Investment Property Valuation & Notice of Results

RNS Number : 8556B

Summit Germany Limited

07 April 2017

 



Summit Germany Limited

(the "Company")

Investment Property Valuation & Notice of Results

7 April 2017

Summit Germany Limited, the AIM-listed German commercial property investment company, announces that as at 31 December 2016, its property portfolio was valued by the Company's external valuers at approximately €797.8 million (31 December 2015: €735.2 million), reflecting an increase of 8.5 per cent. over the twelve-month period. The net impact of acquisitions, disposals and investments in properties during the period amounted to €34.4 million and the revaluation profit is €28.2 million.

The expected revaluation profit of €28.2 million contributes 6.06 cents per share to the Company's EPRA Net Asset Value.

The Company's audited annual results for the year ended 31 December 2016 will be announced on 16 May 2017.

Summit Germany Limited	Tel: [phone]
Zohar Levy - Managing Director
Itay Barlev (Braun) - Finance Director
Non-Executive Chairman	Tel: [phone]
Harry Hyman
Carey Group, Company Secretary	Tel: [phone]
Sara Bourne
Liberum Capital Limited, Nominated Adviser and Joint Broker	Tel: [phone]
Chris Clarke / Jill Li
Cenkos Securities, Joint Broker	Tel: [phone]
Ivonne Cantu
Russell Kerr / Selwyn Jones (Broking)

Inside information

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

 

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