TEL-AVIV, Israel, Dec. 04, 2019 (GLOBE NEWSWIRE) -- Gazit Globe (TASE: GZT) (the "Company"), a leading global real estate company focused on the ownership, management and development of income-producing properties located in densely populated urban areas, announced today that its wholly owned subsidiary has entered into an agreement, along with its recently announced Canadian partnership with Dori Segal ("Gazit TripLLLe Canada"), to acquire York Mills Centre in Toronto Canada, for approximately CAD $250 million (at a 100% interest in the property, including transaction costs). The Company is acquiring York Mills Centre through a joint venture, in which the Company and Gazit TripLLLe Canada collectively will acquire 66.7% of the property (33.3% by the Company and 33.3% by Gazit TripLLLe Canada) and the remaining approximately 33.3% will be acquired by a privately held Toronto based real estate investment firm.