20th Dec 2016 09:25
LONDON (Alliance News) - German commercial real estate company Summit Germany Ltd on Tuesday said it has sold a property in Hamburg for EUR14.0 million.
The property is a vacant office building, as the lease expired in September, Summit Germany said.
Proceeds from the sale are in line with the last independent property valuation and will be used to repay the borrowings associated with the asset, the group added.
Shares in Summit Germany were untraded on Tuesday, having last traded at EUR1.02.
By Hannah Boland; [email protected]; @Hannaheboland
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