2 Dec 2016 12:30
2 December 2016
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Expected revised terms of convertible loan notes
Further to its announcement of 16 November 2016, the Company announces that it has reached an understanding with the lenders under the convertible loan agreements of 24 December 2014 in the aggregate amount of €16,800,000, to further extend the maturity date and amend the conversion price of the convertible loan notes. The Company will make a further announcement once the agreement is signed.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V. | |
Ariel Podrojski, Chief Executive Officer | |
Nansia Koutsou, Chief Financial Officer / Chief Operating Officer | +31 20 514 1004 |
Novella Communications | |
Tim Robertson | |
Toby Andrews
| +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 and Russia.
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 550 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Dusseldorf, Moscow, Kazan, New Delhi, Amsterdam and Limassol.