Brack Capital Real Estate Inv N.V Sale of Orchard project completed (7603D)
October 11 2018 - 7:30AM
UK Regulatory
TIDMBCRE
RNS Number : 7603D
Brack Capital Real Estate Inv N.V
11 October 2018
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCUAURRWBARAAA
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