Summit Germany Limited (AIM:SMTG) said that it was exploring an initial public offering of its Summit Luxco unit on the Frankfurt Stock Exchange. The listing of Luxco, which holds all of Summit’s German real estate business, including asset and property management operations, would be subject to market conditions, the firm said. Summit will seek to diversify its real estate business and pursue investment opportunities throughout Continental Europe and other markets. Summit intends to retain its quotation on the AIM market of the London Stock Exchange and continue to be a major shareholder of Luxco.