P&P Group Concludes Successful Year with Nuremberg Project Sale

P&P Group, a project developer, closed the 2024 financial year by selling a significant residential development in Nuremberg, Germany. Located in Kreuzsteinstrasse, the project consists of 121 flats, planned for completion by the end of 2025. These units range from 28 to 80 square meters and include 57 underground parking spaces.

The property, acquired by a fund managed by Tishman Speyer, spans nearly 7,000 square meters in living space. It offers convenient access to retail, services, and leisure facilities, with strong transport links via the A73 motorway and local public transport.

Christoph Langfritz, P&P Group CIO, highlights the project's location as a thriving area for development, aligning with the company's strategy to capitalize on up-and-coming neighborhoods. The sustainable property meets KfW's KfN - QNG standards. Amanthos Immobilien facilitated the transaction.