Issuer: P&P Group / Key word(s): Real Estate/Expansion Fürth, 04.10.2024 – The German project developer P&P Group is selling more than 100 flats spread across two properties in Nuremberg and Fürth to an institutional investor. A total of almost 7,000 square metres of space is nearing completion in the completely privately financed residential complexes in Germany. Both properties in Bavaria fulfil the requirements for climate-friendly new builds (KFN) and the Quality Seal for Sustainable Buildings (QNG). ‘Tenants in particular will benefit from compliance with the KfN QnG standard thanks to more favourable long-term operating costs,’ explains Christoph Langfritz, CIO of the P&P Group: ’What's more, almost half of the units have already been let. The high-quality finish and good location within the metropolitan region are further reasons for the properties' attractiveness.’ Both projects combine good connections to the respective city centres, public transport and private transport. ‘The sales process has confirmed that demand from institutional investors has increased noticeably this year,’ explains Christoph Langfritz: ’These are encouraging positive market signals.’
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