Brack Capital Real Estate Inv N.V Subsidiary announces progress on project (6173R)

TIDMBCRE

RNS Number : 6173R

Brack Capital Real Estate Inv N.V

12 December 2016

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Subsidiary announces progress on planning of project

Further to the announcement on 29 February 2016, regarding the entry into an agreement to acquire ownership rights over land in Aachen, Germany by the Company's subsidiary Brack Capital Properties N.V. ("BCRE Germany"), whose shares are traded on the Tel Aviv Stock Exchange ("TASE"), the Company is pleased to announce that BCRE Germany has published relevant information regarding discussions held with the authorities of the city of Aachen in relation to the planning concept of the project.

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 www.brack-capital.com.

ENQUIRIES:

 
   BCRE - Brack Capital Real Estate 
    Investments N.V. 
   Ariel Podrojski, Chief Executive 
    Officer 
   Nansia Koutsou, Chief Financial Officer       +31 20 514 
    / Chief Operating 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, 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, Dusseldorf, Moscow, Kazan, New Delhi, Amsterdam and Limassol.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 12, 2016 12:30 ET (17:30 GMT)

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