LONDON, March 29, 2018 /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")
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.
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.
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 Officer,
+31 20 514 1004
Novella Communications
Tim Robertson
Toby Andrews, +44 203 151 7008
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