The Berlin residential property market remained resilient in H220 despite COVID-19 and introduction of the rent cap. Phoenix Spree Deutschland (PSD) saw a 6.3% like-for-like increase in FY20 valuations, supporting strong growth in EPRA NAV per share, above our forecast. As discussed in detail in our December initiation note, pending a resolution of the rent cap legal challenge, PSD has sought to mitigate the effects while maintaining strategic flexibility; a resolution, which PSD expects by mid- ....
05 Feb 2021
Phoenix Spree Deutschland - H220 valuation growth and NAV exceeds forecast
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Phoenix Spree Deutschland - H220 valuation growth and NAV exceeds forecast
Phoenix Spree Deutschland Fund (PSDL:LON) | 152 0 0.0% | Mkt Cap: 139.8m
- Published:
05 Feb 2021 -
Author:
Martyn King -
Pages:
5
The Berlin residential property market remained resilient in H220 despite COVID-19 and introduction of the rent cap. Phoenix Spree Deutschland (PSD) saw a 6.3% like-for-like increase in FY20 valuations, supporting strong growth in EPRA NAV per share, above our forecast. As discussed in detail in our December initiation note, pending a resolution of the rent cap legal challenge, PSD has sought to mitigate the effects while maintaining strategic flexibility; a resolution, which PSD expects by mid- ....