Nuremberg: P&P sells apartment building


P&P group has sold a housing quarter currently under construction in the southwest of Nuremberg to an institutional investor as part of an asset deal. Colliers International brokered the transaction. A total of 138 residential units with 7,300 sqm floor space spread over four buildings are currently being built on the roughly 7,400 sqm lot on Eisenstraße.  28 % of the units, meaning 32 apartments, are publically subsidized. Completion of the apartment building is scheduled for the spring of 2019; the subsidized apartments should be finished in 2020.


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