Disposal
P&P Group sells a total of 49 apartments in Erfurt and Zwickau to private investors
  • The two residential projects in sought-after city locations offer full letting and potential for value appreciation
  • P&P Group offers remain in demand among investors

Fürth/Erfurt/Zwickau, December 20, 2023 - The real estate investor and developer P&P Group is selling a total of 49 apartments in the eastern German cities of Erfurt and Zwickau to private investors. "Despite the weak economy and current problems in the real estate sector, our projects are still in demand thanks to stable economic calculations, good locations and attractive yields," emphasizes Eva-Maria Zurek, CEO of the P&P Group: "And not only in our main markets, the metropolitan regions of Nuremberg and Munich, but also for some projects in eastern Germany." The residential properties now sold in Erfurt and Zwickau meet precisely these criteria. They are fully let and offer high-quality real estate and further potential for value appreciation.

A good example is the nine apartments with a total area of 460 square meters in Staufenbergallee in Erfurt's popular Krämpfervorstadt residential district. Thanks to the excellent infrastructure with shopping facilities and numerous services nearby, there is high demand for such properties from tenants and investors. The compact residential units of around 45 square meters each in the modernized apartment building, which was originally built in the Wilhelminian style at the beginning of the 20th century, are currently in particularly high demand. Other plus points are the balconies in all units and the spacious garden designed for communal use.

The walking distance to two educational institutions in the Thuringian state capital - the Erfurt University of Applied Sciences and the private university "IU International University" - also makes the location attractive for staff employed there. This has been the case for the P&P Group in the past and will continue to guarantee predictable income for the new owner.

The P&P Group has also sold a total of 40 listed two- to three-bedroom apartments in Kurt-Eisner-Str. in the northern suburb of Zwickau, which are also fully let. The modernized properties with 2,725 square meters of living space originally date back to the 1950s. In this residential area of Nordvorstadt, the residential property is surrounded by Art Nouveau and Wilhelminian-style architecture.

Over the next few years, the P&P Group will have numerous other interesting project developments for investors. By the end of 2024, the company will launch a total of ten construction projects with more than 1,500 apartments in the metropolitan regions of Nuremberg and Munich. The P&P Group is also making a further EUR 100 million available for the purchase of land and existing buildings with revitalization potential in these regions.

Media contact

Luzia Winkler
Isaak-Loewi-Straße 11; 90763 Fürth
Phone: +49 (0)911 – 766 06 146
Mail: lwinkler@pp-group.com

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