TIDMSMTG

RNS Number : 0361X

Summit Germany Limited

21 November 2017

Summit Germany Limited

(the "Company")

Investment Property Valuation Update

21 November 2017

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 September 2017 was valued at EUR980.6 million. As of 31 December 2016 the portfolio valuation amounted to EUR881.5 million (net of disposals and acquisitions in 2017).

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.

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  Tel: +44 (0) 20 3100 2222 
 Adviser and Joint Broker 
Chris Clarke / Jill Li 
 
Cenkos Securities, Joint Broker     Tel: +44 (0) 20 7397 8900 
Ivonne Cantu 
Russell Kerr / Selwyn Jones 
 (Broking) 
 
Inside Information 
 This announcement contains inside information 
 which is disclosed in accordance with the Market 
 Abuse Regulation.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 21, 2017 02:01 ET (07:01 GMT)

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