Brief: Phoenix Spree Deutschland Notarises Sale Of Donaustrasse, Neukoln For EUR 4.8Mln

Phoenix Spree Deutschland

15/03/2024 07:15

March 15 (Reuters) - Phoenix Spree Deutschland Ltd
 PSDL.L :
    * SALE OF MULTI-FAMILY PROPERTY AND CONDOMINIUMS
    * COMPANY HAS NOTARISED SALE OF DONAUSTRASSE, NEUKOLN FOR
EUR 4.8M
    * ANNOUNCE NOTARISATION FOR SALE OF TWO FURTHER CONDOMINIUM
PROPERTIES
    * VACANT UNIT IN ZILLESTRASSE WAS SOLD FOR EUR 426,600 IN A
BARE
SHELL CONDITION
    * RENTED UNIT IN FREGESTRASSE WAS SOLD FOR EUR 298,000
    * CO HAS PENDING RESERVATIONS FOR FURTHER FOUR UNITS
REPRESENTING
COMBINED SALES VOLUME OF EUR 1.33M
    * EXPECTED THESE RESERVATIONS WILL BE NOTARISED WITHIN NEXT
SIX
WEEKS
    * PROCEEDS FROM THESE ASSET SALES WILL BE USED TO REPAY
DEBT, FOR
INVESTMENT IN CONDOMINIUM PORTFOLIO

Source text for Eikon:  ID:nRSO9494Ga 
Further company coverage:  PSDL.L 

 ((Reuters.Briefs@thomsonreuters.com;))