An undisclosed buyer acquired 6.36% stake in Brack Capital Properties N.V. (TASE:BCNV) from BCRE-Brack Capital Real Estate Investments N.V. (LSE:BCRE) for approximately ILS 140 million on September 28, 2016. As reported, BCRE-Brack Capital Real Estate Investments sold 0.42 million of shares of Brack Capital Properties in an off-market transaction at ILS 324 per share. Post transaction, BCRE will reduce its stake in Brack Capital Properties to 28.31%. BCRE-Brack Capital Real Estate Investments N.V. will use the proceeds for new investments, to repay debt upon or prior to maturity and/or for general corporate purposes. Tim Robertson and Toby Andrews of Novella Communications acted as PR advisors to BCRE. An undisclosed buyer completed the acquisition of 6.36% stake in Brack Capital Properties N.V. (TASE:BCNV) from BCRE-Brack Capital Real Estate Investments N.V. (LSE:BCRE) on September 28, 2016.