Israeli listed company Summit Real Estate Holdings is buying a number of income-producing properties in Germany for NIS 213 mln (EUR 52 mln). The purchases are being made through German companies in which Summit owns a 95% stake.
Israeli listed company Summit Real Estate Holdings is buying a number of income-producing properties in Germany for NIS 213 mln (EUR 52 mln). The purchases are being made through German companies in which Summit owns a 95% stake.
Summit said the properties, located in several German cities, cover some 50,000 m2 of net commercial, logistics and office space. They are fully leased, and generate NIS 16.6 mln in rent a year, net of management costs.
