REG - Phoenix SpreeDeutsch - QSix Germany appoints Christian Daumann as CEO

Phoenix Spree DeutschlandAnnouncement

28/02/2024 07:00

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RNS Number : 6847E  Phoenix Spree Deutschland Limited  28 February 2024

Phoenix Spree Deutschland Limited

(the "Company", the "Group" or "PSD")

 

QSix appoints Christian Daumann as Chief Executive Officer of QSix Germany

 

QSix, the specialist real estate asset manager, is pleased to announce that
Christian Daumann will be appointed as Chief Executive Officer of its German
operations with effect from 1 March 2024. Christian will succeed Jörg
Schwagenscheidt, who has been CEO of QSix Germany since 2015. Jörg will
remain a partner of QSix Group, focussing on QSix Germany's strategic
initiatives and leveraging his extensive experience, industry contacts and
political relationships.

 

Christian has over 25 years' experience in the real estate investing, asset
management and finance sectors during which he has built an excellent global
network. Christian joins QSix from Ivanhoé Cambridge, the real estate
subsidiary of the Quebec state fund and global investment group CDPQ, where he
spent the last four years as Head of Investments, Germany. During his tenure
there, he played a pivotal role in building Ivanhoe Cambridge's platform in
Germany, overseeing value-add and opportunistic investments in residential,
logistics and mixed-use assets, heading asset management from 2019-2022. Under
his supervision, Ivanhoe Cambridge's investments grew exponentially, tripling
in value to surpass €1 billion in under three years.

 

Christian has also previously held senior positions at Morgan Stanley, where
he grew the expansion of Cerberus/LNR to more than €4.5 billion of
distressed loans under management during the global financial crisis. He was
CEO of market listed Anterra AG and a board member at Hamburg Trust, then co -
owned by Colony Capital, where he was in charge of Asset Management and
Investing with a focus on residential, micro apartments and student housing
investments. Christian started his career in the restructuring group of Heleba
commercial bank where he focussed on restructurings of large scale distressed
commercial real estate debt.

 

Christian's deep understanding of the German market and expertise in managing
a diverse portfolio of real estate assets will be highly valuable to QSix,
which invests in German residential property across two strategies, the
LSE-listed fund, Phoenix Spree Deutschland (PSD), and in cooperation with
affiliates of Partners Group, the global private markets firm.

 

 

Mike Hilton, Chief Executive Officer of QSix, commented:

 

"We are delighted to welcome Christian to QSix. We will benefit from his
outstanding track record of success in deal execution and breadth of industry
knowledge as we continue to manage and invest in our portfolio of German
assets. We look forward to working with both Christian and Jörg as we
continue to strengthen our existing presence in the German real estate
market."

 

 

Jörg Schwagenscheidt, Current Chief Executive Officer of QSix Germany,
commented:

 

"It has been a privilege to lead QSix's German operations over the past nine
years and I am proud to have overseen growth of the company's presence in
Berlin. I would like to extend my thanks to our exceptional team who have
worked hard to get QSix to where it is today and, going forward, I look
forward to working with Christian in a more strategic capacity. Our key
priority is to focus on PSD, with a view to extracting the maximum value from
its portfolio of assets in the current challenging market."

 

END

For Further Information, Please Contact:

Phoenix Spree Deutschland Limited
 
+44 (0) 20 3937 8760

Stuart Young

 

Numis Securities Limited (Corporate Broker)
        +44 (0) 20 7260 1000

David Benda

 

Teneo (Financial PR)
                                  +44 (0) 20 7353 4200

Lizzie Snow

Annushka Shivnani

 

 

About QSix

QSix is an established specialist real estate asset manager with over £1bn of
AUM. Founded in 2006, it has a strong track record of delivering attractive,
risk-adjusted returns for investors through uncovering differentiated
investment opportunities in: German real estate, Commercial Real Estate
Lending and UK Housing & Specialist Mortgages.

 

 

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