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PSDL hikes portfolio 15.3% in calendar 2015

14 January 2016 11:13

Phoenix Spree Deutschland said its investment portfolio was valued at 282.8m euros at Dec. 31, 2015, from 245.3m euros a year earlier. This represented a hike of 15.3%, it said.

"This increase in valuation reflects yield movement and adjustments due to improved property condition; rental income increases; decreasing vacancy; market rent adjustments; and the net impact of acquisitions and disposals (11.97m euros)," the company said.

On a like-for-like basis, the Portfolio valuation increased by 10.6% in the twelve months to Dec. 31, 2015. This compared to like-for-like growth of 5.3% for the six months ended June 30, 2015.

At 11:13am: (LON:PSDL) Phoenix Spree Deutschland share price was +3.5p at 167p

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