First Capital Realty | Canada
FROM A HUMBLE BEGINNING
Gazit-Globe established its operation in Canada in 1997 and acquired 8 properties between 1997 and 2000. In 2000, Gazit-Globe acquired a public company with CAD 700 million of assets. As of December 2016, FCR owns 160 properties totaling 2.2 million sqm and an enterprise value of CAD 9.2 billion.
Gazit-Globe’s influence was instrumental in this success with Dori Segal, in his capacity as CEO, leading the company through tremendous and profitable growth.
Gazit-Globe provided capital and strategic leadership and was instrumental in creating: An irreplaceable portfolio of high quality shopping centres; market leading Same Property NOI and operating performance; consistent and superior shareholder returns, and reduced financial risk and optionality from a strong and flexible balance sheet.
Gazit-Globe’s operation in Canada is one example of many of our ability, based on deep knowledge and vast experience, to establish a successful company, create and maintain market dominance and generate value for over two decades.