P&P London | Real estate industry
P&P London acquires four more apartments in prime Mayfair location
  • The location at 27 Bolton Street is in the immediate vicinity of Buckingham Palace and Green Park
  • Distribution starts after completion of the renovation work in autumn
  • P&P London to invest a total of 120 million euros in 2024

London, June 07, 2024 - As a real estate investor and developer, P&P London is acquiring four further apartments in a prime location in the British capital. The units in the Mayfair district, which measure between 71 and 91 square meters, are now being refurbished to a high standard. “We are making the most of the property's great potential with a luxurious fit-out,” explains Michael Peter, founder and Managing Director of P&P London: “We are creating first-class offers for second homes in the city center at this prime location. There is hardly a better location in London." From 27 Bolton Street, Buckingham and Green Park are just a few minutes' walk away. Peter: “In such prime locations, comparable opportunities for developments are extremely rare. So we can be extremely proud of this success for P&P London." The London-focused developer was founded in 2023 as a spin-off of the German P&P Group.

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.  

In total, P&P London has invested a significant double-digit million amount in Mayfair, Notting Hill, Knightsbridge, Lambeth and Chelsea in just under a year. “This latest purchase is further proof of how well we have already established ourselves in this particularly interesting real estate market,” says Peter. In total, P&P London is set to make purchases worth around 120 million euros in 2024. The focus will be on complete houses and individual apartments both in outstanding super-prime locations in the City and in up-and-coming areas throughout the Greater London metropolitan region. “We want to be active in all relevant residential segments in London, especially in prime locations,” says the P&P London Managing Director: “Our brand will become firmly established in the UK residential market.” There are currently good investment opportunities there, thanks to the market consolidation observed in many areas. These phases are very rare in London." P&P London has sufficient equity for investments to be able to react flexibly and, above all, quickly.

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.

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Luzia Winkler
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Wolfgang Ludwig
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Mail: mail@ludwig-km.de