In 2023, German property developer P&P Group, alongside its affiliated entities, the British property developer P&P London and Rivus Capital, achieved remarkable success and positive financial figures

In 2023, the P&P Group achieved property sales in Germany amounting to a total of £ 57,5 million. Within this figure, condominium sales contributed £ 30,3 million, while the global sale of larger units accounted for £ 27,2 million. The largest portion of the sales revenue was attributed to the Sunshine Lofts residential complex in Bamberg. This specific property evidently played a significant role in the overall success of the P&P Group's property sales during the mentioned period.

The P&P Group achieved in 2023 success not only in completing the sale of the first construction phase comprising 79 units in the new Lagarde urban quarter but also promptly initiated the marketing of the second phase. The innovative energy efficiency concept implemented in this development garnered significant interest from both owner-occupiers and investors. This concept, which combines geothermal energy, heat pump, photovoltaics, a combined heat and power plant, and storage management, enables the generation of approximately 70 per cent of the required energy directly on-site. This groundbreaking approach not only underscores the group's commitment to sustainability but also contributes to the attractiveness of the properties for potential buyers and investors.

"The good sales figures in Bamberg are partly due to our own sales platform, which we utilised even more effectively in 2023 and will offer to other partners in future," explains Eva-Maria Zurek, CEO of the P&P Group. In response to the challenging conditions in the property industry and the broader economic downturn, more than 100 condominiums were successfully sold. According to Zurek, this approach represents an appropriate response to the current situation, providing a cohesive and compelling investment opportunity for high-quality properties in Bamberg. While presenting the 2023 performance figures, Zurek highlighted that the P&P Group maintained its commitment to ongoing work on all project construction sites without disruption. She noted, "Our business partners and the trade companies appreciate this. That was by no means a given in 2023." This underscores the resilience and dedication of the P&P Group, even in a challenging economic landscape.

Zurek takes particular pride in the extensive investment announcements within the property sector. The P&P Group plans to capitalize on opportunities in the current year, aiming to sustain the positive trend observed in 2023. By the end of 2024, the group intends to initiate ten new construction projects, yielding over 1,500 flats in the metropolitan regions of Nuremberg and Munich. Additionally, an allocation of £100 million  from equity will be earmarked for the acquisition of land and existing buildings with revitalization potential in these regions. Zurek attributes this expansion to the reinforced equity base, stating, "This is primarily made possible by the strengthened equity base." The strategic use of resources underscores the group's commitment to growth and further solidifies its position in the property development landscape.

In the UK, P&P London has successfully acquired properties worth tens of millions within the first six months of entering the market. Michael Peter expressed satisfaction, stating, "This is a very pleasing start for the new company and confirms that our entry into this extremely interesting property market was the right move." Chelsea, Mayfair, and Lambeth have been identified as the initial selected locations for these acquisitions. Strategically, the focus for P&P London extends to both super-prime locations in the city and emerging areas throughout the Greater London region. The emphasis is consistently on complete houses and individual flats, with a focus on repositioning that aligns with architectural, structural, or conceptual considerations. The strategic direction also includes mixed-use offerings with a substantial residential component.

Building on this successful initial phase, Michael Peter announces plans for a significant expansion of acquisitions by P&P London, targeting approximately £ 120 million in 2024. In parallel with the increased investment, the London team is expected to grow to around 20 employees. This expansion signifies the company's commitment to further establishing its presence and influence in the London property market.

The past year proved highly successful for Rivus Capital, the family office specializing in venture capital and private equity. In 2023, Rivus Capital made several noteworthy investments. This included backing Filu, a modern veterinary practice breaking new ground. Additionally, a venture capital investment was made in Atlas Metrics, an ESG platform providing software for sustainability framework compliance to entities such as KfW and over 1,600 other customers (e.g., CSRD).

Rivus' venture capital team also participated in a £11,2 million follow-up financing round for Deskbird, a desk-sharing software solution enabling the booking of desks, meeting rooms, or car parks. Towards the end of the year, the Rivus Private Equity team finalized the acquisition of a leading manufacturer specializing in technology solutions for water treatment and purification.

Michael Peter emphasized the strategic significance of investing in sustainable and forward-looking markets, noting that it strengthens the economic substance and resilience of the company. Looking ahead to 2024, Rivus Capital plans to invest a double-digit million £ amount, with a focus on new platform acquisitions and add-ons in the private equity segment. This reflects the company's commitment to continued growth and strategic positioning in dynamic markets.
 

About P&P Group:
For nearly three decades, the P&P Group has been actively involved in the development, revitalization, and marketing of residential projects and commercial properties. Serving as an initiator, investor, and asset manager, P&P comprehensively covers all aspects of the value chain. With a cumulative transaction volume surpassing £2.8 billion and a current workforce of approximately 130 employees, P&P has established itself as a key player in the industry. The core strengths of the group lie in the development of new structures and the restoration and modernization of historically significant buildings.

About P&P London:
P&P London is a spin-off of the P&P Group founded in 2023 and develops, revitalises and markets residential and mixed-use properties in the UK capital. As an initiator, investor and asset manager, P&P London covers all areas of the value chain. Its core competencies include the revitalisation and modernisation of buildings. P&P London can also draw on almost 30 years of development experience through its associated German-based company P&P Group with its Real Estate Germany division.

About Rivus Capital:
Rivus Capital, an owner-managed family office headquartered in Munich, specializes in investing capital from entrepreneurs for entrepreneurs. The firm actively participates in financing rounds for start-ups during the seed and growth phases (venture capital). Additionally, Rivus Capital acquires majority stakes through buy-outs and succession planning in established, sustainably growing medium-sized companies (private equity). Rivus Capital's investment approach is exclusively centered on companies dedicated to creating a sustainable, clean, safe, and healthy world for both current and future generations.
 

Press contact:
Luzia Winkler
Isaak-Loewi-Straße 11
90763 Fürth
Telefon: +49 (0)911 – 766 06 146
Mail: l.winkler@pp-group.com

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

UK 
Alia Moteleb
7 Cavendish Place
London, W1G 0QB
Telefon: +44 20 3179 3100
Mail: info@pp-london.com