Phoenix Spree Deutschland Ltd (PSDL) NPV
Sell:144.00p
Buy:148.50p
0
Change:
No change
No change
FTSE All Share:0.23%
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Prices as at close on 3 May 2024
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Sell:144.00p
Buy:148.50p
Change:
No change
No change
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
Market closed |
Prices as at close on 3 May 2024
Prices delayed by at least 15 minutes
|
Switch to live prices
|
Sell:144.00p
Buy:148.50p
Change:
No change
No change
Market closed |
Prices as at close on 3 May 2024
Prices delayed by at least 15 minutes
|
Switch to live prices
|
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
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.
| Security | Weight |
|---|---|
| Investment Properties | 92.43% |
| Investment Properties â Held For Sale | 4.84% |
| Property, Plant And Equipment | 0.00% |
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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
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, Steven Wilderspin, Jonathan Thompson, Antonia Burgess, Isabel Robins
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.
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
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'.