An undisclosed buyer cancelled the acquisition of German office building from Summit Germany Limited.

An undisclosed buyer signed a binding agreement to acquire German office building from Summit Germany Limited (AIM:SMTG) for €51.4 million on January 2, 2018. The gross surplus cash flow, following a debt repayment, will amount to approximately €30 million. Completion is expected in the next few weeks. Chris Clarke and Jill Li of Liberum Capital Limited acted as nominated financial advisors and joint brokers while Ivonne Cantu, Russell Kerr and Selwyn Jones of Cenkos Securities acted as joint brokers to Summit Germany Limited. An undisclosed buyer cancelled the acquisition of German office building from Summit Germany Limited (AIM:SMTG) on January 2, 2019.