LONDON, October 5, 2016 /PRNewswire/ --
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 three loan facilities, amounting to approximately EUR 113 million, obtained from three different German banks. The new facilities have a 5 year term and amount approximately to EUR 126 million with an additional credit facility of EUR 20 million.
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.