Company Announcements
Investment Property Valuation Update
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By LSE RNS
Summit Germany Limited
(the "Company")
Investment Property Valuation Update
21 November 2017
Summit Germany Limited, the AIM-listed German commercial property investment company, is pleased to announce that based on a new external valuation its property portfolio as of 30 September 2017 was valued at €980.6 million. As of 31 December 2016 the portfolio valuation amounted to €881.5 million (net of disposals and acquisitions in 2017).
The increase in value is attributed to resilience of the German commercial real estate market and to specific improvements in the Company's property portfolio.
For further information please contact:
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Summit Germany Limited |
Tel: +44 (0) 1481 700 300 |
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Zohar Levy - Managing Director |
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Itay Barlev (Braun) - Finance Director |
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Non-Executive Chairman |
Tel: +44 (0) 20 7451 7050 |
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Harry Hyman |
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Carey Group, Company Secretary |
Tel: +44 (0) 1481 700 300 |
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Sara Bourne |
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Liberum Capital Limited, Nominated Adviser and Joint Broker |
Tel: +44 (0) 20 3100 2222 |
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Chris Clarke / Jill Li |
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Cenkos Securities, Joint Broker |
Tel: +44 (0) 20 7397 8900 |
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Ivonne Cantu |
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Russell Kerr / Selwyn Jones (Broking) |
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Inside Information This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation. |
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This information is provided by RNS
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