The decision to found an independent project development company in 2003 was made in view of important trends emerging in the German real estate market.

• The long-term nature and the low risk of property investments have increasingly appealed to investors in recent years.
• The volumes institutional property investors seek to invest in the market remain high.
• Return potential now clearly prevails over tax considerations.
• Investors focus even more on the quality of locations and previous tenants.
• New - and mostly foreign - market participants increasingly treat real estate as a capital market product and sometimes build large property portfolios.

In this environment, financially strong property development teams with extensive expertise and a reliable interdisciplinary network will be successful, both as principal and in joint ventures with investors.

The expertise of its three partners and its employees enables Phoenix to deal with - and exploit - the new challenges inherent in the development of commercial real estate.