P&P Group

P&P Group sells in Germany two residential complexes in Nuremberg and Fürth with over 100 units - The completely privately financed projects are nearing completion

Issuer: P&P Group / Key word(s): Real Estate/Expansion
P&P Group sells in Germany two residential complexes in Nuremberg and Fürth with over 100 units - The completely privately financed projects are nearing completion

04.10.2024 / 14:22 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Fürth, 04.10.2024 – The German project developer P&P Group is selling more than 100 flats spread across two properties in Nuremberg and Fürth to an institutional investor. A total of almost 7,000 square metres of space is nearing completion in the completely privately financed residential complexes in Germany. Both properties in Bavaria fulfil the requirements for climate-friendly new builds (KFN) and the Quality Seal for Sustainable Buildings (QNG). ‘Tenants in particular will benefit from compliance with the KfN QnG standard thanks to more favourable long-term operating costs,’ explains Christoph Langfritz, CIO of the P&P Group: ’What's more, almost half of the units have already been let. The high-quality finish and good location within the metropolitan region are further reasons for the properties' attractiveness.’ Both projects combine good connections to the respective city centres, public transport and private transport. ‘The sales process has confirmed that demand from institutional investors has increased noticeably this year,’ explains Christoph Langfritz: ’These are encouraging positive market signals.’
About the P&P Group:
The P&P Group has been developing, revitalising and marketing residential construction projects and commercial properties for almost 30 years. With a total transaction volume of more than 3.3 billion euros and currently around 130 employees, P&P covers all areas of the value chain as an initiator, investor and asset manager. Its core competencies include the development of new buildings as well as the revitalisation and modernisation of old buildings worthy of preservation.

Press contact:
Manuel Fogadic
Isaak-Loewi-Straße 124
90763 Fürth (Germany)
Tel.: +49 (0)911 – 76606145
Mail: [e-mail]

Wolfgang Ludwig
Mathias-Brüggen-Straße 124
50829 Köln (Germany)
Tel.: +49 (0)221 – 292 19 282
Mail: [e-mail] 
 

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