LONDON, June 14, 2017 /PRNewswire/ --
This announcement contains inside information within the meaning
of the Market Abuse Regulation (EU) (No 596/2014).
BCRE - Brack
Capital Real Estate Investments N.V.
("BCRE" or the
"Company")
Completed the sale
of shares in Brack Capital Properties N.V.
Further to the announcement on 23 May
2017, the Company is pleased to announce that it has
completed the sale of all the shares held in the issued and
outstanding share capital of Brack Capital Properties N.V., whose
shares are traded on the Tel Aviv Stock Exchange, to a company
under the ultimate control of Mr. Teddy
Sagi through an off-market transaction.
Closing of the transaction took place on 14 June 2017.
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 an 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,
London, Moscow, Kazan, New
Delhi, Amsterdam and
Limassol.
ENQUIRIES:
BCRE-Brack Capital Real Estate Investment 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
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