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 .
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
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.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments 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
This is a disclosure announcement from PR Newswire.