Phoenix Spree Deutschland Ltd (GB:PSDL) has released an update.
Phoenix Spree Deutschland Ltd has announced that it will adjust tenant rents in response to the new Berlin Rent Index, which may positively impact rental income from Q3 2024. This follows a period of high demand and record market rents, with PSD’s new lettings in 2023 commanding a 31% premium over existing rents and vacancies at a historic low.
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