Edison Research: Phoenix Spree Deutschland – FY25 condominium sales beat expectations
Phoenix Spree Deutschland’s (PSD’s) FY25 condominium sales of €36.0m reached a new high level and were substantially ahead of the €30m target set by the company. Momentum remains strong, with December sales of €5.4m representing a new monthly record. Following the recently completed debt refinancing, PSD expects to further increase the number units available and, in this context, the company’s FY26 sales target of at least €55m looks increasingly achievable. The refinancing also paved the way for capital to be returned to shareholders via a programme of compulsory pro rata share redemptions settled in cash. Further information on the first redemption will be provided with PSD’s full year results on 23 April 2026.
To read the full report, click here