Source - RNS
RNS Number : 7924L
Brack Capital Real Estate Inv N.V
05 October 2016
 

5 October 2016

BCRE - Brack Capital Real Estate Investments N.V.

 

("BCRE" or the "Company")

 

Subsidiary announces the completion of a transaction

 

Further to the announcement on 11 July 2016, regarding the entry into a notarized sale agreement for the purchase of 173 residential units in Dortmund, Germany for a total consideration of EUR 8.2 million (including related transaction costs) by the Company's subsidiary Brack Capital Properties N.V. ("BCRE Germany"), whose shares are traded on the Tel Aviv Stock Exchange ("TASE"), the Company is pleased to announce that BCRE Germany has published that the transaction was completed on 1 October 2016.

 

For ease of reference, the uncertified English translation of the announcement together with the original announcement which was published on the TASE in Hebrew, is available on the Company's website www.brack-capital.com.

 

ENQUIRIES:

 

BCRE - Brack Capital Real Estate Investments N.V.


Ariel Podrojski, Chief Executive Officer


Nansia Koutsou, Chief Financial Officer / Chief Operating Officer

+31 20 514 1004



Novella Communications


Tim Robertson


Toby Andrews

+44 203 151 7008

 

About BCRE

 

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany and Russia.

 

The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 550 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam and Limassol.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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