Phoenix Spree Deutschland Ltd ( (GB:PSDL) ) has shared an update.
Phoenix Spree Deutschland Limited has announced that its shareholders have voted in favor of the company’s continuation and the amendment of its investment objective and policy. The company has significantly increased the number of condominium units on the market, with plans to further expand sales in 2025. The company has achieved a 258% increase in the value of reservations and notarisations year-to-date compared to the previous year, driven by strong tenant demand. Phoenix Spree aims to reach an annualized condominium sales rate of €50 million by the end of 2025, with ongoing efforts to refinance its debt facility to enhance flexibility and increase the number of available units for sale.
More about Phoenix Spree Deutschland Ltd
Phoenix Spree Deutschland Limited is a UK-listed investment company that specializes in Berlin residential real estate. The company focuses on condominium sales and aims to capitalize on the strong demand for residential properties in Berlin.
YTD Price Performance: -6.35%
Average Trading Volume: 44,488
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £145.5M
See more data about PSDL stock on TipRanks’ Stock Analysis page.