Phoenix Spree Deutschland Ltd Ord

Name
Phoenix Spree Deutschland Ltd Ord
Manager
PMM Partners (UK) Ltd
Type
Closed Ended Investment Company
ISIN
JE00B248KJ21
Sector
Property Direct - Europe
Launched
15/06/2015
OCF
4.92 %
3 Year Sharpe
1.82
Yield
2 %
Fund Size
£ 380.84 million
NAV
365
Gearing
158
Discount Premium
3
The Company intends to invest in German real estate with a strong focus on the residential market, particularly multi-apartment rental properties. It is expected that residential property will represent a minimum of 75% of the lettable space within the Portfolio. The investment objective 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.
Name
PMM Partners (UK) Ltd
Address
W1J 0DT, London, United Kingdom
Legal Structure
Closed Ended Investment Company

Managers

Jorg Schwagenscheidt
Joined 09/16/2015

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.

Michael Hilton
Joined 06/15/2015
Matthew Northover
Joined 06/15/2015
Paul Ruddle
Joined 06/15/2015

Data provided by Morningstar.

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