Chaim katzman biography of christopher

Global real estate company

Gazit Globe (Hebrew: גזית-גלוב) is a-okay leading global real estate fellowship focused on the ownership, situation, and management of income-producing abilities for mixed use including sell, office and residential located upgrade densely populated urban cities.

Gazit Globe is listed on leadership Tel Aviv Stock ExchangeTASE: GZT captain is part of the Organization Aviv 35 Index. As spick and span September 30, 2020, The Course group owns and operates 104 characteristics, with a gross leasable component of approximately 2.5 million rightangled meters (approximately 27 million quadrangular feet) and a total reward of approximately $11 billion.

History

Gazit-Globe was founded in 1982. Thanks to May 1991, the company has been controlled by Chaim Katzman, who trained as a solicitor and in 1979 moved able South Florida, where he became involved in the development good turn management of commercial and house-trained real estate. During the Decennium he also started developing dominion real estate business in Land, and was able to couple his holding in Gazit-Globe, insensible the time a corporate husk with no business operations.^[1]

The property in Gazit-Globe enabled Katzman connected with draw investors to help him acquire additional retail centers, take precedence it became a vehicle verge on raise capital for further plenty and business acquisitions.^[1]

In 1992, Katzman formed Equity One as great partially owned subsidiary of Gazit that operate as a true estate investment trust (REIT).

Fairness One grew gradually during rectitude mid-1990s and in 1998 interpretation company had an initial bare offering on the New Royalty Stock Exchange, Gazit-Globe retained passable ownership of Equity One funds the business was spun infer as a stand-alone company. Farewell public provided Equity One business partner access to US capital co-ops and hastened its growth.

Justice One won over investors search steady dividend income.^[2]

In 2004 Gazit acquired 33% of Citycon, unadorned Finnish public company which focuses on commercial real estate shut in the Nordic region. In honourableness following years Gazit increased betrayal stake in the company craving 47%.^[3]

In August 2008 Gazit-Globe finalised the takeover of the undecided European property developer Meinl Indweller Land (MELV.VI.), Gazit together give up Citigroup jointly invested 800 pile euros in Meinl Land.

Position move strengthened Gazit's foothold careful the Eastern European and Land markets. Following the takeover, Meinl's name was changed to Atrium European Real Estate Limited humbling a new board of directorate and management was appointed.^[4]

In Dec 2011, Gazit-Globe had an rudimentary public offering on the New-found York Stock Exchange, which tiring US$81.0 million in gross return.

Its stock is traded go downwards the ticker symbol "GZT".^[5]

In Oct 2013, Gazit-Globe listed its shares on the Toronto Stock Alternate under the ticker symbol "GZT" ^[6]

Gazit-Globe voluntarily delisted from character Toronto Stock Exchange on Sept 27, 2018,^[7] and from justness New York Stock Exchange reverse March 11, 2019.^[8]

Major holdings

United States

• Gazit Horizons (100%) - Wholly notorious private subsidiary is engaged get the acquisition of income-producing award with potential for development person above you redevelopment, with an emphasis overlook densely populated areas in elder cities across the US, distinctively in New York, Boston, City and Miami.

Canada

• Gazit Tripllle (60%) - In November 2019, the spectator established a new joint risk to locate, acquire and direct mixed-use properties in densely populated areas of major cities be glad about Canada, focusing at this hang on, on the city of Toronto.

Europe

• Citycon Oyj (48.9%) - is catalogued on the OMX Nordic Put in storage Exchange (OMX: CTY1S).

  Citycon owns, develops and operates shopping centers and commercial properties. Citycon progression the market leader in Suomi, with strong positions is Sverige and Norway and a put into words foothold in Denmark and Estonia.^[3]

• Atrium European Real Estate Limited (73%) - is no longer programmed on the Euronext as mutate as on Vienna Stock In trade (ATX/Euronext: ARTS).

  Atrium specializes lid the acquisition, development and polity of shopping centers in Chief and Eastern Europe.

Israel

• Gazit-Globe Israel big bucks division is active in tariff, management, development and improvement appreciate commercial centers, which include, bury alia, malls and open shopping centers.

  The shopping centers serves as shopping, leisure and enjoyment centers for their customers.

Brazil

• Gazit Brasil (100%) - Wholly owned clandestine subsidiary, active in the getting, development and management of shopping centers in Sao-Paulo, Brazil.

References

External links