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Phoenix Spree Deutschland Ltd ( (GB:PSDL) ) has issued an announcement.
Phoenix Spree Deutschland Ltd has completed amendments to its financing arrangements, enabling a significant increase in condominium sales. This move is part of a strategic plan to unlock value in its portfolio and maximize shareholder returns, with a continuation vote scheduled for March 12. The company’s managed portfolio realization is expected to align with the current EPRA NTA, despite the share price being at a 45% discount.
More about Phoenix Spree Deutschland Ltd
Phoenix Spree Deutschland Ltd operates in the real estate industry, focusing on the acquisition and management of residential properties in Germany. The company primarily deals with condominium sales and investment properties, aiming to maximize shareholder returns through strategic asset realization.
YTD Price Performance: -1.33%
Average Trading Volume: 45,039
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £153.4M
See more insights into PSDL stock on TipRanks’ Stock Analysis page.
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