Brack Capital Real Estate Inv N.V Subsidiary refinances loan facilities (1548T)
January 03 2017 - 2:00AM
UK Regulatory
TIDMBCRE
RNS Number : 1548T
Brack Capital Real Estate Inv N.V
03 January 2017
3 January 2017
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Subsidiary announces refinancing of loan facilities
The Company is pleased to announce that the Company's subsidiary
Brack Capital Properties N.V. ("BCRE Germany"), whose shares are
traded on the Tel Aviv Stock Exchange ("TASE"), announced the
refinancing of four loan facilities, amounting to approximately EUR
42 million, obtained from two different German banks. The new
facility, amounting to approximately EUR 56 million, has a 7 year
term.
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 +31 20 514
Officer / Chief Operating Officer 1004
Novella Communications
Tim Robertson
+44 203 151
Toby Andrews 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, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam and
Limassol.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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