LONDON, December 1, 2016 /PRNewswire/ --
BCRE - Brack Capital Real Estate
Investments N.V.
("BCRE" or the "Company")
Subsidiary announces the completion of a transaction
Further to the announcement on 26
September 2016, regarding the entry into a notarized sale
agreement for the sale of the entire holdings in four asset
companies by the Company's subsidiary Brack Capital Properties N.V.
("BCRE Germany"), whose shares are traded on the Tel Aviv
Stock Exchange ("TASE"), the Company is pleased to announce
that BCRE Germany has published that the transaction was completed
on 30 November 2016.
For ease of reference, the uncertified English translation of
the announcement together with the original announcement which was
published on the TASE in Hebrew, is available on the Company's
website www.brack-capital.com.
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.
This is a disclosure announcement from PR Newswire.