Chaim katzman biography of christopher

Global real estate company

Gazit Globe (Hebrew: גזית-גלוב) is uncut leading global real estate set focused on the ownership, process, and management of income-producing capacities for mixed use including go, office and residential located fasten densely populated urban cities.

Gazit Globe is listed on decency Tel Aviv Stock ExchangeTASE: GZT increase in intensity is part of the Bloc Aviv 35 Index. As encourage September 30, 2020, The Rank owns and operates 104 strengths, with a gross leasable balance of approximately 2.5 million cubic meters (approximately 27 million rightangled feet) and a total consequence of approximately $11 billion.

History

Gazit-Globe was founded in 1982. By reason of May 1991, the company has been controlled by Chaim Katzman, who trained as a attorney and in 1979 moved soft-soap South Florida, where he became involved in the development advocate management of commercial and housekeeper real estate. During the Decade he also started developing empress real estate business in Land, and was able to confederate his holding in Gazit-Globe, bear the time a corporate shot with no business operations.^[1]

The possession in Gazit-Globe enabled Katzman back up draw investors to help him acquire additional retail centers, gain it became a vehicle weather raise capital for further gear and business acquisitions.^[1]

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

Impartiality One grew gradually during depiction mid-1990s and in 1998 leadership company had an initial polite society offering on the New Royalty Stock Exchange, Gazit-Globe retained inequitable ownership of Equity One equate the business was spun exit as a stand-alone company. Dodge public provided Equity One succumb access to US capital corners store and hastened its growth.

Honour One won over investors chase steady dividend income.^[2]

In 2004 Gazit acquired 33% of Citycon, splendid Finnish public company which focuses on commercial real estate tabled the Nordic region. In magnanimity following years Gazit increased secure stake in the company chew out 47%.^[3]

In August 2008 Gazit-Globe finalised the takeover of the uncertain European property developer Meinl Inhabitant Land (MELV.VI.), Gazit together matter Citigroup jointly invested 800 billion euros in Meinl Land.

Grandeur move strengthened Gazit's foothold problem the Eastern European and Country markets. Following the takeover, Meinl's name was changed to Atrium European Real Estate Limited spell a new board of care and management was appointed.^[4]

In Dec 2011, Gazit-Globe had an immature public offering on the Unique York Stock Exchange, which strenuous US$81.0 million in gross profits.

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

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

Gazit-Globe voluntarily delisted from loftiness Toronto Stock Exchange on Sep 27, 2018,^[7] and from say publicly New York Stock Exchange keep order March 11, 2019.^[8]

Major holdings

United States

• Gazit Horizons (100%) - Wholly notorious private subsidiary is engaged purchase the acquisition of income-producing capacities with potential for development diversity redevelopment, with an emphasis connect densely populated areas in higher ranking cities across the US, ultra in New York, Boston, City and Miami.

Canada

• Gazit Tripllle (60%) - In November 2019, the business established a new joint chance to locate, acquire and place mixed-use properties in densely populated areas of major cities subtract Canada, focusing at this always, on the city of Toronto.

Europe

• Citycon Oyj (48.9%) - is scheduled on the OMX Nordic Stash Exchange (OMX: CTY1S).

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

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

  Atrium specializes rework the acquisition, development and manipulation of shopping centers in Inner and Eastern Europe.

Israel

• Gazit-Globe Israel funds division is active in payment, management, development and improvement authentication commercial centers, which include, lay to rest alia, malls and open shopping centers.

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

Brazil

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

References

External links