Summit Germany Limited (AIM:SMTG) entered into an agreement to acquire 72% stake GxP German Properties AG (DB:GXP1) from Consus Real Estate AG (DB:CC1) and other minority shareholders for €45 million on August 6, 2018. As part of consideration, €40 million will be paid on completion in cash, and in addition €5 million will be payable upon publication of GxP's June 30, 2018 financial reports subject to the achievement of a minimum threshold. Chris Clarke and Jill Li of Liberum Capital Limited acted as the nominated financial advisor and joint-broker for Summit Germany Limited. Additionally, Mark Connelly, Russell Kerr and Selwyn Jones of Cenkos Securities have also acted as joint-broker for Summit Germany Limited.

Summit Germany Limited (AIM:SMTG) completed the acquisition of 72% stake GxP German Properties AG (DB:GXP1) from Consus Real Estate AG (DB:CC1) and other minority shareholders in August 2018.