Berlin
On the ground- 01Sourcing and underwriting
- 02Buying, in Berlin and across Germany
- 03Letting oversight, works and technical supervision
- 04Selling, whole or flat by flat
Kurfürstendamm 38/39, 10719 Berlin
QSix at a glance
- 2006First acquisition: twenty years of German residential, through the cycles
- >5,000Units acquired for clients in Germany, 2006 to 30 June 2026
- 7Regional portfolios sold in full: 1,104 units, every asset sold, 2014 to 2018
- 235Units sold one by one, January 2025 to June 2026, across both mandates
Figures to 30 June 2026. Source: QSix transaction and mandate records. Returns, with their basis, are on the Track record page.
Apartment buildings acquired by QSix on behalf of institutional clients.
Introduction
An introduction to QSix
Who QSix is, and how it buys, runs and sells German residential for institutional clients, from Berlin and London.
Figures to 30 June 2026 unless stated. Past performance is not a guide to future results. Capital is at risk. Buildings shown were acquired by QSix on behalf of institutional clients; images of people are illustrative.
What QSix does
Every step, led by QSix
From the first viewing to the last report, the work is led and overseen by QSix’s own people.
- 01
Buy
Buildings sourced and underwritten by the transactions team in Berlin, in seven cities.
c.400
Average number of properties screened per year
- 02
Run
Letting oversight, works and technical supervision by QSix’s own asset managers.
>€15m
Capital expenditure across both mandates, 2025
- 03
Sell
Sold whole as portfolios, or flat by flat as condominiums.
€70.5m
Notarised, both mandates, January 2025 to June 2026
- 04
Report
Governed, financed and reported from London by an FCA-regulated firm.
Online
Client reporting and portfolio dashboards
Where QSix invests
Seven cities, from a Berlin base
QSix is buying in seven German cities in 2026, runs buildings in Berlin, its beltway and Leipzig today, and sold seven regional portfolios in full between 2014 and 2018.
- Buying, 20267 cities
- Under management todayBerlin and Leipzig
- Sold in full, 2014 to 20181,104 units
Why QSix
Five things an investor can check. Open each one for the evidence behind it.
Acquired by QSix on behalf of an institutional client01Two-decade German specialistGerman residential through the cycles since 2006, with seven portfolios bought and sold in full.
Evidence
1,104 units in seven German portfolios, bought from 2006 to 2010 and sold in full from 2014 to 2018. Each portfolio was held for seven to nine years, eight on average, through the 2008 crisis and the recovery that followed. Sold in full means every asset was sold: nothing is carried at a valuation. Realised gross levered IRRs ranged from 13% to 22%, a simple average of 17%.
Source: QSix transaction records and audited fund accounts. Gross and levered, before fees, expenses and carry; net returns would be materially lower. Past performance is not a guide to future results.
02Listed-fund operating disciplineEleven years as external manager of Phoenix Spree Deutschland on the London Stock Exchange, audited every year.
Evidence
Phoenix Spree Deutschland has been listed on the London Stock Exchange’s Main Market since 15 June 2015, with QSix as its external manager and a board independent of QSix. It reports to the market every half-year, is audited every year, and its portfolio is valued twice a year by JLL. It won EPRA sBPR Gold for its sustainability reporting in each of 2022 to 2025. Since March 2025 it has been selling its portfolio and returning capital to shareholders.
Source: Phoenix Spree Deutschland annual reports and results announcements. These are Phoenix Spree’s figures, not QSix-wide.
03Led by QSix’s own teamOrigination, asset management, unit sales and investor relations by QSix’s own team.
Evidence
Investment decisions, execution, oversight, control and reporting sit inside QSix, with 30 people in London and Berlin. Independent specialists are retained where independence is required: property valuation by an independent valuer, audit by an external auditor, and fund administration, legal, tax and technical advice as each mandate needs. Day-to-day operations on site are carried out by selected partners under QSix’s oversight, as set out in its Supplier Code of Conduct.
Source: QSix, October 2026. Roles are shown; no provider is named.
04In market across GermanyScreening and underwriting every quarter, in Berlin and six more cities.
Evidence
QSix’s transactions team in Berlin screens about 400 properties a year. In 2026 it is buying in seven cities: Berlin, Leipzig, Hamburg, Düsseldorf and Cologne (Rhein-Ruhr), Frankfurt (Rhein-Main) and Munich. Before investment approval, each building is assessed in context: its local rent index and market evidence, the rules that apply at its address, its tenancies and income, and its condition, energy performance and physical climate risk. Each acquisition goes to the Investment Committee for approval.
Source: QSix, 2026.
05Condominium premium, realisedFlats sold one by one in the first half of 2026 at 41% above JLL’s valuation of the same portfolio as rental stock; prices were lower in the third quarter.
Evidence
In the first half of 2026, Phoenix Spree’s Berlin flats sold one by one achieved €4,433 per square metre across 93 sales, 41.1% above JLL’s valuation of the same portfolio as rental stock (€3,142 per square metre at 30 June 2026). Vacant flats achieved €4,705, 49.7% above. Every sale is tracked from reservation to notarisation, payment, handover and land registry.
Source: Phoenix Spree Deutschland interim report to 30 June 2026 (unaudited); QSix condominium sales records. Gross notarised prices; Phoenix Spree’s figures, not QSix-wide. In the third quarter, to 18 September, its eight occupied-unit sales were 17.1% below their carrying value, a different basis from JLL’s, and vacant asking prices were cut by about 9% in September.
Our offices
Berlin and London
Berlin finds, buys and runs the buildings. London looks after the clients who own them, under FCA regulation.
London
For clients- 01Investor relations
- 02Finance and financing
- 03Technology and client reporting
- 04Compliance, under FCA regulation
3rd Floor, 167 Wardour Street, London W1F 8WR
Talk to us
Start with a conversation
For professional investors. Nothing on this website is an offer or a solicitation.
Christian Daumann
CEO, QSix Germany · Berlin
christian.daumann@qsix.com
+49 30 80 40 70 72
Gareth Williams
Chief Executive Officer · London
gareth.williams@qsix.com
+44 20 3937 8781
Stuart Young
Partner, Head of Public Markets and Private Fundraising · London
stuart.young@qsix.com
+44 20 3937 8760
Existing clients
The QSix client platform
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Sources
Properties screened: QSix transaction records, October 2026, annualised from quarterly rates. Capital expenditure: across the two mandates QSix runs, 2025. Notarised: QSix condominium sales records, gross notarised prices, both mandates, January 2025 to 30 June 2026. QSix origination records, October 2026; mandate records, 30 June 2026; transaction records, 2006 to 2018. The lines show where QSix buys from its Berlin base; they do not show capital flows. The condominium premium compares Phoenix Spree Deutschland’s 93 sales in the first half of 2026 with JLL’s valuation of the same portfolio as rental stock at 30 June 2026. Phoenix Spree is a separate company listed in London, of which QSix is the external manager; its figures are its own. Past performance is not a guide to future results.
