The renovation work will be completed by the fall of this year and the sale of the apartments will then begin. Michael Peter is certain that demand will be high: “The location combines tranquillity and local recreation with close proximity to the city center. culture and leisure highlights, shopping and restaurants. The connection to public transport is also easy with the Green Park subway station is ideal."

“The clear aim with these apartments is to combine the comfort of a five-star hotel with the rich design history of Mayfair,” explains Michael Peter: “We will succeed in doing this well, as we are working with interior designer Tabitha Isobel on this project.” In addition to the high-quality furnishings, she will also give the units behind the historic façade as much light and space as possible.

This is not the first investment in Mayfair for the P&P team led by Managing Director Michael Peter since its launch on the London market in late summer 2023. An apartment acquired in 2023 at 68 South Audley Street, not far from the new investment location, with around 160 square meters of living space has just been renovated and the sale launched.  

Insgesamt wurden durch P&P London in  Mayfair,  Notting Hill, Knightsbridge, Lambeth und Chelsea. in etwas weniger als einem Jahr ein deutlicher zweistelliger Millionenbetrag investiert.  „Der erneute  Kauf ist ein weiterer Beleg, wie gut wir uns bereits in diesem besonders interessanten Immobilienmarkt etabliert haben“, so Peter.  Insgesamt sollen 2024 durch P&P London sogar Ankäufe im Wert von rund 120 Millionen Euro getätigt werden. Der Fokus liegt dabei auf kompletten Häusern und Einzelwohnungen sowohl in herausragenden Super-Prime-Lagen der City als auch in aufstrebenden Arealen in der gesamten Metropolregion Greater London. „Wir wollen in London in allen relevanten Residential-Segmenten aktiv sein, vor allem auch in Top-Lagen“, so der P&P London Geschäftsführer: „Unsere Marke wird sich so nachhaltig am britischen Residential Markt verankern.“ Dort bieten sich derzeit gute Investment-Möglichkeiten, dank in vielen Bereichen zu beobachtenden Markt-Konsolidierungen. Diese Phasen sind in London sehr selten.“ P&P London verfügt für Investments über eine ausreichende Eigenkapitalausstattung, um flexibel und vor allem schnell reagieren zu können.

About P&P London
P&P London is a spin-off of the P&P Group founded in 2023 and develops, revitalises and markets residential and mixed-use properties in the UK capital. As an initiator, investor and asset manager, P&P London covers all areas of the value chain. Its core competencies include the revitalisation and modernisation of buildings. P&P London can also draw on almost 30 years of development experience through its associated German-based company P&P Group with its Real Estate Germany division.

Media contact

Wolfgang Ludwig
Mathias-Brüggen-Straße 124
50829 Cologne
Phone: +49 (0)221 – 292 19 282
Mail: mail@ludwig-km.de 

Der Standort der nun erworbenen, fünfstöckigen, stuckverzierten Immobilie ist herausragend: In wenigen Minuten erreicht man zu Fuß den Hyde Park, die Kensington Gardens und die Haupteinkaufsstraße Kensington High Street. Die Immobilie befindet sich nur wenige hundert Meter vom Bahnhof Notting Hill Gate entfernt, mit den wichtigen Linien Central, District und Circle: Auch die nahen U-Bahn-Stationen Bayswater, Queensway und Holland Park sorgen für eine gute Anbindung des Londoner Zentrums und des West Ends mit den zahlreichen Tourismusattraktionen, Shopping-Meilen, Bürohäusern, Regierungsgebäuden und Unterhaltungsangeboten. „Das sichert die schnelle Erreichbarkeit von geschäftlichen und privaten Terminen“, betont Phil Kapur, Land Acquisition Director von P&P London. Dafür sorgt auch die zu dem Objekt gehörende interne Garage, ein für Londoner Verhältnisse äußerst seltener Vorteil. 

Michael Peter, the founder, and Managing Director of P&P London, elaborates, "The refurbishment will allow us to fully unlock the potential of this property." Established in 2023 as a subsidiary of the German P&P Group, P&P London focuses exclusively on investments within the British capital. The location of the newly acquired property is exceptional, with Hyde Park, Kensington Gardens, and the bustling Kensington High Street just a short stroll away. Notting Hill Gate station, servicing the Central, District, and Circle lines, is also just a short walk from the property providing convenient access to various parts of London, including the West End. Phil Kapur, the Land Acquisition Director of P&P London, highlights the property's rarity, including an internal garage, a much-coveted amenity by Prime Central London standards, enabling swift access to both business and personal engagements by car if desired.

Since its launch in late summer 2023, P&P London, under the leadership of Managing Director Michael Peter, has invested significantly in prime London locations such as Knightsbridge, Mayfair, Lambeth, and Chelsea, totalling investments in the double-digit millions in just over six months. "The acquisition in Notting Hill further underscores our highly successful inaugural phase in this dynamic property market," notes the Managing Director. n 2024, P&P London aims to continue its strategic acquisitions with a planned investment of approximately £100 million, focusing on residential led development opportunities, restoration and modernisation of complete houses and individual flats in both premier City locations and emerging areas across the Greater London metropolitan region. "The Notting Hill property aligns perfectly with our strategy," emphasizes Michael Peter. "We operate across all relevant residential segments in London, including prime locales."

Capitalizing on the current favourable investment landscape in the British capital, Michael Peter explains, "London's property market historically trends upwards, making the current consolidation phase a unique buying opportunity." Thanks to P&P Group's foresight and robust financial standing, P&P London possesses the agility to swiftly seize such opportunities. The Notting Hill transaction, completed within days using solely equity funds, underscores this capability. Peter concludes, "Extensive due diligence was crucial, and our established London infrastructure facilitated the rapid realization of the Notting Hill project." Anticipating a resurgence in London's property market, Peter remains optimistic "Rents are already increasing, signalling an imminent upward trend. Our investment in Notting Hill positions us to capitalize on this resurgence."

Die Immobilienverkäufe der P&P Group in Deutschland summierten sich 2023 auf 67 Millionen Euro. Dabei entfielen 35,3 Millionen Euro auf den Vertrieb von Eigentumswohnungen und 31,7 Millionen Euro auf den Globalverkauf größerer Einheiten. Den größten Anteil am Vertriebserlös umfasste dabei die Wohnanlage Sunshine Lofts in Bamberg. Dort wurde 2023 im neuen Stadtquartier Lagarde nicht nur der Vertrieb des ersten Bauabschnitts mit 79 Einheiten erfolgreich abgeschlossen, sondern auch direkt mit der Vermarktung des zweiten Abschnitts begonnen. Großes Interesse bei Selbstnutzern und Kapitalanlegern fand das Angebot auch wegen des wegweisenden Energieeffizienzkonzeptes. Über die Kombination von Erdwärme, Wärmepumpe, Photovoltaik, Blockheizkraftwerk und Speicher-Management werden rund 70 Prozent der benötigten Energie direkt vor Ort gewonnen.

„Die guten Verkaufszahlen in Bamberg sind unter anderem auf unsere eigene Vertriebsplattform zurückzuführen, die wir 2023 noch effektiver genutzt haben und künftig weiteren Partnern anbieten“, erläutert Eva-Maria Zurek, CEO der P&P Group. Auf diese Weise wurden insgesamt mehr als 100 Eigentumswohnungen verkauft. „Das ist die richtige Antwort auf die angespannte Situation in der Immobilienwirtschaft und die gesamtwirtschaftliche Abschwächung. So bieten wir etwa für das hochwertige Objekt in Bamberg eine stimmige und überzeugende Investitionsmöglichkeit“, so Zurek. Sie verweist im Rahmen der Vorstellung der 2023er Erfolgszahlen vor allem auch darauf, dass die P&P Group an allen Projektbaustellen unverändert weitergearbeitet hat. „Unsere Geschäftspartner und die Handwerksfirmen wissen das zu schätzen. Das war 2023 ja bei weitem nicht selbstverständlich“, so Zurek.

Zurek takes particular pride in the extensive investment announcements within the property sector. The P&P Group plans to capitalize on opportunities in the current year, aiming to sustain the positive trend observed in 2023. By the end of 2024, the group intends to initiate ten new construction projects, yielding over 1,500 flats in the metropolitan regions of Nuremberg and Munich. Additionally, an allocation of £100 million from equity will be earmarked for the acquisition of land and existing buildings with revitalization potential in these regions. Zurek attributes this expansion to the reinforced equity base, stating, "This is primarily made possible by the strengthened equity base." The strategic use of resources underscores the group's commitment to growth and further solidifies its position in the property development landscape.  

In Großbritannien hat die P&P London in den ersten sechs Monaten nach dem Markteintritt bereits für einen zweistelligen Millionenbetrag Immobilien angekauft. Michael Peter: „Das ist eine sehr erfreuliche Startphase für das neue Unternehmen und bestätigt, dass unser Eintritt in den extrem interessanten Immobilienmarkt richtig war.“ Chelsea, Mayfair und Lambeth heißen die ersten gewählten Standorte. Strategisch geht es sowohl in Super-Prime-Lagen der City als auch in aufstrebenden Arealen in der gesamten Region Greater London stets um komplette Häuser und Einzelwohnungen, bei denen architektonisch, baulich oder konzeptionell eine Neupositionierung sinnvoll ist. Im Fokus stehen auch Mixed-Use-Angebote mit einem erheblichen Residential-Anteil. „Nach diesem erfolgreichen Start werden wir 2024 die Ankäufe durch P&P London deutlich ausdehnen auf rund 120 Millionen Euro. Das Team in London wächst dafür auf etwa 20 Mitarbeiter.“ kündigt Michael Peter an.

The past year proved highly successful for Rivus Capital, the family office specializing in venture capital and private equity. In 2023, Rivus Capital made several noteworthy investments. This included backing Filu, a modern veterinary practice breaking new ground. Additionally, a venture capital investment was made in Atlas Metrics, an ESG platform providing software for sustainability framework compliance to entities such as KfW and over 1,600 other customers (e.g., CSRD). Rivus' venture capital team also participated in a £11,2 million follow-up financing round for Deskbird, a desk-sharing software solution enabling the booking of desks, meeting rooms, or car parks. Towards the end of the year, the Rivus Private Equity team finalized the acquisition of a leading manufacturer specializing in technology solutions for water treatment and purification. Michael Peter emphasized the strategic significance of investing in sustainable and forward-looking markets, noting that it strengthens the economic substance and resilience of the company. Looking ahead to 2024, Rivus Capital plans to invest a double-digit million £ amount, with a focus on new platform acquisitions and add-ons in the private equity segment. This reflects the company's commitment to continued growth and strategic positioning in dynamic markets.

Contact person for media:

Wolfgang Ludwig
Mathias-Brüggen-Straße 124
50829 Cologne
Phone: +49 (0)221 – 292 19 282
Mail: mail@ludwig-km.de 

Contact UK 
Alia Moteleb
7 Cavendish Place
London, W1G 0QB
Telefon: +44 20 3179 3100
Mail: info@pp-london.com

There are currently particularly good opportunities for investments in the London property market. "For the first time in a long time, prices are falling in many areas, which we are currently capitalising on," explains Peter: "Thanks to the P&P Group's cautious approach to business in the past, we have sufficient capital resources to react flexibly and quickly to purchase opportunities." Following the current slowdown in demand for property, Michael Peter expects a renewed boom in London.

To strategically position itself in the current scenario, P&P London focuses on flats and residential buildings situated in favourable locations where repositioning is viable from architectural, structural, or conceptual perspectives. To enable this strategy, P&P undertakes necessary refurbishments on the properties, creating additional avenues for growth. An illustrative example is the acquisition in Lambeth, where P&P London purchased a four-story mixed-use property housing flats and the renowned Rose Pub, originally constructed around 1870, directly along the Thames. This historic Victorian-style pub, cherished by both locals and tourists, has stood for about 150 years, with its lease extending for another 15 years. Situated at 35 Albert Embankment, in close proximity to the US Embassy and a short walk from the Coronation Church of Westminster Abbey, the location holds significant potential given evolving demand trends. P&P is considering offering micro-apartments within the premises. Michael Peter notes, "In London, there is a growing trend of people opting to reside in well-located areas near shopping, cultural attractions, and recreational facilities, even if it means compromising on living space."

P&P will be renovating its recently acquired five-story building in the Chelsea district, originally constructed around 1870, in a manner that preserves its historical essence. The renovations include restoring Victorian iron railings and encaustic tiles, enhancing the property's appeal for the high-price segment. Located on Redcliffe Gardens street in the historic Victorian quarter in the southwest of the capital, the property is well-positioned to attract discerning residents. The area's advantages include excellent public transportation links provided by Earl's Court and Gloucester Road underground stations. Notably, the renowned Piccadilly Line offers quick access to prominent stations such as Hyde Park, Covent Garden, King's Cross, and Piccadilly Circus within minutes.

“All of these investments firmly establish the P&P London brand in the British residential market," emphasizes Michael Peter. "We are demonstrating our active presence across all relevant property sectors in London." The targeted portfolio includes entire houses and individual flats in exceptional super-prime locations within the City, as well as in emerging areas throughout the Greater London metropolitan region. The focus extends to mixed-use properties with a substantial residential component. "In all the locations we've chosen so far, there's a notable imbalance between rental demand and supply. This has already led to a significant increase in rents in the local markets," highlights Michael Peter. "Furthermore, a substantial upward trend is expected in the purchase market soon. Our investments will also reap the benefits of this positive shift."

P&P London is a spin-off of the P&P Group founded in 2023 and develops, revitalises and markets residential and mixed-use properties in the UK capital. As an initiator, investor and asset manager, P&P London covers all areas of the value chain. Its core competencies include the revitalisation and modernisation of buildings. P&P London can also draw on almost 30 years of development experience through its associated German-based company P&P Group with its Real Estate Germany division.

Contact Germany 
Wolfgang Ludwig  I  Mathias-Brüggen-Straße 124  I  50829 Köln  I  T.: 49 (0) 221 292 19 282  I  mail@ludwig-km.de

Contact UK  I  Alia Moteleb I  7 Cavendish Place  I  London, W1G 0QB  I  T: +44 20 3179 3100  I  info@pp-london.com