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BCRE Bcre-Brack Cap.

0.375
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bcre-Brack Cap. LSE:BCRE London Ordinary Share NL0010763611 ORD EUR0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.375 0.25 0.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Brack Capital Real Estate Inv N.V BCRE enters into agreement to sell Bowery project (4415J)

29/03/2018 1:00pm

UK Regulatory


Bcre-Brack Cap. (LSE:BCRE)
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TIDMBCRE

RNS Number : 4415J

Brack Capital Real Estate Inv N.V

29 March 2018

This announcement contains inside information within the meaning of the Market Abuse Regulation (EU) (No 596/2014).

29 March 2018

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

BCRE enters into an agreement to sell Bowery project

Further to the announcement on 6 February 2018 regarding BCRE's strategic plan, the Company is pleased to announce that it has entered into an agreement to sell its holding in the CitizenM hotel on Bowery street to its partner CitizenM. Price reflects no material profit or loss for BCRE. Closing is expected to occur by no later than February 2019.

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        +31 20 514 
    Officer                                       1004 
 
   Novella Communications 
   Tim Robertson 
                                           +44 203 151 
   Toby Andrews                                   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 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, Amsterdam and Limassol.

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRDMGZFMLVGRZM

(END) Dow Jones Newswires

March 29, 2018 08:00 ET (12:00 GMT)

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