TIDMBCRE

RNS Number : 7603D

Brack Capital Real Estate Inv N.V

11 October 2018

This announcement contains inside information within the meaning of the Market Abuse Regulation (EU) (No 596/2014).

11 October 2018

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Sale of Orchard project completed

Further to the announcement on 11 June 2018, the Company is pleased to announce the completion of the transaction with regards to the sale of its holding in Hotel Indigo Lower East Side New York to MRR Development for a price of USD 162.5 million.

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

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 and 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, Moscow, Amsterdam and Limassol.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 11, 2018 07:30 ET (11:30 GMT)

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