Brack Capital Real Estate Inv N.V Closing of Acquisition of Manhattan Property (6592C)

TIDMBCRE

RNS Number : 6592C

Brack Capital Real Estate Inv N.V

19 October 2015

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Closing of the acquisition of the residential building in the Upper West Side, Manhattan, New York

Following the Company's announcement on 17 June 2014 regarding the potential acquisition of a significant residential building with a gross internal area of approximately 240,000 sq.ft. in the Upper West Side of Manhattan, New York (the "Transaction") by one of the Company's subsidiaries and a subsequent announcement on 12 August 2015 concerning the Supreme State Court's approval for the completion of the Transaction, the Company is now pleased to announce that the Transaction has been successfully completed.

ENQUIRIES:

 
 BCRE - Brack Capital Real Estate 
  Investments N.V. 
 Ariel Podrojski, Chief Executive 
  Officer 
 Nansia Koutsou, Chief Financial      +31 20 514 
  Officer                                   1004 
 
 Novella Communications 
 Tim Robertson 
                                     +44 203 151 
 Ben Heath                                  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, predominantly located in the USA, Germany, Russia, India and the UK.

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 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 19, 2015 05:30 ET (09:30 GMT)

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