Gazit-Globe Announces Sale of Common Shares of First Capital Realty Inc. |NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES | TEL-AVIV, Israel , April 11, 2019 |CNW| - Gazit-Globe Ltd. (TASE: GZT) ("Gazit-Globe" or the "Company"), a leading global real estate company focused on the ownership, management and development of retail and mixed use properties in urban markets, announces today that it has completed its previously announced sale of 22,000,000 common shares (the "Shares") of First Capital Realty Inc. ("First Capital Realty"). The Shares were indirectly sold by the Company through its wholly-owned subsidiary, Gazit Canada Inc. ("Gazit Canada"), in a secondary offering on a "bought deal" basis to a syndicate of underwriters in each of the Provinces of Canada pursuant to a short form prospectus of First Capital Realty dated March 13, 2019 (the "Secondary Offering"). The Shares were sold at a price of $20.60 per Share for total gross proceeds to the Company of approximately $453 million . The Shares sold by the Company represent approximately 8.6% of the issued and outstanding Shares of First Capital Realty.