Report

Phoenix Spree Deutschland - Positive return to core strategy

Driven by a continuing housing shortage, Berlin residential property rents and condominium prices have continued to increase over the past year. Having successfully weathered the now repealed rent restrictions, we expect Phoenix Spree Deutschland (PSD) to continue to extract the significant value embedded in its portfolio successfully despite the uncertainties of rising inflation and interest rates and war in Ukraine.
Underlying
Phoenix Spree Deutschland Fund

Phoenix Spree Deutschland is an investment company engaged in acquiring and managing residential property, as well as commercial property in Berlin and other German secondary cities. The majority of commercial property within the portfolio is located within residential and mixed-use properties. Co.'s portfolio mainly consists of classic ‘alt-bau' properties which are buildings built before 1914.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Martyn King

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