Brack Capital Real Estate Inv N.V BCRE enters into agreement to sell Bowery project (4415J)
March 29 2018 - 7:00AM
UK Regulatory
TIDMBCRE
RNS Number : 4415J
Brack Capital Real Estate Inv N.V
29 March 2018
This announcement contains inside information within the meaning
of the Market Abuse Regulation (EU) (No 596/2014).
29 March 2018
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
BCRE enters into an agreement to sell Bowery project
Further to the announcement on 6 February 2018 regarding BCRE's
strategic plan, the Company is pleased to announce that it has
entered into an agreement to sell its holding in the CitizenM hotel
on Bowery street to its partner CitizenM. Price reflects no
material profit or loss for BCRE. Closing is expected to occur by
no later than February 2019.
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 +31 20 514
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 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, Amsterdam and
Limassol.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 29, 2018 08:00 ET (12:00 GMT)
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