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Phoenix Spree makes hay in Berlin

A chronic shortage of apartments in Berlin is driving rents through the roof
Phoenix Spree makes hay in Berlin

Residential landlord Phoenix Spree Deutschland (PSDL) says that around 85 per cent of its portfolio is now in Berlin, having sold its Nuremberg and Fürth assets for €35.2m (£31.0m), an 11 per cent premium to the December 2016 book value.

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