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.