Brack Capital Properties N.V. (TASE:BCNV) signed an agreement to acquire 287 residential units in Kiel, Germany for €36 million on March 16, 2016. Brack Capital is negotiating a loan with a German banking institution of about €25 million. The deal is subject to approvals and is expected to be completed by July 1, 2016. Brack Capital Properties N.V. (TASE:BCNV) completed the acquisition of 287 residential units in Kiel, Germany on June 1, 2016.