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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 |
TIDMSMTG
RNS Number : 0361X
Summit Germany Limited
21 November 2017
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 EUR980.6 million. As of 31 December 2016 the portfolio valuation amounted to EUR881.5 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:
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
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(END) Dow Jones Newswires
November 21, 2017 02:01 ET (07:01 GMT)
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