Summit
Germany Limited has been admitted to the London Stock
Exchange's AIM market.
The closed-ended holding company incorporated in Guernsey raised
gross proceeds of €35m through the issue of 54,971,291 shares
at an issue price of €0.63 per share. The market
capitalisation of the company on admission was approximately
€185 million (£154 million).
Summit Germany Limited is focused on building a substantial
portfolio of commercial properties in Germany. It invests primarily
in office, industrial and other commercial properties throughout
Germany, which provide income by way of lettings to commercial,
governmental/public sector and industrial tenants. The
company's objective is to deliver attractive and secured
dividends with sustained growth in both income and capital
values.
