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Investegate |Phoenix SpreeDeutsch Announcements | Phoenix SpreeDeutsch: Statement re Berlin rent controls (Mietendeckel)

Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in German residential real estate, comments on the ruling by the German Federal Court on the legality of the Mietendeckel

Federal Court rules against legality of Mietendeckel
The Company welcomes the ruling by the German Federal Court today on the legality of the Mietendeckel. PSD and its legal advisors have always been firmly of the opinion that the Mietendeckel was unconstitutional and that State law could not supersede Federal law, a view which has now been upheld by the highest court in Germany.

Positive financial impact
The final phase of the Mietendeckel became effective on 23 November 2020 and had already been fully implemented by the Company. QSix, the Company s Property Advisor, has previously estimated that the financial impact of the combined measures for the financial year ended 31 December 2020 was in the region of 4 per cent of gross re ....

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DEUTSCHE WOHNEN IM FOKUS: Alle Augen auf den Berliner Mietendeckel

DEUTSCHE WOHNEN IM FOKUS: Alle Augen auf den Berliner Mietendeckel
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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„Deutsche Wohnen & Co. enteignen!": Innenverwaltung erklärt Volksbegehren zur Enteignung für zulässig - Inland - Überregionales

„Deutsche Wohnen & Co. enteignen!": Innenverwaltung erklärt Volksbegehren zur Enteignung für zulässig - Inland - Überregionales
pnn.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pnn.de Daily Mail and Mail on Sunday newspapers.

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