Gazit-Globe completes sale of common shares of First Capital Realty

On March 22, 2017, Gazit-Globe Ltd. ("Gazit-Globe") announced that it completed its previously-announced sale of 9,000,000 common shares of First Capital Realty Inc. ("First Capital Realty"). The shares were indirectly sold by Gazit-Globe through its wholly-owned subsidiary, Gazit Canada Inc., on a "bought deal" basis, at a price of C$20.60 per share to a syndicate of underwriters for total gross proceeds to Gazit-Globe of approximately C$185 million.

Gazit-Globe has also granted the underwriting syndicate an over-allotment option, exercisable in whole or in part at any time up to 30 days after closing of the secondary offering, to purchase up to an additional 1,350,000 shares at the offering price.

Gazit-Globe is a global owner, developer and operator of high quality necessity-driven supermarket-anchored retail properties in urban markets. As of September 30, 2016, Gazit-Globe, owns and operates 427 properties in more than 20 countries, with a gross leasable area of approximately 70 million square feet and a total value of approximately US$22 billion.

First Capital Realty is one of Canada's largest owners, developers and managers of grocery anchored, retail-focused urban properties, with interests in 160 properties, totaling approximately 25.3 million square feet of gross leasable area.

Further information can be found on Marketwired's website.