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Pin to quick picksBcre - Brack Capital Real Estate Investments N.v. Regulatory News (BCRE)

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Acquisition

Mon, 3rd Nov 2014 07:00

RNS Number : 9149V
Brack Capital Real Estate Inv N.V
03 November 2014

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BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Subsidiary announces purchase of 308 residential units in Dortmund, Germany

Further to the Company's announcement on 26 August 2014, regarding the exchange of contracts for the purchase of a portfolio of 308 residential units in Dortmund, Germany (the "Transaction") by Brack Capital Properties N.V ("BCP"), the real estate investment platform of the Company in Germany, whose shares are traded on the TASE. The Company is pleased to announce that BCP, has now completed the transaction.

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.

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