Property Advisor Name Change

21 September 2020

Phoenix Spree Deutschland Limited

(the "Company" or "PSD")

Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in Berlin residential real estate, advises that its property adviser, PMM Residential Limited, has changed its name and rebranded as QSix with immediate effect.

The name change has no impact on the existing property advisory and investor relations agreement.

For further information, please contact:

About Phoenix Spree Deutschland Limited

PSD is an investment company listed on the London Stock Exchange. It offers shareholders exposure to the Berlin residential market through its  actively managed, high quality portfolio of Berlin residential assets. As at 30 June 2020, the portfolio was valued at €746.7 million and consisted of 98 properties containing 2,571 residential units and 141 commercial units, representing a total lettable area of approximately 194,500 square metres.

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 by providing differentiated investment opportunities. It is headquartered in the UK, with offices in Germany and the Netherlands, and employs more than 50 professionals.

German Residential

QSix has extensive experience within the German residential market, investing in properties across Germany since 2006, and more recently focusing on Berlin and the surrounding commuter belt. It is Property Adviser to Phoenix Spree Deutschland Limited, a Berlin-focused residential property fund launched in 2006 and listed on the premium segment of the London Stock Exchange in 2015.

Specialist Mortgages

QSix acts as Investment Adviser to a number of UK specialist mortgage portfolios acquired from many of the UK's leading housebuilders, including Barratt and Bellway. It leverages its acquisition and asset management capabilities using Hampton Mortgage Services (HMS), a specialist in-house asset servicing platform dedicated to servicing loans within the real estate sector.

Real Estate Finance

QSix acts as Investment Adviser to a commercial real estate fund which provides access to senior and mezzanine finance for the acquisition and refinancing of commercial property.

Affordable Housing

QSix will act as Investment Adviser to a portfolio of London residential property which will be let to Local Authority tenants to address their statutory homelessness obligations. Through its highly experienced affordable housing team, the firm is also exploring opportunities in Shared Ownership strategies.