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Phoenix Spree Deutschland Ltd ( (GB:PSDL) ) has provided an update.
Phoenix Spree Deutschland Limited has announced that its property advisor, QSix Residential Limited, has purchased 269,762 ordinary shares in the company. This acquisition follows the sale of a portfolio of 16 buildings, as part of a strategy outlined in a previous amendment to the Property Advisor and Investor Relations Agreement. This move indicates a reinvestment of disposal fee proceeds back into the company, potentially strengthening QSix’s alignment with PSD’s long-term growth objectives and shareholder interests.
More about Phoenix Spree Deutschland Ltd
Phoenix Spree Deutschland Limited operates in the real estate industry, focusing on residential property investments. The company primarily deals with the acquisition and management of residential properties in Germany, particularly targeting the Berlin market.
YTD Price Performance: -2.79%
Average Trading Volume: 42,485
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £152.2M
Find detailed analytics on PSDL stock on TipRanks’ Stock Analysis page.
