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About the company
Phoenix Spree Deutschland Limited is a Jersey-based investment company specializing in Berlin residential real estate. The Company invests in residential and commercial property in Germany. The Company’s objective is to generate an attractive return for shareholders through the acquisition and active management of high-quality pre-let properties in Berlin, Germany. It is primarily investing in the residential market in Berlin, supplemented with selective investments in commercial property. The majority of commercial property within the portfolio is located within residential and mixed-use properties. Its portfolio consists of approximately 94 properties containing 2,477 residential units and 137 commercial units, with a total lettable area of around 186,500 square meters. Its subsidiaries include Phoenix Spree Deutschland I Limited, Phoenix Spree Deutschland VII Limited, Phoenix Spree Deutschland X Limited, and others. Its property advisor is QSix Residential Limited.
- Revenue in GBP (TTM)23.17m
- Net income in GBP-59.13m
- Incorporated2007
- Employees0.00
- LocationPhoenix Spree Deutschland Ltd OrdIfc 5SAINT HELIER JE1 1STJerseyJEY
- Websitehttps://www.phoenixspree.com/
Profile
| Management group(s) | QSix Residential Limited |
|---|---|
| AIC sector | Property - Europe |
| ISIN | JE00B248KJ21 |
| Launch date | 15 Jun 2015 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The investment objective of the Company is to provide Shareholders with both stable income returns, as well as capital growth through investment in German real estate, with a focus on residential properties in Berlin and secondary German cities.
Managed by
| Michael Hilton, Matthew Northover, Paul Ruddle, Jorg Schwagenscheidt |
|---|
Management & contract fees
Management fee of 1.20% of the EPRA NAV equal to or less than Euro 500 m; and 1% of the EPRA NAV greater than GBP 500 m. Performance fee is 15% of the excess by which the EPRA NAV total return exceeds 8% p.a.The performance fee is 15% measured over consecutive three-year periods.
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