12 Aug 2015 07:00
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Supreme State Court approval for the acquisition of the residential building in the Upper West Side, Manhattan, New York
Following previous announcements, the Company is pleased to announce that the Supreme State Court has provided its approval for the acquisition by BCRE USA, the Company's US subsidiary, of the residential building in the Upper West Side of Manhattan, New York (the "Transaction"). The building has a gross internal area of c.240,000 sq ft. The parties will now proceed to the closing of the Transaction, which is scheduled to take place in about 90 days. The Company will make a further announcement once the Transaction is completed.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V. |
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Ariel Podrojski, Chief Executive Officer |
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Nansia Koutsou, Chief Financial Officer | +31 20 514 1004 |
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Novella Communications |
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Tim Robertson |
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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.