthcare real estate sector. Gazit-Globe is listed on the New York Stock Exchange (NYSE:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel. Gazit Globe owns and operates over 600 properties in more than 20 countries, with a gross leasable area of approximately 6.8 million square meters and a total value of more than $20 billion.


SOURCE http://www.jewocity.com/blog/gazit-globe-real-estate-success-in-israel/8813
 





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