TEL-AVIV, ISRAEL-Gazit-Globe, one of the world’s top multi-national real estate companies focused on supermarket-anchored shopping centers, has closed its public offering of 10,439,020 shares on the Tel-Aviv Stock Exchange, with a closing price of approximately $13.25 (NIS 47.9) per share.

The proceeds, approximately $138 million (NIS 500M), are intended for use for general corporate purposes and to reduce outstanding lines of credit, the company said in a statement.

 “The successful completion of this offering reflects our ongoing commitment to strengthen our balance sheet and increase the liquidity of our shares. This equity raise, together with our $238 million (NIS 860 million) long-term debt raise last week, provides our company with great flexibility to take advantage of growth opportunities in global real estate markets,” said Roni Soffer, president of Gazit-Globe.

The underwriters syndicate was led by Clal Finance and Leader Capital Markets and included Discount Capital Markets & Investments, Poalim IBI, Leumi Partners, and Meitav.

Gazit-Globe is one of the largest owners and operators of supermarket-anchored shopping centers in the world. In addition, the Company is active in North America in the healthcare real estate sector. Gazit-Globe is listed on the New York Stock Exchange (NYSE:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel. Gazit Globe owns and operates more than 600 properties in more than 20 countries, with a gross leasable area of more than 73 million square feet, (6.8 million sqm) and a total value of more than $20 billion.