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Berlin residential property investor Phoenix Spree Deutschland said its portfolio valuation had risen 4.3% in the year through December.
The portfolio value had increased to €801.5 million, with a like-for-like portfolio increase of 6.3%, the company said in a trading update.
Condominium pricing remained strong during 2021, with an average premium to December 2020 book value of 19.1%, it added.