Phoenix Spree Deutschland Ltd (LSE:PSDL) has published its interim results for the first half of 2025, reporting strong progress on its shift toward accelerating condominium sales. Both the number and value of transactions have risen sharply, reflecting growing demand and the success of the company’s repositioning strategy.
The transition of properties from the Private Rented Sector into condominiums is running ahead of expectations, giving management confidence in sustaining momentum through the remainder of the year. Alongside this operational progress, refinancing of existing borrowings remains on schedule. The move is expected to expand the sales pool and provide the flexibility needed to resume shareholder distributions, underscoring the company’s commitment to creating long-term value.
About Phoenix Spree Deutschland Ltd
Phoenix Spree Deutschland Ltd is a UK-listed investment company focused on Berlin’s residential real estate market. Its strategy centers on acquiring and managing residential assets in the city, while accelerating condominium sales, reducing debt, and returning capital to shareholders.
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