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Increased Investment in Subsidiary

Wed, 3rd Dec 2014 07:00

RNS Number : 6664Y
Brack Capital Real Estate Inv N.V
03 December 2014

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BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Increased investment in subsidiary

BCRE is pleased to announce that it continues to increase its stake in its subsidiary, Brack Capital Properties N.V ("BCP"), and has acquired 25,000 shares through an off market transaction at a price of NIS 227 per share, taking it's holding to 34.53% of the BCP's issued share capital. BCP is the real estate investment platform of BCRE in Germany with shares traded on the TASE.

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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