Gazit-Globe
Gazit Brasil Acquires Shopping Light, an Iconic Property in the Heart of Downtown Sao Paulo, for R$ 150M (US$ 48M)

DGAP-News: Gazit-Globe

2015-06-07 / 10:51

---------------------------------------------------------------------

In the Last 9 Months Gazit Brasil Acquired 3 Shopping Centers in Sao Paulo for
a Total Consideration of Approximately US$ 185M 

TEL-AVIV, Israel and SAO PAULO, Brazil, 2015-06-07 10:51 CEST (GLOBE NEWSWIRE)
-- Gazit-Globe (NYSE:GZT) (TSX:GZT) (TASE:GZT), one of the world's leading
multi-national real estate companies focused on the management, acquisition,
development and redevelopment of supermarket-anchored shopping centers in major
urban markets, announced today that its wholly-owned subsidiary, Gazit Brasil
Ltda. ('Gazit Brasil'), has acquired Shopping Light, an iconic property in the
heart of downtown, Sao Paulo, for R$150 million (approximately US$ 48 million)
including transaction costs. In the last 9 months Gazit Brasil acquired 3
shopping centers in Sao Paulo for a total consideration of approximately US$
185M. 

A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=33563 

Shopping Light is an urban asset located in downtown Sao Paulo. The property is
located close to major public transportation and surrounded by multiple
government agencies, universities, courts, the main stock exchange in Latin
America and steps away from the Municipal Theater and Sao Paulo's city hall. 

Shopping Light is an iconic property that was built in 1929, transformed into a
shopping center in 1994 and has received status as a property for preservation
due to its historical importance to the city. The asset has 125 retail units,
200 parking spaces, a total GLA of approximately 18,500 sqm and occupancy of
99% with global and local tenets such as HSBC, Nike, Reebok, Lacoste,
McDonald's, post office and a gym. It is estimated that approximately one
million people pass through the trade area on a daily basis. 

Gazit Brasil CEO, Mia Stark: 'The acquisition of Shopping Light, one of Sao
Paulo's iconic properties, reinforces our focused strategy of building a unique
portfolio of urban located assets in the business capital of Latin America.' 

About Gazit-Globe

Gazit-Globe is one of the largest owners, developers and operators of
predominantly supermarket-anchored shopping centers in major urban markets
around the world. Gazit-Globe is listed on the New York Stock Exchange
(NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock
Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in
Israel. As of March 31, 2015 Gazit-Globe owns and operates 448 properties in
more than 20 countries, with a gross leasable area of approximately 6.2 million
square meters and a total value of approximately US$ 19 billion. 

About Gazit Brasil

Gazit Brasil is a wholly-owned subsidiary of Gazit-Globe. Gazit Brasil is
active in the acquisition, development and management of shopping centers in
Brazil. With the closing of this transaction Gazit Brasil owns and operates 8
shopping centers (one of which is under development) with a total GLA of
approximately 110,000 sqm and a total value of about R$1.1B (approximately USD$
400M). 

FOR ADDITIONAL INFORMATION

Gazit-Globe: Investors Contact: ir@gazitgroup.com, Media Contact:
press@gazitgroup.com 
Gazit-Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000

Gazit Brasil: Media Contact: press@gazitbrasil.com.br
Gazit Brasil Office, Sao Paulo, Brazil, Tel: +55 11 3508 0800
Rua Olimpíadas 66, 4º andar - Vila Olímpia, São Paulo - SP - Brazil

FORWARD LOOKING STATEMENTS

This release may contain forward-looking statements within the meaning of
applicable securities laws. In the United States, these statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements involve a number of known and unknown risks
and uncertainties, many of which are outside our control that could cause our
future results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such
forward-looking statements. Important factors that could cause or contribute to
such differences include risks detailed in our public filings with the SEC and
the Canadian Securities Administrators. Except as required by applicable law,
we undertake no obligation to update any forward-looking or other statements
herein, whether as a result of new information, future events or otherwise.
News Source: NASDAQ OMX



---------------------------------------------------------------------

2015-06-07 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English       
Company:     Gazit-Globe   
 
 
             Panama        
ISIN:        PAL0605071A3  
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
365973 2015-06-07