P&P Group veräußert Wohnprojekte in München und Nürnberg

Building site | Real estate industry | Disposal

P&P Group sells residential projects in Munich and Nuremberg

Plot with existing building permit in very good location in Munich-Hadern
Partially renovated residential property in Nuremberg-Höfen

München, 18. January 2023 - Real estate investor and developer P&P Group announces the sale of two residential projects:

In Munich, a plot of land with an existing building permit for a three-story apartment building was sold to a local developer. The project is currently planned to meet the "Effizienzhaus 40" energy standard. It is located in a very good residential area in the Hadern district and has excellent transport links to the nearby city center and the surrounding area of Munich.

In Nuremberg, P&P Group sold a partially refurbished residential property in the Höfen district to a private investor. The property, consisting of a five-story front building and a four-story rear building, is located in an up-and-coming neighborhood in the vicinity of the new city district "The Q" and is characterized by an attractive mix of different apartment sizes.

The parties agreed not to disclose the purchase price.

"The sale of the two residential projects shows that there is still demand in the market for high-quality residential projects. Thanks to the equity strength of the two investors, the transactions were completed quickly and smoothly before the end of the year. Transactions built on such a solid foundation can also be implemented without any problems in the current market environment. The market continues to need high-quality products and therefore our development pipeline is well filled for the coming years," says Christoph Dreyer, Managing Director at P&P Group.

About the P&P Group

P&P Group is an investor and investor platform with offices in London, Berlin, Munich and Fürth. The operating investor with excellent technical expertise and almost 30 years of history realizes complex portfolios in the residential, office and retail segments. The accumulated transaction volume to date amounts to €3.1 billion.

In addition to real estate, P&P Group invests in the asset classes of private equity and venture capital through its wholly owned subsidiary RIVUS CAPITAL. The overarching investment focus is on the real estate-related sectors of real estate, infrastructure and ESG. CEO and managing partner of the P&P Group is Michael Peter.

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