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

Bamberg, 8. February 2023 - The real estate investor and
-developer P&P Group is realizing a total of more than 300 modern and light-flooded apartments in several construction phases on the site of the former Lagarde barracks in Bamberg. The SUNSHINE LOFTS will be given a special identity and radiance through the preservation of the historic building fabric: The characteristic bricks of the barracks will be preserved and integrated into the building ensemble. Construction will begin in the first quarter, so that the first apartments can be handed over at the end of 2024. Sales of the condominiums have already started very successfully.

On the 20-hectare site near the city center, several partners with high aspirations are currently jointly developing one of Europe's most innovative urban districts, the "Quarter of the Future," with affordable housing for around 2,400 people, lots of green space and a forward-looking energy and mobility concept.

In developing the SUNSHINE LOFTS, the P&P Group is focusing on a contemporary apartment mix that optimally meets the various requirements of people in all age and life phases. The modernly equipped one- to four-bedroom apartments ranging in size from 25 to 78 square meters in the first sales phase will feature, among other things, floor-to-ceiling windows, underfloor heating and balconies or loggias. In addition, the ground-floor apartments will have a terrace with a garden area. Publicly subsidized apartments will also be built as part of the realization. The entire neighborhood will be built to KfW Efficiency House 55 and 70 standards. All neighborhood streets are planned as traffic-calmed play streets.

Sustainable energy and mobility concept

The P&P Group attaches great importance to the sustainability of the SUNSHINE LOFTS: With a future-oriented energy concept, the experienced developer relies on geothermal energy, heat pumps driven by photovoltaic systems, and intelligent storage management including a connected combined heat and power plant, so that around 70 percent of the required energy is generated directly on site.

The climate-friendly mobility concept for the neighborhood development is based on the "own bike - shared car" approach and includes decentralized bicycle parking spaces, a car and bike sharing service, and charging options for all types of e-vehicles.

The SUNSHINE LOFTS are located in the east of Bamberg, on Zollnerstraße. In the immediate vicinity there are various gastronomic offers, a local supplier, sports and park facilities as well as educational institutions. A bus stop is located directly in front of the building complex and can be reached within two minutes. The main train station is 1.5 kilometers away.

"With this project development, we are creating unique living spaces and offering people in all phases of life an attractive living option in an innovative neighborhood. In line with current demand, we will create 75 percent apartments with two or three rooms. The response to date confirms that we are on the right track and has even exceeded our expectations - the show apartment that has already been opened has met with great interest, with more than 30 reservations already received just a few days after the start of sales. In particular, the far-sighted planning of our entire team has led to this high demand. We are currently finalizing the first sales," says Eva-Maria Zurek, COO of P&P Group.

The P&P Group, which has been creating sustainable value in all asset classes through innovative construction projects for almost 30 years, has already realized over 8,000 apartments.

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, 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.