Brack Capital Properties N.V. (TASE:BCNV) entered into an agreement to acquire commercial property in Dortmund area in North Rhine Westphalia, Germany for €9.1 million on May 13, 2016. Brack Capital Properties N.V. is purchasing the property through its unit and is negotiating with a German bank for a loan of about €6.35 million to finance the transaction while the rest of the amount shall be paid through Brack Capital Properties N.V.’s own sources. The transaction is subject to pre-deal conditions, fulfillment of the conditions required relating to the transfer of the ownership rights including obtaining all the necessary approvals for the transaction and the removal of all the pledges from the property. The deal is expected to close on June 30, 2016. Tim Robertson and Ben Heath of Novell communications acted as public relations advisers in the transaction. Brack Capital Properties N.V. (TASE:BCNV) completed the acquisition of commercial property in Dortmund area in North Rhine Westphalia, Germany on July 1, 2016.