The P&P Group has sold an apartment building with a total of 92 apartments in a central location in Fürth to an institutional investor.

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.