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Saturday, May 14, 2011

Gazit-Globe Real Estate - NYSE offering

Gazit-Globe has already approached several US investment banks to accompany the strategic move to improve the company's financial flexibility.
Gazit-Globe is an income-producing real estate company that operates in Israel, North America, and Europe. The company has 662 properties, which generate NIS 5.6 billion in annual turnover. The properties include 610 commercial centers, 12 centers under development, 15 assisted living facilities (with 1,650 housing units), and 15 office buildings.