2nd Jan 2015 11:30
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Completion of Transaction by a Subsidiary
This is further to the announcement on 17 September 2014, regarding the exchange of contracts for the purchase of a portfolio of 267 residential units by the Company's German subsidiary, Brack Capital Properties N.V ("BCP"). The Company is pleased to announce that BCP has now completed this transaction. BCP is listed on the TASE and is the real estate investment platform of BCRE in Germany.
For ease of reference, we have provided an uncertificated English translation of the announcement, which was published on TASE in Hebrew, on the Company website www.brack-capital.com.
ENQUIRIES:
BCRE-Brack Capital Real Estate Investments N.V. | |
Ariel Podrojski, Chief Executive Officer | |
Nansia Koutsou, Chief Financial Officer | +31 20 514 1004 |
Novella Communications | |
Tim Robertson | |
Ben Heath | +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, Russia, India and the UK.
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 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.
Related Shares:
BCRE.L