11 Oct 2018 12:30
This announcement contains inside information within the meaning of the Market Abuse Regulation (EU) (No 596/2014).
11 October 2018
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Sale of Orchard project completed
Further to the announcement on 11 June 2018, the Company is pleased to announce the completion of the transaction with regards to the sale of its holding in Hotel Indigo Lower East Side New York to MRR Development for a price of USD 162.5 million.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V. | |
Nansia Koutsou, Co-Chief Executive Officer | |
Shai Shamir, Co-Chief Executive Officer | |
Yiannis Peslikas, Chief Financial 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 and 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, Moscow, Amsterdam and Limassol.
BCRE.L (BCRE)