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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Summit Germany | LSE:SMTG | London | Ordinary Share | GG00BJ4FZW09 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.185 | 1.18 | 1.19 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSMTG
RNS Number : 6343A
Summit Germany Limited
02 January 2018
Summit Germany Limited
(the "Company")
Sale of Property for EUR51.4 million
2 January 2018
Summit Germany Limited, the German commercial real estate company, is pleased to announce that its subsidiary has signed a binding agreement for the disposal of a German office building for a consideration of EUR51.4 million, 24% above its EUR41.4 million valuation as of 30.9.2017.
The property's NOI of EUR1.2 million p.a. reflects NOI yield of 2.3%.
Gross surplus cash flow, following a debt repayment, will amount to ca. EUR30 million. Completion is expected in the next few weeks.
For further information please contact:
Summit Germany Limited Tel: +44 (0) 1481 700 300 Zohar Levy - Managing Director Itay Barlev (Braun) - Finance Director Non-Executive Chairman Tel: +44 (0) 20 7451 7050 Harry Hyman Carey Group, Company Secretary Tel: +44 (0) 1481 700 300 Sara Bourne Liberum Capital Limited, Nominated Tel: +44 (0) 20 3100 2222 Adviser and Joint Broker Chris Clarke / Jill Li Cenkos Securities, Joint Broker Tel: +44 (0) 20 7397 8900 Ivonne Cantu Russell Kerr / Selwyn Jones (Broking) Inside Information This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISLLFIVLAILIIT
(END) Dow Jones Newswires
January 02, 2018 02:00 ET (07:00 GMT)
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