Phoenix Spree Deutschland Ltd

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 segments include Investment property- Rental, and Investment property- Disposals. The Investment property- Rental segment comprises properties held and operated for medium-term rental purposes. The Investment property- Disposals segment comprises properties that are also held for long-term rental income and capital appreciation. 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 73 properties, 2,081 units and 146.5 thousand square meters. Its subsidiaries include Phoenix Spree Deutschland I Limited, Phoenix Spree Deutschland VII Limited, and others.

To realise the value of its existing assets through a carefully managed portfolio realisation, resulting in a managed sell down of the Company’s portfolio over time, with a view to returning available cash to Shareholders.

• Ongoing charge1.20%
• Annual management charge -
• Performance feeYes

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.