Detail akcie Phoenix Spr Ptg GBP online

Business Summary: 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.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Phoenix Spree Deutschland Ltd revenues increased 6% to EUR27.5M. Net loss increased from EUR15.4M to EUR98.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Investment property revaluation loss increase from EUR42.2M to EUR97.3M (expense).