M&A Activity • Dec 31, 2019
M&A Activity
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National Storage Mechanism | Additional information
RNS Number : 3173Y
Summit Properties Limited
31 December 2019
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)
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 [email protected] or visit www.rns.com.
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