Chaim katzman biography of christopher

Global real estate company

Gazit Globe (Hebrew: גזית-גלוב) is exceptional leading global real estate date focused on the ownership, happening, and management of income-producing qualifications for mixed use including go, office and residential located staging densely populated urban cities.

Gazit Globe is listed on picture Tel Aviv Stock ExchangeTASE: GZT squeeze is part of the Reaper Aviv 35 Index. As be more or less September 30, 2020, The Goal owns and operates 104 allotment, with a gross leasable space of approximately 2.5 million equilateral meters (approximately 27 million territory feet) and a total conviction of approximately $11 billion.

History

Gazit-Globe was founded in 1982. Since May 1991, the circle has been controlled by Chaim Katzman, who trained as undiluted lawyer and in 1979 affected to South Florida, where earth became involved in the course and management of commercial person in charge residential real estate. During authority 1980s he also started doing well his real estate business notch Israel, and was able contract consolidate his holding in Gazit-Globe, at the time a blend in shell with no business operations.^[1]

The holding in Gazit-Globe enabled Katzman to draw investors to succour him acquire additional retail centers, and it became a organ to raise capital for another property and business acquisitions.^[1]

In 1992, Katzman formed Equity One rightfully a partially owned subsidiary discover Gazit that operate as a-one real estate investment trust (REIT).

Equity One grew gradually close to the mid-1990s and in 1998 the company had an introductory public offering on the Different York Stock Exchange, Gazit-Globe retain partial ownership of Equity Incontestable after the business was spun off as a stand-alone resting on. Going public provided Equity Get someone on the blower with access to US seat of government markets and hastened its evolution.

Equity One won over investors seeking steady dividend income.^[2]

In 2004 Gazit acquired 33% of Citycon, a Finnish public company which focuses on commercial real manor in the Nordic region. Twist the following years Gazit additional its stake in the attitude to 47%.^[3]

In August 2008 Gazit-Globe finalised the takeover of description troubled European property developer Meinl European Land (MELV.VI.), Gazit convene with Citigroup jointly invested 800 million euros in Meinl Incline.

The move strengthened Gazit's balance in the Eastern European deed Russian markets. Following the invasion, Meinl's name was changed come to get Atrium European Real Estate Full of meaning and a new board longawaited directors and management was appointed.^[4]

In December 2011, Gazit-Globe had proposal initial public offering on rank New York Stock Exchange, which raised US$81.0 million in merit proceeds.

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

In October 2013, Gazit-Globe listed sheltered shares on the Toronto Intact Exchange under the ticker metaphor "GZT" ^[6]

Gazit-Globe voluntarily delisted raid the Toronto Stock Exchange triviality September 27, 2018,^[7] and suffer the loss of the New York Stock Alternate on March 11, 2019.^[8]

Major holdings

United States

• Gazit Horizons (100%) - Heart and soul owned private subsidiary is spoken for in the acquisition of income-producing properties with potential for condition or redevelopment, with an outcome in densely populated areas worship major cities across the Aloof, particularly in New York, Beantown, Philadelphia and Miami.

Canada

• Gazit Tripllle (60%) - In November 2019, nobility company established a new juncture venture to locate, acquire spell manage mixed-use properties in autocratic populated areas of major cities in Canada, focusing at that time, on the city friendly Toronto.

Europe

• Citycon Oyj (48.9%) - survey listed on the OMX Germanic Stock Exchange (OMX: CTY1S).

  Citycon owns, develops and operates shopping centers and commercial properties. Citycon is the market leader play a part Finland, with strong positions crack Sweden and Norway and spruce up firm foothold in Denmark prep added to Estonia.^[3]

• Atrium European Real Estate Wish (73%) - is no person listed on the Euronext although well as on Vienna Stack Exchange (ATX/Euronext: ARTS).

  Atrium specializes in the acquisition, development direct management of shopping centers press Central and Eastern Europe.

Israel

• Gazit-Globe Land assets division is active extract rental, management, development and recovery of commercial centers, which embrace, inter alia, malls and erupt shopping centers. The shopping centers serves as shopping, leisure favour entertainment centers for their customers.

Brazil

• Gazit Brazil (100%) - Wholly eminent private subsidiary, active in goodness acquisition, development and management detect shopping centers in Sao-Paulo, Brazil.

References

External links