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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 Apr 2019 to Apr 2024
TIDMSMTG
RNS Number : 8368Y
Summit Germany Limited
24 August 2018
Summit Germany Limited
(the "Company")
Investment Property Valuation Update
24 August 2018
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 June 2018 was valued at EUR1,031 million. As of 31 December 2017 the portfolio valuation amounted to EUR939 million.
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. The Company believes, that following additional increases in rent levels in lease renewals and other developments in the portfolio there is a potential for further upside to the latest valuation.
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 Adviser Tel: +44 (0) 20 3100 2222 and Joint Broker Chris Clarke / Jill Li Cenkos Securities, Joint Broker Tel: +44 (0) 20 7397 8900 Mark Connelly Russell Kerr / Selwyn Jones (Broking) Inside Information This announcement contains inside information for the purposes of EU Regulation 596/2014.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
UPDLLFLITSISFIT
(END) Dow Jones Newswires
August 24, 2018 06:16 ET (10:16 GMT)
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