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Phoenix Spree Deutschland Ltd ( (GB:PSDL) ) has shared an update.
Phoenix Spree Deutschland Limited has announced significant strategic changes to its financing and portfolio, including the modification of debt terms and the sale of 16 buildings, to accelerate condominium sales and maximize shareholder value. The company plans to increase its condominium sales potential, facilitating a strategic shift towards a more liquid portfolio, with an aim to enhance shareholder returns and address the discount in share price relative to the company’s net asset value. The transaction is expected to strengthen the company’s balance sheet and provide more flexibility in its strategic direction.
More about Phoenix Spree Deutschland Ltd
Phoenix Spree Deutschland Limited is a Berlin-based residential real estate specialist focused on the acquisition, management, and sale of residential properties. The company primarily deals in condominium sales, seeking to enhance value through strategic real estate transactions in the Berlin market.
YTD Price Performance: -4.11%
Average Trading Volume: 42,865
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £150.1M
Learn more about PSDL stock on TipRanks’ Stock Analysis page.
