IN BRIEF: Phoenix Spree sees interim profit drop but keeps dividend
30th Sep 2022 08:54
Phoenix Spree Deutschland Ltd - investment company specialising in German real estate - Reports IFRS net asset value of EUR4.84 per share on June 30, up from EUR4.54 year-on-year. Posts pretax profit of EUR17.0 million for the six months ended on June 30, down from EUR20.4 million a year ago. Revenue, however, increases slightly to EUR13.0 million from EUR12.9 million. The company says 148 new leases in Berlin have been signed at an average rent of EUR13.2 per square metre and 33.7 per cent premium to passing rents. Read More