24 Nov 2017 16:00
24 November 2017
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Notice of early repayment of loan
The Company announces that the Board of Directors of BCRE has resolved to early repay the whole outstanding principal amount of around $21.8m under the Loan Agreement dated 27 November 2013 (series B) between the Company and a group of lenders before the end of the year.
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 in the markets it operates.
The Company has established local management team platforms with significant local market expertise. At present, the Company has offices and teams in New York, London, Moscow, Kazan, New Delhi, Amsterdam and Limassol.