Summit Properties Limited announced that its subsidiary has signed agreements to acquire two shopping centers in the United States for a total consideration of $80 million. The two properties have lettable area of 134,000 sqm built over aggregate site of 560,000 sqm. The average occupancy rate of the properties is 75% and the average NOI, based on current leases, is $14 million p.a. The acquisition of one of the properties, for $55 million, has already completed. The completion of the acquisition of the other property, for $25 million, is expected in the coming weeks. In addition, the company's subsidiary has identified $41 million of outparcels for sale in the previously acquired shopping centers. These parcels are currently generating $2.2 million p.a. Up to date, sales of $15 million were already signed and $26 million are in various stages of negotiation.