TIDMSMTG

RNS Number : 8368Y

Summit Germany Limited

24 August 2018

Summit Germany Limited

(the "Company")

Investment Property Valuation Update

24 August 2018

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 June 2018 was valued at EUR1,031 million. As of 31 December 2017 the portfolio valuation amounted to EUR939 million.

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. The Company believes, that following additional increases in rent levels in lease renewals and other developments in the portfolio there is a potential for further upside to the latest valuation.

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 Adviser  Tel: +44 (0) 20 3100 2222 
 and Joint Broker 
Chris Clarke / Jill Li 
 
Cenkos Securities, Joint Broker             Tel: +44 (0) 20 7397 8900 
Mark Connelly 
Russell Kerr / Selwyn Jones (Broking) 
 
Inside Information 
 This announcement contains inside information for the purposes 
 of EU Regulation 596/2014.

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 rns@lseg.com or visit www.rns.com.

END

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