LONDON, December 2, 2016 /PRNewswire/ --
BCRE - Brack Capital Real Estate
Investments N.V.
("BCRE" or the "Company")
Expected revised terms of convertible loan notes
Further to its announcement of 16
November 2016, the Company announces that it has reached an
understanding with the lenders under the convertible loan
agreements of 24 December 2014 in the
aggregate amount of €16,800,000, to further extend the maturity
date and amend the conversion price of the convertible loan notes.
The Company will make a further announcement once the agreement is
signed.
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
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 is a disclosure announcement from PR Newswire.