Acquisition

RNS Number:8691B
Summit Germany Limited
10 August 2007


10 August 2007

                              SUMMIT GERMANY LIMITED

     ACQUISITION OF 2 NEW PROPERTIES AT Euro 50 MILLION BY DEUTSCHE REAL ESTATE

Summit Germany Limited (the "Company"), the AIM-listed German commercial
property investment company, is pleased to announce that its recently acquired
subsidiary, Deutsche Real Estate AG ("Deutsche RE"), has announced the
acquisition of an office building in Frankfurt and a logistic center in Hamburg.

The office building in Frankfurt, with a lettable area of 8,700 sqm. was
acquired for Euro29 million, and generates net annual income of Euro1.2 million,
reflecting at the current occupancy rate of 47% a net yield of approximately
4.14% per annum on the purchase price. The building, constructed in 1908 was
refurbished in the years 1990-1992. Deutsche RE announced that with active
marketing of the vacancies in the building the net annual rental income from
this building could be increased up to Euro2.2 million to market, reflecting a
yield of 7.59% on the purchase price.

The logistic center building in Hamburg, with a lettable area of 23,531 sqm. was
acquired for Euro15.9 million, and generates net annual income of Euro1.2 million,
reflecting at the current occupancy rate of 91.5%a net yield of approximately
7.5% per annum on the purchase price.

Upon the completion of the acquisition of the two properties described above by
Deutsche RE, Summit Germany's total value of properties will amount to
approximately Euro 800 million.

Summit Germany has recently completed the acquisition of a 76% controlling stake
in Deutsche RE, and has published a voluntary takeover offer to acquire all of
its outstanding share capital.

John Lamb, Chairman of Board, said:

" We are very excited about the addition of Deutsche Real Estate to the Summit
Group. Its presence in the German market enables the company and its independent
management to acquire attractive properties in Germany on strong yields."

" We are confident that Deutsche RE will increase Summit's aggregate portfolio
at a faster rate. The capability of both Deutsche RE's and Summit's management
teams will enhance the progression of both entities. "

                                      -ends-

For further enquiries contact:

Summit Germany
John Lamb, Chairman
07802 440 714

city PROFILE
Jonathan Gillen / William Attwell
020 7448 3244

Collins Stewart Europe
Chris Howard
020 7523 8314




Notes to editors

Summit Germany Limited, incorporated in Guernsey and admitted to trading on AIM
in May 2006, is a real estate investment company specialising in commercial
properties in Germany.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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