P&P Group Sells Two Residential Complexes in Germany

P&P Group, a German project developer, has announced the sale of two residential complexes in Nuremberg and Fürth, totaling over 100 units, to an institutional investor. The projects cover nearly 7,000 square meters and are close to completion. These privately financed properties adhere to climate-friendly building standards (KFN) and possess the Quality Seal for Sustainable Buildings (QNG).

The developments are strategically located, boasting excellent connectivity to city centers and transport networks. Almost half of the units have already been leased, attributed to their high-quality finishes and prime location in the metropolitan region. Christoph Langfritz, CIO of P&P Group, highlights the increase in demand from institutional investors this year as a positive market signal.