LONDON (Alliance News) - Brack Capital Real Estate Investments NV said Thursday it has completed two major development projects since October, and has made "important and meaningful progress" in its 90 Morton development.
Brack Capital said it completed a major ground-up development of an InterContinental's Indigo hotel in Manhattan's Lower East Side in November, after having purchased a large and notable asset located at 720 West End Avenue in Manhattan's Upper West Side, for approximately USD109.0 million in October.
The group said it has also made "important and meaningful progress" in its 90 Morton development, as well as selling Fountain Court in Manchester in January.
Shares in Brack closed up 4.9% at EUR0.970 on Thursday.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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