Phoenix Spree Deutschland, a UK-listed investment company specializing in German residential real estate, has recorded substantial growth in value for the portfolio of investment properties valued by JLL. The valuation shows an increase of 16.7 percent over the six-month period and equates to a value per square meter of €1,775. At the end of 2015, that figure was just €1,635. On a like-for-like basis, after adjusting for the impact of acquisitions net of disposals, the portfolio valuation increased by 9.8 percent in the six months ending June 30. Berlin demonstrated the strongest growth for the company, with a like-for-like increase of 13.7 percent.
