LONDON, January 3, 2017 /PRNewswire/ --
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.
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
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.
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SOURCE BCRE - Brack Capital Real Estate Investments N.V.