G City formerly Gazit Globe is a leading global real estate company focused on the ownership, development, and management of income-producing properties for mixed use including retail, office and residential located in densely populated urban cities.
Gazit Globe is listed on the Tel Aviv Stock Exchange tase: GZT and is part of the Tel Aviv 35 Index. As of September 30, 2020, The Group owns and operates 104 properties, with a gross leasable area of approximately 2.5 million square meters (approximately 27 million square feet) and a total value of approximately $11 billion.
History
Gazit-Globe was founded in 1982. Since May 1991, the company has been controlled by Chaim Katzman, who trained as a lawyer and in 1979 moved to South Florida, where he became involved in the development and management of commercial and residential real estate. During the 1980s he also started developing his real estate business in Israel, and was able to consolidate his holding in Gazit-Globe, at the time a corporate shell with no business operations.[1]
The holding in Gazit-Globe enabled Katzman to draw investors to help him acquire additional retail centers, and it became a vehicle to raise capital for further property and business acquisitions.[1]
In 1992, Katzman formed Equity One as a partially owned subsidiary of Gazit that operate as a