LONDON, October 5, 2016 /PRNewswire/ --
Subsidiary announces the completion of a transaction
Further to the announcement on 11 July 2016, regarding the entry into a notarized sale agreement for the purchase of 173 residential units in Dortmund, Germany for a total consideration of EUR 8.2 million (including related transaction costs) 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 1 October 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 http://www.brack-capital.com .
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.
BCRE - Brack Capital Real Estate Investments N.V.
Ariel Podrojski, Chief Executive Officer
Nansia Koutsou, Chief Financial Officer / Chief Operating Officer
This is a disclosure announcement from PR Newswire.
SOURCE BCRE - Brack Capital Real Estate Investments N.V.