The latest trading update confirmed robust portfolio performance this year and underpinned the outlook for FY16. The group’s 103 assets, currently 87% occupied, generate €57m pa of net rent, with potentially another c €6m theoretically achievable if it were fully let. Summit signed 121 new leases (renewals and new lettings) this year, equivalent to €8.7m rent at on average €6.9/sqm/month, c 11% ahead of rates achieved in FY14.
