StockMarketWire.com - Summit Properties said a subsidiary had agreed to sell a German office building for €225.0m.

The sale price was 7.9% above the property's €208.6m valuation as at 31 December.

Its annual rental income totaled €4.62m, reflecting a rental yield of 2.1%.

Completion of the transaction was expected at the end of 2019.


At 8:12am: [LON:SMTP] share price was +0.01p at 1.29p



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