Summit Germany Limited ('Summit Germany' or the 'Company')
Acquisition of the remaining part of a property complex in StuttgartFurther to the announcements made on 3 June 2015 and 11 August 2015, Summit Germany, the AIM-listed German commercial property investment company, is pleased to announce that, with an asset acquisition of €5 million, it has now completed the acquisition of the entire property complex in Stuttgart from CMC Capital.
The Stuttgart property complex is built over land of ca. 135,000 sqm and has a lettable area of ca. 63,000 sqm. The annual net rent totals ca. €4.5 million p.a. with an expected NOI of €4.1 million.
Zohar Levy - Managing Director
Harry Hyman - Non-Executive Chairman Tel: +44 (0)20 7451 7050 Itay Braun - Finance Director
Ivonne Cantu (Nomad)
Russell Kerr / Selwyn Jones (Broking)
Simon Courtenay / Harry Rippon
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