Phoenix Spree Deutschland - Well positioned for market turbulence
In a challenging environment, we expect Phoenix Spree Deutschland (PSD) to show continuing rental growth but weaker capital returns from slower condominium sales and market-wide yield widening. Demographic trends remain positive, and reversionary rent potential embedded within the portfolio remains strong. Gearing is modest and debt costs are fixed.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.
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.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.