Fürth, 16. February 2023 - The real estate investor and developer P&P Group is realizing a new residential property in the southeast of Fürth. The six-story project development with 49 modern residential units and a total rental area of just under 3,500 square meters is being built in an attractive location near the city limits. The building on the 1,595-square-meter site at the corner of Lange Straße and Finkenstraße will also have an underground garage with 51 parking spaces. The apartment mix is consistently tailored to the location - around 90 percent of the units are two- and three-bedroom apartments. Construction work has already begun in January 2023. Completion is scheduled for the second quarter of 2024.

"In the current market situation, in which construction activities are declining and thus a future housing deficit is apparent, we deliberately want to remain active," says Michael Peter, CEO of P&P Group. "With this project, we are helping to create urgently needed living space. In addition, we offer interested buyers an attractive investment in an economically strong metropolitan region."

The location is characterized by excellent local supply and public transport connections. In the immediate vicinity are several retail stores, gastronomic offerings and educational institutions. The Jakobinenstraße subway station is about 350 meters away, and the Finkenstraße bus stop is only about 150 meters away. In addition, Fürth's city park and other parks and sports facilities are within a few minutes' walking distance. Last year, the P&P Group sold a new building with around 4,800 square meters of living space in nearby Spiegelstrasse.

Media contact

P&P Group | Babette Wagner | Isaak-Loewi-Straße 11 |
90763 Fürth | Telefon: 0911 766061-47 | wagner@pp-group.com

PB3C GmbH | Jaroslaw Plewinski | Tauentzienstraße 16 |
10789 Berlin | Telefon: 030 726276-152 | plewinski@pb3c.com

Fürth, 07. September 2022 - The Fürth "Urban Erlebnis Center" FLAIR of the real estate investor and developer P&P Group celebrates its birthday for a whole week - and everyone is invited! The anniversary will be kicked off on September 16, 2022 by Dr. Thomas Jung, Mayor of the City of Fürth, together with Michael Peter, CEO and founder of the P&P Group. During the anniversary week from September 16 to 24, 2022, FLAIR invites all visitors to many attractions, events and special promotions.

The kick-off on Friday, September 16 and the following day will be hosted by "Radio Energy" star presenter Nina. A special highlight awaits visitors on September 17 - a raffle with a grand prize worth 100,000 euros. The highlight of the anniversary week will be an after-work party with DJ and cocktail bar at FLAIR on Thursday, September 22. HOLOGATE, a virtual reality arcade covering more than 1,200 square meters, will then invite all visitors to FLAIR to play arcade games on Friday, September 23. The day will be framed by a hip-hop dance contest with live music. In addition to numerous anniversary offers in the retail stores, prizes will be raffled off via a tombola at the end of the birthday week.

"With the revitalization of the FLAIR a year ago, we wanted to sensibly upgrade downtown Fürth and add a new attractive meeting place to the city. We succeeded," says Michael Peter and adds: "FLAIR has now integrated very well into Fürth's city center and is used intensively. It will be impossible to imagine city centers without places like this in the future - if they are always rethought and geared to what people want."

The FLAIR in Fürth with its unique experience and shopping offer is aimed at the almost 1.2 million people in the catchment area of the Nuremberg metropolitan region. The perfect downtown location offers a direct link to the pedestrian zone and public transport. Customers arriving by car can use the property's 530 convenient parking spaces in the modern underground car park.

"We have prepared a varied program in and around FLAIR and invite everyone to join in the celebrations and come to the living room of the city of Fürth," says Nadja Sossau, event manager at FLAIR, adding, "Visitors can expect a colorful birthday week with surprises, events and special offers. Come to FLAIR and let yourself be enchanted by flair."

You can find more information about the FLAIR here.

Date: 29.07.2022

Project developers are increasingly looking for alternative models to finance their construction projects. Experts therefore expect more joint ventures to emerge in the future to close capital gaps.

Construction and financing costs have been rising steadily for months. The first project developers are coming under margin and consolidation pressure. At the beginning of May, for example, Terragon asked its creditors for a temporary deferral of interest payments due to an unforeseen liquidity bottleneck. In the meantime, the project developer specializing in senior living is in insolvency proceedings. It is looking for potential investors so that the Group can be preserved as a whole.

However, Terragon is unlikely to be the only project developer that will have to cope with liquidity bottlenecks in the coming quarters due to the sharp rise in construction and financing costs. The situation is not made any easier by the fact that interest in forward deals, for example, in which investors take a stake in a project at an early stage and thus provide liquidity, is declining. "2021 was a record year for forward deals," says Michael Peter, founder of investor P&P Group. Those times are unlikely to return anytime soon in the current market environment, with high inflation, supply shortages and soaring construction and financing costs. This is because they are making it increasingly difficult to reliably calculate project developments. As a result, banks are also becoming "increasingly restrictive in granting loans," reports Peter. That's why alternative models are moving into the spotlight to finance projects. One option is joint ventures.

For Nicholas Brinckmann, spokesman for the management board of investor Hansainvest Real Assets, this merger of project partners is a good option, and not just in the current situation: "Joint ventures have been one of our preferred instruments for gaining access to attractive land and project developments for years," says Brinckmann. They could become even more interesting for investors, as their negotiating position vis-à-vis project developers is more advantageous today than it was a few months ago. At that time, there were many investors with a lot of capital on the market, "while the top projects and properties in particular could not be reproduced at will, of course. In some cases, this led to unbalanced contracts at the expense of investors," explains Brinckmann. In the now changing market environment, he notices as an investor "a return to the original idea - the fair sharing of costs and opportunities."

P&P Group founder Peter sees joint ventures as an alternative to forward deals - if "both partners complement each other, otherwise there is no strategic added value. For example, it wouldn't be a good deal if both sides brought capital but no technical expertise. "Corporate cultures also have to complement each other, otherwise the collaboration also goes wrong." He himself has had good experiences with joint ventures, for example by cooperating with a partner based in a different region than his own company. One benefits from the partner's network and product knowledge, he said: "If we, as people unfamiliar with the area, want to buy products, we're always confronted with higher prices." In another joint venture, Peter says, P&P Group provides the capital, and the partner in turn works on the product and takes care of technical and construction and tenancy law issues. "That way, there's always added value."

The Empira Group also sees the advantages of joint ventures. Enrico Flath, Managing Director of the company, manages a fund that specifically enters into joint ventures with project developers. "We have been offering developers both mezzanine capital and equity investments via joint ventures as part of our loan funds since 2016." According to Flath, this combination offers investors a predictable ongoing return on the one hand and an attractive value-added component upon project completion on the other. According to him, the target investments are often mixed-use neighborhood developments with a project volume of 150 million euros or more. "The expense of comprehensive due diligence and subsequent ongoing monitoring only make economic sense above a critical project size," adds the fund manager, who is currently noticing a further increase in demand for joint ventures.

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Benjamin Spieler, Managing Director of the asset manager SIM Group, points out another aspect in this context: "It is often overlooked that the financing challenges in project development also apply in a similar form to existing properties." Especially away from metropolitan areas or in rural areas, modernization projects or even purchases are being financed in an increasingly restrictive manner. "Joint ventures or other entrepreneurial investments, for example in the form of mezzanine financing with profit sharing, can solve this financing squeeze."

Enrico Flath and Michael Peter assume that the joint venture business will continue to gain in importance. "In part, certainly also in cases where classic bank financing or forward funding is no longer possible at conditions as they still are in 2021," says Peter. In his opinion, investment managers with in-house development expertise have an advantage more than ever.

Flath takes a similar view: "Caution is advised when inexperienced investors without in-house expertise want to enter joint venture models. There needs to be stringent due diligence based on relevant and years of experience in the development business." Professional risk management - especially in the current uncertain market situation - is crucial, he adds. Accordingly, Empira likes to "work with developers who have a long and successful track record and whose professionalism we can ideally judge well from previous projects."

• New apartment building with 94 residential units not far from the Wöhrder See lake
• Home office space, local recreation, home comforts
• KfW-55 standard, e-charging stations

Fürth, 14. July 2022 - The real estate investor and developer P&P Group has sold a residential project in the Nuremberg district of Erlenstegen with a total of 6,500 square meters of living space to an institutional investor, the asset manager Columbia Threadneedle Investments (formerly BMO Global Asset Management), as part of a forward deal. The modern building with 94 residential units is located on Thumenberger Weg, not far from Wöhrder See, and offers not only residential comfort and local recreation but also excellent transport links. 30 percent of the residential units have already been rented out, so that the first tenants will move in by mid-August of this year. The parties have agreed not to disclose the purchase price.

The modern one- to five-room apartments are spread over different, staggered house sections with up to five floors and are partly equipped with home office rooms. Due to the exposed location, almost all residents, especially the tenants in the penthouses, have a special view over Nuremberg. Ten outdoor and 65 underground parking spaces - including charging stations for e-cars - round off the property's overall offering. The residential building will be constructed according to the KfW-55 standard. It will be heated sustainably with a modern pellet system.

"The contemporary building appeals to singles as well as couples and families due to the variety of apartment types and meets the highest demands. You can quickly get to the highway or downtown, relax by the lake and also ideally work from home," says Michael Peter, CEO of P&P Group.

About the P&P Group

P&P Group is an investor and investor platform with offices in Munich, Fürth and Frankfurt am Main. 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.

• Property in Schweinfurt with 1,525 square meters of rental space
• Long-term rented single-tenant property
• Property with further development potential

Fürth, 08. July 2022 - Real estate investor and developer P&P Group sells a single-tenant property in Schweinfurt with long-term leases to a family office from the Frankfurt am Main region.

The property at Matthäus-Stäblein-Strasse 7 in Schweinfurt has a leasable area of 1,525 square meters and has been rented by the building materials retailer Raab Karcher since 1998.

"The property offers the new investor crisis security through the current lease agreement and also the potential to expand it structurally. Especially the location in an economically strong region makes the property highly attractive," says Christoph Dreyer, Munich branch manager of the P&P Group, about the sale.

Savills, a consulting firm, acted as the broker for the property.

Best location of the property

The property is very easy to reach, both due to good public transport connections and the immediate proximity to the freeway.

Schweinfurt is one of the strongest economic regions in Bavaria. In addition, the building materials trade is considered a crisis-proof business model.

About the P&P Group

P&P Group is an investor and investor platform with offices in Munich, Fürth and Frankfurt am Main. 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.

The shortage of skilled workers does not stop at the real estate industry. In order to bind young talents to the company at an early stage, the P&P Group has now entered into a strategic cooperation with the Irebs International Real Estate Business School in Regensburg. The partnership, which will give students an insight into the practical work of the real estate division as well as access to the Rivus Capital investment platform initiated by the P&P Group, is initially planned until 2024.

In the past, Irebs had already hired working students and regularly continued to employ them after their studies, according to the company. That is why the cooperation has now been intensified.

"We want to and will help talents to take the next step and the one after that. That means we also offer them long-term career prospects after their master's degree," says Christoph Dreyer, Munich branch manager at P&P Group. Katja Bühren

Fürth, 17. June 2022 - A joint venture of the P&P Group and Skyland Holding is selling about half of the "Blue Moon" portfolio, which consists of a total of around 150 residential units, to an investor operating throughout Europe. The four existing buildings with a total rental area of 2,740 square meters are located in the Leiziger districts of Schönefeld, Lindenau and Anger-Crottendorf. The parties have agreed not to disclose the purchase price.

About the P&P Group

P&P Group is an investor and investor platform with offices in Munich, Fürth and Frankfurt am Main. 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.

Fürth, 16. March 2022 - The real estate investor and developer P&P Group has sold a new building with a total of 92 apartments in Spiegelstraße in Fürth to an institutional buyer. The total living space of just under 4,800 m² is spread over five levels and a penthouse floor with a view of the city park. The apartment mix is tailored to the local micro-location and is divided into one- to four-room apartments with sizes between 23 and 140 m². The building's own underground garage offers 33 parking spaces, supplemented by additional parking spaces in a parking garage within walking distance. The property, which meets all the requirements of the KfW-55 standard, will be ready for occupancy as early as fall 2022.

In addition to the mix of apartments, the property also offers future residents very good transport links with a subway station and the A 73 motorway just a five-minute walk away. Furthermore, they also benefit from a local recreation area just a ten-minute walk away - the Fürth Stadtpark.

"Centrally located residential buildings with modern amenities and a high level of living comfort, such as here in Spiegelstrasse, will continue to attract keen interest from investors in the future," explains Michael Peter, managing partner and founder of the P&P Group. "We are not only creating new living space in Fürth, but we are also following our guiding goal of positively shaping living spaces and cities through a thoughtful interplay of current market requirements and ESG."

On the seller side, the transaction was accompanied by renowned companies in the areas of marketing and legal advice.