London-listed German residential investor Phoenix Spree Deutschland plans to invest the £38 mln (€48.64 mln) it has just raised by issuing 19.64 mln new shares in Berlin ‘within the next 12 to 18 months’, Jörg Schwagenscheidt, managing director of PMM Partners in Germany, which manages Phoenix Spree, has told PropertyEU.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
