Summit Properties Limited
("Summit" or the "Company")
Portfolio Update
31 December 2019
Summit Properties Limited, the German commercial property company, announces that further to its announcement of 19 June 2019 regarding the disposal of a German office building for a cash consideration of €225 million, the conditions precedent for completion of the disposal have been satisfied and completion is expected today.
In addition, a 77% owned subsidiary of the Company has signed an agreement to acquire an office building of 4,700 sqm in Hannover for ca. €6.5 million. The acquisition improves the Company's presence in this location as the acquired property is attached to another property owned by the Company.
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 |
Chris Le Page / Nikolett Mezei | |
Liberum Capital Limited, Nominated Adviser and Joint Broker | Tel: +44 (0) 20 3100 2222 |
Chris Clarke / Gillian Martin / Owen Matthews | |
Cenkos Securities, Joint Broker | Tel: +44 (0) 20 7397 8900 |
Mark Connelly | |
Russell Kerr / Selwyn Jones (Broking) |
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Summit Properties Ltd. published this content on 31 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 December 2019 07:56:01 UTC