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Summit Germany Refinances Loan On Stuttgart Complex
LONDON (Alliance News) - German commercial real estate investor Summit Germany Ltd on Monday said it has refinanced a loan secured by its property complex in Stuttgart.
The existing EUR24.0 million loan was refinanced by a new EUR40.0 million, ten-year loan from an unnamed German lender, Summit said.
The new loan carries a fixed interest rate of 2.25% per year.
Summit Germany shares were untraded on Monday, having last traded at EUR0.99.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
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