Phoenix Spree Deutschland (www.phoenixspree.com) is an investment company founded in 2007 and listed on the London Stock Exchange. It offers shareholders exposure to the German residential market, particularly Berlin, where over 70% of its assets are located.
Over the past ten years, the Company has assembled an attractive portfolio of real estate assets which the Directors believe offers investors the potential for both reliable income as well as capital growth. The Company has an experienced non-executive Board chaired by Robert Hingley, with a wealth of experience in real estate, corporate finance, investment funds and capital markets and are supported by the Property Advisor, PMM Partners (UK) Ltd.
PMM Partners has acted as property advisor to Phoenix Spree since inception. Its principals have a background in property and finance and each have more than a decade of experience operating in the German residential market. PMM advises on the management activities in relation to the real estate assets in the Portfolio, which include:
- advice on acquisitions and disposals;
- preparation of business plans;
- supervision of property renovations;
- initiation of bank finance;
- review of tenant selection; and
- oversight of property managers.
PMM Partners has offices in London and Berlin and Jörg Schwagenscheidt, previously Chief Operating Officer and Board member of GSW Immobilien, Berlin’s largest residential property company, was appointed Chief Executive of PMM Partners Germany GmbH in June 2015.