Exhibit 8.1



|Subsidiary                                            |  | Jurisdiction of
        Incorporation or
        Organization |  | Name
        Under Which
        Business
        is Done
|----------------------------------------------------- |  | ------------------------------------------------------------- |  | ---------------------------------------------------------
|Equity
    One, Inc.                                  |  | Maryland                                                      |  | Equity
    One, Inc.                                     
|MGN
    (USA), Inc.                                   |  | Nevada                                                        |  | MGN
    (USA), Inc.                                      
|MGN
    USA (2016) LLC                                |  | Delaware                                                      |  | MGN
    USA (2016) LLC                                   
|MGN
    America, LLC                                  |  | Delaware                                                      |  | MGN
    America, LLC                                     
|MGN
    America (2016) LLC                            |  | Delaware                                                      |  | MGN
    America (2016) LLC                               
|Gazit
    (1995), Inc.                                |  | Nevada                                                        |  | Gazit
    (1995), Inc.                                   
|Gazit
    First Generation LLC                        |  | Delaware                                                      |  | Gazit
    First Generation LLC                           
|Gazit
    Group USA, Inc.                             |  | Florida                                                       |  | Gazit
    Group USA, Inc.                                
|MGN
    Icarus, LLC                                   |  | Florida                                                       |  | MGN
    Icarus, LLC                                      
|Gazit
    Group South America, Inc.                   |  | Nevada                                                        |  | Gazit
    Group South America, Inc.                      
|Gazit
    Brasil, LP                                  |  | Delaware                                                      |  | Gazit
    Brasil, LP                                     
|Gazit
    Acquisition Corp.                           |  | Florida                                                       |  | Gazit
    Acquisition Corp.                              
|ProMed
    Properties, Inc.                           |  | Delaware                                                      |  | ProMed
    Properties, Inc.                              
|ProMed
    Property Management, Inc.                  |  | Florida                                                       |  | ProMed
    Property Management, Inc.                     
|ProMed
    Manhattan LLC                              |  | New
    York                                                  |  | ProMed
    Manhattan LLC                                 
|Gazit
    Group Financial, LLC                        |  | Delaware                                                      |  | Gazit
    Group Financial, LLC                           
|Silver
    Maple (2001), Inc.                         |  | Delaware                                                      |  | Silver
    Maple (2001), Inc.                            
|Ficus,
    Inc.                                       |  | Delaware                                                      |  | Ficus,
    Inc.                                          
|Gazit
    Canada Inc.                                 |  | Ontario, Canada                                               |  | Gazit
    Canada Inc.                                    
|First
    Capital Realty Inc.                         |  | Ontario,
    Canada                                           |  | First
    Capital Realty Inc.                            
|Gazit
    America Inc.                                |  | Ontario,
    Canada                                           |  | Gazit
    America Inc.                                   
|Gazit
    Canada Investment Limited Partnership       |  | Ontario,
    Canada                                           |  | Gazit
    Canada Investment Limited Partnership          
|Gazit
    Canada Financial Inc.                       |  | Ontario,
    Canada                                           |  | Gazit
    Canada Financial Inc.                          
|Gazit
    Europe (Netherlands) B.V                    |  | The Netherlands                                               |  | Gazit
    Europe (Netherlands)                           
|Gazit
    Europe (Asia) B.V.                          |  | The
    Netherlands                                           |  | Gazit
    Europe (Asia)                                  
|Hollywood
    Properties Ltd.                         |  | Cayman
    Islands                                            |  | Hollywood
    Properties Ltd.                            
|Citycon
    Oyj.                                      |  | Finland                                                       |  | Citycon
    Oyj.                                         
|Atrium
    European Real Estate Limited               |  | Jersey
    Island                                             |  | Atrium
    European Real Estate Limited                  
|Gazit
    Midas Limited                               |  | Jersey
    Island                                             |  | Gazit
    Midas Limited                                  
|Gazit
    Gaia Limited                                |  | Jersey
    Island                                             |  | Gazit
    Gaia Limited                                   
|Gazit
    Germany Beteiligungs GmbH & Co. KG          |  | Germany                                                       |  | Gazit
    Germany Beteiligungs GmbH & Co. KG             
|Gazit
    Germany Asset Management GmbH               |  | Germany                                                       |  | Gazit
    Germany Asset Management GmbH                  
|VELAYA
     Vermögensverwaltungsgesellschaft mbH      |  | Germany                                                       |  | VELAYA
     Vermögensverwaltungsgesellschaft mbH         
|Gazit
    Immobilien Wentorf GmbH                     |  | Germany                                                       |  | Gazit
    Immobilien Wentorf GmbH                        
|Gazit
    Wentorf Komplementär GmbH                   |  | Germany                                                       |  | Gazit
    Wentorf Komplementär GmbH                      
|Gazit
    Grevenbroich Komplementär GmbH              |  | Germany                                                       |  | Gazit
    Grevenbroich Komplementär GmbH                 
|Gazit
    Immobilien Motorama München GmbH            |  | Germany                                                       |  | Gazit
    Immobilien Motorama München GmbH               
|Gazit
    Gütersloh Komplementär GmbH                 |  | Germany                                                       |  | Gazit
    Gütersloh Komplementär GmbH                    
|Motorama
    München Komplementär GmbH                |  | Germany                                                       |  | Motorama
    München Komplementär GmbH                   
|Gazit
    Immobilien Friedrichsdorf GmbH              |  | Germany                                                       |  | Gazit
    Immobilien Friedrichsdorf GmbH                 
|Gazit
    Immobilien Gütersloh GmbH                   |  | Germany                                                       |  | Gazit
    Immobilien Gütersloh GmbH                      
|Gazit
    Immobilien Fachmarktzentrum Groß Gerau GmbH |  | Germany                                                       |  | Gazit
    Immobilien Fachmarktzentrum Groß Gerau GmbH    
|Gazit
    Germany Grvenbroich GmbH                    |  | Germany                                                       |  | Gazit
    Germany Grvenbroich                            
|Motorama
    München GmbH & Co. KG                    |  | Germany                                                       |  | Motorama
    München GmbH & Co. KG                       
|Gazit
    Immobilien Grevenbroich GmbH & Co. KG       |  | Germany                                                       |  | Gazit
    Immobilien Grevenbroich GmbH & Co. KG          













|Casinopark
    Wentorf GmbH & Co. KG                                         |  | Germany               |  | Casinopark
    Wentorf GmbH & Co. KG                                        
|---------------------------------------------------------------------------- |  | --------------------- |  | ----------------------------------------------------------------------------
|Gazit
    Immobilien Gütersloh GmbH & Co. KG                                 |  | Germany               |  | Gazit
    Immobilien Gütersloh GmbH & Co. KG                                
|Gazit
    Immobilien Groß Gerau Komplementär GmbH                            |  | Germany               |  | Gazit
    Immobilien Groß Gerau Komplementär GmbH                           
|GG1
    Immobilien GmbH & Co. KG                                             |  | Germany               |  | GG1
    Immobilien GmbH & Co. KG                                            
|GG2
    Immobilien GmbH & Co. KG                                             |  | Germany               |  | GG2
    Immobilien GmbH & Co. KG                                            
|Gazit
    Brasil Ltda.                                                       |  | Sao Paulo, Brazil     |  | Gazit
    Brasil Ltda.                                                      
|Shopping
    Caxias Empreendimentos Imobiliários Ltda.                       |  | Sao
    Paulo, Brazil |  | Shopping
    Caxias Empreendimentos Imobiliários Ltda.                      
|Glow
    Comercializadora de Energia Ltda                                    |  | Sao
    Paulo, Brazil |  | Glow
    Comercializadora de Energia Ltda                                   
|Gazit
    Corporate Empreendimentos Imobiliários Ltda.                       |  | Sao
    Paulo, Brazil |  | Gazit
    Corporate Empreendimentos Imobiliários Ltda.                      
|Chamam
    Empreendimentos Imobiliários Ltda.                                |  | Sao
    Paulo, Brazil |  | Chamam
    Empreendimentos Imobiliários Ltda.                               
|Gazit
    Participações Empreendimentos Imobiliários Ltda.                   |  | Sao
    Paulo, Brazil |  | Gazit
    Participações Empreendimentos Imobiliários Ltda.                  
|Yaalom
    Imobiliária Adm de Imóveis e Cred Imobiliários Ltda               |  | Sao
    Paulo, Brazil |  | Yaalom
    Imobiliária Adm de Imóveis e Cred Imobiliários Ltda              
|Zahav
    Empreendimentos Imobiliários Ltda.                                 |  | Sao
    Paulo, Brazil |  | Zahav
    Empreendimentos Imobiliários Ltda.                                
|FIM
    Norstar - Fundo de Investimento Multimercado Norstar Credito Privado |  | Sao
    Paulo, Brazil |  | FIM
    Norstar - Fundo de Investimento Multimercado Norstar Credito Privado
|FII
    Shopping Light - Fundo de Investimento Imobiliário Shopping Light    |  | Sao
    Paulo, Brazil |  | FII
    Shopping Light - Fundo de Investimento Imobiliário Shopping Light   
|FII
    Top Center - Top Center Fundo de Investimento Imobiliário            |  | Sao
    Paulo, Brazil |  | FII
    Top Center - Top Center Fundo de Investimento Imobiliário           
|FII
    Mais Shopping - Mais Shopping Fundo de Investimento Imobiliário      |  | Sao
    Paulo, Brazil |  | FII
    Mais Shopping - Mais Shopping Fundo de Investimento Imobiliário     
|FII
    Morumbi Town - Fundo de Investimento Imobiliário Morumbi Town I      |  | Sao
    Paulo, Brazil |  | FII
    Morumbi Town - Fundo de Investimento Imobiliário Morumbi Town I     
|FII
    JK Town - JK Town Fundo de Investimento Imobiliário I                |  | Sao
    Paulo, Brazil |  | FII
    JK Town - JK Town Fundo de Investimento Imobiliário I               
|FII
    Cidade Jardim - Algarves Fundo de Investimento Imobiliário           |  | Sao
    Paulo, Brazil |  | FII
    Cidade Jardim - Algarves Fundo de Investimento Imobiliário          
|Ganaz
    Empreendimentos Imobiliários Ltda.                                 |  | Sao
    Paulo, Brazil |  | Ganaz
    Empreendimentos Imobiliários Ltda.                                
|Beit
    Derech Hashlom Ltd.                                                 |  | Israel                |  | Beit
    Derech Hashlom Ltd.                                                
|Gazit
    Globe Holdings (1992) , Ltd.                                       |  | Israel                |  | Gazit
    Globe Holdings (1992) , Ltd.                                      
|Gazit-
    Globe Israel (Development) Ltd.                                   |  | Israel                |  | Gazit-
    Globe Israel (Development) Ltd.                                  
|Acad
    Building & Investments Ltd.                                         |  | Israel                |  | Acad
    Building & Investments Ltd.                                        
|Acad
    Supply & Assets (1979) Ltd.                                         |  | Israel                |  | Acad
    Supply & Assets (1979) Ltd.                                        
|Bay
    Heart Ltd.                                                           |  | Israel                |  | Bay
    Heart Ltd.                                                          
|Bay
    Heart Assets (1994) Ltd.                                             |  | Israel                |  | Bay
    Heart Assets (1994) Ltd.                                            
|GLA
    Asset Management Ltd.                                                |  | Israel                |  | GLA
    Asset Management Ltd.                                               
|G
    Israel Commercial Centers Ltd.                                         |  | Israel                |  | G
    Israel Commercial Centers Ltd.                                        
|G
    Kfar Saba Ltd.                                                         |  | Israel                |  | G
    Kfar Saba Ltd.                                                        
|G
    West Ltd.                                                              |  | Israel                |  | G
    West Ltd.                                                             
|G.
    Globe Development, Ltd.                                               |  | Israel                |  | G.
    Globe Development, Ltd.                                              
|Golden
    Oak Inc.                                                          |  | Cayman
    Islands    |  | Golden
    Oak                                                              
|G-Netherlands
    B.V.                                                       |  | The
    Netherlands   |  | G-Netherlands
    B.V.                                                      
|G-Bulgaria
    EAD                                                           |  | Bulgaria              |  | G-Bulgaria
    EAD                                                          
|G-
    Macedonia AD                                                          |  | Macedonia             |  | G-
    Macedonia AD                                                         
|Plovdiv
    Retail Center EAD                                                |  | Bulgaria              |  | Plovdiv
    Retail Center EAD                                               
|Trident
    AD                                                               |  | Bulgaria              |  | Trident
    AD                                                              
|Gazit
    Hercules Limited                                                   |  | Jersey
    Islands    |  | Gazit
    Hercules Limited                                                  
|Gazit
    Poseidon Limited                                                   |  | Jersey
    Islands    |  | Gazit
    Poseidon Limited