Phoenix Spree Deutschland H1 condominium sales nearly double as realisation plan advances

UK-listed Berlin residential property seller Phoenix Spree Deutschland said H1 2026 condominium sales nearly doubled year on year. 5 mln to shareholders. Rental income fell year on year as portfolio realisation continued, while net asset value per share edged lower. Phoenix Spree Deutschland maintained its FY 2026 notarisations target of at least €55 mln, subject to the pace of Q4 sales.

The company said it reset vacant apartment asking prices in September to an average 9% below previous levels, after reducing prices on vacant apartments in July. Third-quarter sales activity was below the first-half run rate, and the company said further inventory releases are under consideration. Chairman Robert Hingley said achieved pricing supported carrying values, while administrative expenses declined 43% year on year as recurring costs were reviewed. 3 mln.

10. The company also posted a pretax loss for H1. Reuters recommended reads Sept 25 included Safestay, where H1 revenue falls on weaker occupancy in a challenging market, Ferrexpo, where H1 revenue falls 57% on Ukraine disruptions, and BASF, which approaches Evonik to create a global chemicals giant.