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.
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