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Brack Capital Real (BCRE)

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Thursday 11 October, 2018

Brack Capital Real

Sale of Orchard project completed

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.

 


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