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An announcement from Phoenix Spree Deutschland Ltd ( (GB:PSDL) ) is now available.
Phoenix Spree Deutschland Limited announced a positive shift in its portfolio valuation for the first time since 2022, with a 3.2% increase in the second half of 2024. The company is accelerating its condominium sales strategy, targeting a five-fold increase by the end of 2025, amidst a stabilizing German residential market. This strategy shift is expected to significantly enhance property valuations and contribute to further leverage reduction. The company is also proceeding with debt refinancing and has advanced its Continuation Vote to align with its strategic objectives.
More about Phoenix Spree Deutschland Ltd
Phoenix Spree Deutschland Limited is a UK-listed investment company specializing in Berlin residential real estate. The company focuses on condominium sales and property portfolio management, targeting the Berlin market.
YTD Price Performance: -9.60%
Average Trading Volume: 43,992
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £140.5M
See more data about PSDL stock on TipRanks’ Stock Analysis page.
