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Phoenix Spree Deutschland Ltd (PSDL) NPV

Sell:386.00p Buy:389.00p 0 Change: 6.00p (1.54%)
Market closed Prices as at close on 21 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:386.00p
Buy:389.00p
Change: 6.00p (1.54%)
Market closed Prices as at close on 21 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:386.00p
Buy:389.00p
Change: 6.00p (1.54%)
Market closed Prices as at close on 21 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

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.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

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.

Dividend Policy

Dividends are expected to be declared semi-annually in April and August and paid in June and October. The Company intends to target a dividend equal to 2.5% p.a. of EPRA NAV per share on admission, and thereafter, pursue a progressive dividend policy.

ASSET SPLIT

Total number of holdings: 0.

Trust Manager

Jorg Schwagenscheidt

Manager Bio

Jörg has more than 30 years of relevant industry experience and joins from GSW Immobilien AG ("GSW"), Berlin's largest residential property company, where he was Co-CEO until early 2014. In that role, he was responsible for the asset and property management of a portfolio of more than 65,000 units, as well as taking the lead on acquisitions and disposals. He was integral to the IPO of GSW in 2011 and its subsequent combination with Deutsche Wohnen AG, an MDAX 50 company, in 2013. During his eight years at GSW, Jörg oversaw the growth of the business, including a number capital raisings and the acquisition of more than 15,000 residential units.

Board Of Directors

Robert HingleyChairman, Jonathan Thompson, Monique OKeefe, Antonia Burgess, Greg Branch

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.