Exhibit 8.1

Gazit-Globe Ltd.

Subsidiaries



|                                |  |                                               |  |                                  
|------------------------------- |  | --------------------------------------------- |  | ---------------------------------
|Subsidary                       |  | 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 America, LLC                |  | Delaware                                      |  | MGN America, 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 South America, LP         |  | Delaware                                      |  | Gazit South America, LP          
|Gazit Senior Care, Inc.         |  | Florida                                       |  | Gazit Senior Care, Inc.          
|ProMed Properties, Inc.         |  | Delaware                                      |  | ProMed Properties, Inc.          
|Royal Senior Care, LLC          |  | Florida                                       |  | Royal Senior Care, LLC           
|RSC Ashford Court, LLC          |  | Florida                                       |  | RSC Ashford Court, LLC           
|RSC Jacksonville Beach, LLC     |  | Florida                                       |  | RSC Jacksonville Beach, LLC      
|RSC Atrium, LLC                 |  | Florida                                       |  | RSC Atrium, LLC                  
|RSC Boca, LLC                   |  | Florida                                       |  | RSC Boca, LLC                    
|RSC Presidential, LLC           |  | Florida                                       |  | RSC Presidential, LLC            
|RSC Hollywood, LLC              |  | Florida                                       |  | RSC Hollywood, LLC               
|RSC Oakleaf Greenville, LLC     |  | Florida                                       |  | RSC Oakleaf Greenville, LLC      
|RSC Greenville, LLC             |  | Florida                                       |  | RSC Greenville, LLC              
|RSC Oakleaf Lexington, LLC      |  | Florida                                       |  | RSC Oakleaf Lexington, LLC       
|RSC Lexington LLC               |  | Florida                                       |  | RSC Lexington LLC                
|RSC Remington, LLC              |  | Florida                                       |  | RSC Remington, LLC               
|RSC Conyers, LLC                |  | Florida                                       |  | RSC Conyers, LLC                 
|RSC Plantation, LLC             |  | Florida                                       |  | RSC Plantation, LLC              
|RSC Loganville, LLC             |  | Florida                                       |  | RSC Loganville, LLC              
|RSC Sandy Plains, LLC           |  | Florida                                       |  | RSC Sandy Plains, LLC            
|RSC Marietta, LLC               |  | Florida                                       |  | RSC Marietta, LLC                
|RSC Peachtree, LLC              |  | Florida                                       |  | RSC Peachtree, LLC               
|RSC Fayetteville, LLC           |  | Florida                                       |  | RSC Fayetteville, LLC            
|RSC Brookstone, LLC             |  | Florida                                       |  | RSC Brookstone, LLC              
|RSC Kennesaw, LLC               |  | Florida                                       |  | RSC Kennesaw, LLC                



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|                                      |  |                                               |  |                                      
|------------------------------------- |  | --------------------------------------------- |  | -------------------------------------
|Subsidary                             |  | Jurisdiction of Incorporation or Organization |  | Name Under Which Business is Done    
|RSC Heron East, LLC                   |  | Florida                                       |  | RSC Heron East, LLC                  
|RSC Sarasota HE, LLC                  |  | Florida                                       |  | RSC Sarasota HE, LLC                 
|RSC Heron House, LLC                  |  | Florida                                       |  | RSC Heron House, LLC                 
|RSC Sarasota HH, LLC                  |  | Florida                                       |  | RSC Sarasota HH, LLC                 
|RSC Lake Mary, LLC                    |  | Florida                                       |  | RSC Lake Mary, LLC                   
|Lake Mary Senior Living, LLC          |  | Florida                                       |  | Lake Mary Senior Living, LLC         
|RSC Gardens at Plantation, LLC        |  | Florida                                       |  | RSC Gardens at Plantation, LLC       
|RSC Aventura Sterling, LLC            |  | Florida                                       |  | RSC Aventura Sterling, LLC           
|RSC Aventura Parking, LLC             |  | Florida                                       |  | RSC Aventura Parking, LLC            
|RSC Sterling, LLC                     |  | Florida                                       |  | RSC Sterling, LLC                    
|RSC Palmer Club LLC                   |  | Florida                                       |  | RSC Palmer Club LLC                  
|RSC Sarasota PC LLC                   |  | Florida                                       |  | RSC Sarasota PC LLC                  
|Royal Senior Care Management, LLC     |  | Florida                                       |  | Royal Senior Care Management, LLC    
|RSC-JB Management, LLC                |  | Florida                                       |  | RSC-JB Management, LLC               
|RSC-BR Management, LLC                |  | Florida                                       |  | RSC-BR Management, LLC               
|RSC-HW Management, LLC                |  | Florida                                       |  | RSC-HW Management, LLC               
|RSC-GSC Management, LLC               |  | Florida                                       |  | RSC-GSC Management, LLC              
|RSC-LSC Management, LLC               |  | Florida                                       |  | RSC-LSC Management, LLC              
|RSC CGA, LLC                          |  | Florida                                       |  | RSC CGA, LLC                         
|RSC LGA, LLC                          |  | Florida                                       |  | RSC LGA, LLC                         
|RSC-MGA Management, LLC               |  | Florida                                       |  | RSC-MGA Management, LLC              
|RSC-FGA Management, LLC               |  | Florida                                       |  | RSC-FGA Management, LLC              
|RSC-KGA Management, LLC               |  | Florida                                       |  | RSC-KGA Management, LLC              
|RSC SaraHE Management, LLC            |  | Florida                                       |  | RSC SaraHE Management, LLC           
|RSC SaraHH Management, LLC            |  | Florida                                       |  | RSC SaraHH Management, LLC           
|RSC LM Management, LLC                |  | Florida                                       |  | RSC LM Management, LLC               
|RSC SaraPC Management, LLC            |  | Florida                                       |  | RSC SaraPC Management, LLC           
|RSC Aventura Sterling Management, LLC |  | Florida                                       |  | RSC Aventura Sterling Management, LLC
|ProMed Property Management, Inc.      |  | Florida                                       |  | ProMed Property Management, Inc.     
|ProMed Acquisition, Inc.              |  | Florida                                       |  | ProMed Acquisition, Inc.             
|ProMed HUMC, LLC                      |  | Delaware                                      |  | ProMed HUMC, LLC                     
|ProMed Kendall, LLC                   |  | Florida                                       |  | ProMed Kendall, LLC                  
|ProMed Kendall Parking, LLC           |  | Florida                                       |  | ProMed Kendall Parking, LLC          
|ProMed Market, LLC                    |  | Delaware                                      |  | ProMed Market, LLC                   
|ProMed Sunset, LLC                    |  | Florida                                       |  | ProMed Sunset, LLC                   
|ProMed Westchester 220-230, LLC       |  | Delaware                                      |  | ProMed Westchester 220-230, LLC      



2



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|                                         |  |                                               |  |                                         
|---------------------------------------- |  | --------------------------------------------- |  | ----------------------------------------
|Subsidary                                |  | Jurisdiction of Incorporation or Organization |  | Name Under Which Business is Done       
|ProMed Westchester 244, LLC              |  | Delaware                                      |  | ProMed Westchester 244, LLC             
|ProMed Westchester 250, LLC              |  | Delaware                                      |  | ProMed Westchester 250, LLC             
|ProMed Corinthian LLC                    |  | New York                                      |  | ProMed Corinthian LLC                   
|ProMed Tupper LLC                        |  | Delaware                                      |  | ProMed Tupper LLC                       
|ProMed Manhattan LLC                     |  | New York                                      |  | ProMed Manhattan LLC                    
|ProMed Biewend LLC                       |  | Delaware                                      |  | ProMed Biewend LLC                      
|Gazit Acquisition Corp.                  |  | Florida                                       |  | Gazit Acquisition Corp.                 
|Gazit Canada Inc.                        |  | Ontario, Canada                               |  | Gazit Canada Inc.                       
|Gazit 2003 Inc.                          |  | Ontario, Canada                               |  | Gazit 2003 Inc.                         
|First Capital Realty Inc.                |  | Ontario, Canada                               |  | First Capital Realty Inc.               
|Gazit Maple Inc.                         |  | Ontario, Canada                               |  | Gazit Maple Inc.                        
|Gazit America Inc.                       |  | Ontario, Canada                               |  | Gazit America Inc.                      
|Gazit Energy Inc.                        |  | Ontario, Canada                               |  | Gazit Energy Inc.                       
|Gazit Acquisition Inc.                   |  | Ontario, Canada                               |  | Gazit Acquisition Inc.                  
|Gazit Energy Limited Partnership         |  | Ontario, Canada                               |  | Gazit Energy Limited Partnership        
|Gazit Europe (Netherlands)               |  | The Netherlands                               |  | Gazit Europe (Netherlands)              
|Gazit Europe (Asia)                      |  | The Netherlands                               |  | Gazit Europe (Asia)                     
|Citycon Oyj.                             |  | Finland                                       |  | Citycon Oyj.                            
|Gazit Midas Limited                      |  | Jersey, Channel Islands                       |  | Gazit Midas Limited                     
|Gazit Gaia Limited                       |  | Jersey, Channel Islands                       |  | Gazit Gaia Limited                      
|Gazit CPI Holdings Limited               |  | Jersey, Channel Islands                       |  | Gazit CPI Holdings Limited              
|Biking Home B.V.                         |  | The Netherlands                               |  | Biking Home B.V.                        
|Atrium European Real Estate Limited      |  | Jersey Island                                 |  | Atrium European Real Estate Limited     
|Gazit Germany Beteiligungs GmbH & Co. KG |  | Germany                                       |  | Gazit Germany Beteiligungs GmbH & Co. KG
|Gazit Germany Development GmbH           |  | Germany                                       |  | Gazit Germany Development GmbH          
|Gazit Germany Asset Management GmbH      |  | Germany                                       |  | Gazit Germany Asset Management GmbH     
|VELAYA Vermögensverwaltung mbH           |  | Germany                                       |  | VELAYA Vermögensverwaltung mbH          
|Gazit Immobilien Tonndorf GmbH           |  | Germany                                       |  | Gazit Immobilien Tonndorf GmbH          
|TONDO Projektentwicklungs GmbH & Co. KG  |  | Germany                                       |  | TONDO Projektentwicklungs GmbH & Co. KG 
|Gazit Tonndorf Komplementär GmbH         |  | Germany                                       |  | Gazit Tonndorf Komplementär GmbH        
|Gazit Immobilien Wentorf GmbH            |  | Germany                                       |  | Gazit Immobilien Wentorf GmbH           
|Casinopark Wentorf GmbH & Co. KG         |  | Germany                                       |  | Casinopark Wentorf GmbH & Co. KG        
|Gazit Wentorf Komplementär GmbH          |  | Germany                                       |  | Gazit Wentorf Komplementär GmbH         
|cor F Erste GmbH & Co.. KG               |  | Germany                                       |  | cor F Erste GmbH & Co.. KG              



3



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|                                                                                                    |  |                                               |  |                                                                                                    
|--------------------------------------------------------------------------------------------------- |  | --------------------------------------------- |  | ---------------------------------------------------------------------------------------------------
|Subsidary                                                                                           |  | Jurisdiction of Incorporation or Organization |  | Name Under Which Business is Done                                                                  
|mertus 85. GmbH                                                                                     |  | Germany                                       |  | mertus 85. GmbH                                                                                    
|mertus 75. GmbH                                                                                     |  | Germany                                       |  | mertus 75. GmbH                                                                                    
|Gazit Immobilien Grevenbroich GmbH                                                                  |  | Germany                                       |  | Gazit Immobilien Grevenbroich GmbH                                                                 
|Gazit Immobilien Grevenbroich GmbH & Co. KG                                                         |  | Germany                                       |  | Gazit Immobilien Grevenbroich GmbH & Co. KG                                                        
|Gazit Grevenbroich Komplementär GmbH                                                                |  | Germany                                       |  |                                                                                                    
|Gazit Immobilien Motorama München GmbH                                                              |  | Germany                                       |  | Gazit Immobilien Motorama München GmbH                                                             
|Motorama München GmbH & Co. KG                                                                      |  | Germany                                       |  | Motorama München GmbH & Co. KG                                                                     
|Motorama München Komplementär GmbH                                                                  |  | Germany                                       |  | Motorama München Komplementär GmbH                                                                 
|Gazit Immobilien Berlin-Kladow GmbH                                                                 |  | Germany                                       |  | Gazit Immobilien Berlin-Kladow GmbH                                                                
|K.O.O.P. Bauplanungs- und Entwicklungsgesellschaft mit beschränkter Haftung & Co. Eichelmatenweg KG |  | Germany                                       |  | K.O.O.P. Bauplanungs- und Entwicklungsgesellschaft mit beschränkter Haftung & Co. Eichelmatenweg KG
|Gazit Berlin-Kladow Komplementär GmbH                                                               |  | Germany                                       |  | Gazit Berlin-Kladow Komplementär GmbH                                                              
|Gazit Immobilien Kaltenkirchen GmbH                                                                 |  | Germany                                       |  | Gazit Immobilien Kaltenkirchen GmbH                                                                
|Gazit Immobilien Kaltenkirchen GmbH & Co. KG                                                        |  | Germany                                       |  | Gazit Immobilien Kaltenkirchen GmbH & Co. KG                                                       
|Gazit Kaltenkirchen Komplementär GmbH                                                               |  | Germany                                       |  | Gazit Kaltenkirchen Komplementär GmbH                                                              
|Gazit Immobilien Friedrichsdorf GmbH                                                                |  | Germany                                       |  | Gazit Immobilien Friedrichsdorf GmbH                                                               
|Gazit 1. Immobilien Friedrichsdorf GmbH & Co. KG                                                    |  | Germany                                       |  | Gazit 1. Immobilien Friedrichsdorf GmbH & Co. KG                                                   
|Gazit 2. Immobilien Friedrichsdorf GmbH & Co. KG                                                    |  | Germany                                       |  | Gazit 2. Immobilien Friedrichsdorf GmbH & Co. KG                                                   
|Gazit Friedrichsdorf Komplementär GmbH                                                              |  | Germany                                       |  | Gazit Friedrichsdorf Komplementär GmbH                                                             
|Gazit Immobilien Gütersloh GmbH                                                                     |  | Germany                                       |  | Gazit Immobilien Gütersloh GmbH                                                                    
|Gazit 1. Immobilien Gütersloh GmbH & Co. KG                                                         |  | Germany                                       |  | Gazit 1. Immobilien Gütersloh GmbH & Co. KG                                                        
|Gazit Gütersloh Komplementär GmbH                                                                   |  | Germany                                       |  | Gazit Gütersloh Komplementär GmbH                                                                  
|Gazit Immobilien Fachmarktzentrum Groß Gerau GmbH                                                   |  | Germany                                       |  | Gazit Immobilien Fachmarktzentrum Groß Gerau GmbH                                                  
|GG 1 Immobilien GmbH & Co. KG                                                                       |  | Germany                                       |  | GG 1 Immobilien GmbH & Co. KG                                                                      
|GG 2 Immobilien GmbH & Co. KG                                                                       |  | Germany                                       |  | GG 2 Immobilien GmbH & Co. KG                                                                      
|Gazit Immobilien Groß Gerau Komplementär GmbH                                                       |  | Germany                                       |  | Gazit Immobilien Groß Gerau Komplementär GmbH                                                      
|VUSKA Vermögensverwaltungs-gesellschaft mbH                                                         |  | Germany                                       |  | VUSKA Vermögensverwaltungs-gesellschaft mbH                                                        
|Gazit 7. Immobilien GmbH                                                                            |  | Germany                                       |  | Gazit 7. Immobilien GmbH                                                                           
|Gazit 11. Immobilien GmbH                                                                           |  | Germany                                       |  | Gazit 11. Immobilien GmbH                                                                          
|Gazit Brasil Ltda.                                                                                  |  | Sao Paulo, Brazil                             |  | Gazit Brasil Ltda.                                                                                 
|Morumbi Town Center Empreendimentos Imobiliários Ltda.                                              |  | Sao Paulo, Brazil                             |  | Morumbi Town Center Empreendimentos Imobiliários Ltda.                                             



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|                                                       |  |                                               |  |                                                       
|------------------------------------------------------ |  | --------------------------------------------- |  | ------------------------------------------------------
|Subsidary                                              |  | Jurisdiction of Incorporation or Organization |  | Name Under Which Business is Done                     
|Shopping Caxias Empreendimentos Imobiliários Ltda.     |  | Sao Paulo, Brazil                             |  | Shopping Caxias Empreendimentos Imobiliários Ltda.    
|Zeed Empreendimentos Imobiliários Ltda.                |  | Sao Paulo, Brazil                             |  | Zeed Empreendimentos Imobiliários Ltda.               
|Gazit Corporate Empreendimentos Imobiliários Ltda.     |  | Sao Paulo, Brazil                             |  | Gazit Corporate Empreendimentos Imobiliários Ltda.    
|Nidas Empreendimentos Imobiliários Ltda.               |  | Sao Paulo, Brazil                             |  | Nidas 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.
|Clavas Empreendimentos Imobiliários Ltda.              |  | Sao Paulo, Brazil                             |  | Clavas Empreendimentos Imobiliários Ltda.             
|Ganaz Empreendimentos Imobiliários Ltda.               |  | Sao Paulo, Brazil                             |  | Ganaz Empreendimentos Imobiliários Ltda.              
|Gazit Globe Mauritius                                  |  | Port Louis, Mauritius                         |  | Gazit Globe Mauritius                                 
|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.                      
|U. Dori Group Ltd.                                     |  | Israel                                        |  | U. Dori Group Ltd.                                    
|U. Dori Building Ltd.                                  |  | Israel                                        |  | U. Dori Building Ltd.                                 
|U. Dori Infrastructure & Energy Ltd.                   |  | Israel                                        |  | U. Dori Infrastructure & Energy Ltd.                  
|I.T.R. Don Ltd.                                        |  | Israel                                        |  | I.T.R. Don Ltd.                                       
|Heart of the Gulf Ltd.                                 |  | Israel                                        |  | Heart of the Gulf Ltd.                                
|Heart of the Gulf Assets (1994) Ltd.                   |  | Israel                                        |  | Heart of the Gulf Assets (1994) Ltd.                  
|Brookstone Finance Ltd.                                |  | Israel                                        |  | Brookstone Finance Ltd.                               
|Dobson Holdings Ltd.                                   |  | Israel                                        |  | Dobson Holdings Ltd.                                  
|Dori Construction & Engineering (Nig) Ltd.             |  | Israel                                        |  | Dori Construction & Engineering (Nig) Ltd.            
|GLE Asset Management Ltd.                              |  | Israel                                        |  | GLE 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. M Area Real Estate & Building Ltd.                  |  | Israel                                        |  | G. M Area Real Estate & Building Ltd.                 
|G-Netherlands B.V.                                     |  | The Netherlands                               |  | G-Netherlands B.V.                                    
|G-Bulgaria EAD                                         |  | Bulgaria                                      |  | G-Bulgaria EAD                                        



5



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|                          |  |                                               |  |                                  
|------------------------- |  | --------------------------------------------- |  | ---------------------------------
|Subsidary                 |  | Jurisdiction of Incorporation or Organization |  | Name Under Which Business is Done
|G- Macedonia AD           |  | Macedonia                                     |  | G- Macedonia AD                  
|Plovdiv Retail Center EAD |  | Bulgaria                                      |  | Plovdiv Retail Center EAD        
|Trident AD                |  | Bulgaria                                      |  | Trident AD                       



6