27th Feb 2015 12:00
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Announcement regarding agreement in principle with Dusseldorf municipality to change the zoning of the mixed use income-producing property
Following the Company's announcement on 1 September 2014 regarding the purchase of a number of residential and office buildings in Düsseldorf, Germany by Brack Capital Properties N.V. ("BCP"), a subsidiary of the Company, whose shares are traded on TASE. The Company is pleased to announce that BCP has reached a preliminary agreement with Düsseldorf municipality for the rezoning of the mixed use income-producing property.
For ease of reference, the uncertificated English translation of the announcement, which was published on the TASE is available on the Company's website: www.brack-capital.com.
ENQUIRIES:
BCRE-Brack Capital Real Estate Investment 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