Commercial property investment company Summit Germany said its board has approved the acquisition of four properties in Germany for a total of EUR 34 mln. The tenants of the properties include Deutsche Telekom, Kamps Bakeries, a major public company and a large insurance company. Summit said the four assets will contribute a net annual income of EUR 2.43 mln, reflecting a net yield of 7.1%. More information will be provided upon completion of the transactions.
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