The renovation work will be completed by autumn this year and the sale of the flats will then begin. Michael Peter is certain that demand will be high: ‘The location combines tranquillity and local recreation with close proximity to culture, leisure highlights, shopping and restaurants. The Green Park underground station also offers excellent public transport links.‘

‘The clear aim of these flats is to combine the comfort of a five-star hotel with the rich design history of Mayfair,” explains Michael Peter: “We will succeed in doing this because we are working with the talented interior designer Tabitha Isobel on this project. In addition to the high-quality furnishings, she will also provide the units behind the historic façade with as much light and space as possible. ‘

This is not the first investment in Mayfair for the P&P team led by Managing Director Michael Peter since its launch on the London market in late summer 2023. A flat acquired in 2023 at 68 South Audley Street, not far from the new investment location, with around 160 square metres of living space has just been renovated and the sale launched. 

In total, P&P London has invested a significant double-digit million sum in Mayfair, Notting Hill, Knightsbridge, Lambeth and Chelsea in just under a year. ‘This latest purchase is further proof of how well we have already established ourselves in this particularly interesting property market,’ says Peter. In total, P&P London is set to invest £ 100 million in 2024. The focus will be on complete houses and individual flats both in outstanding super-prime locations in the City and in up-and-coming areas throughout the Greater London metropolitan region. ‘We want to be active in all relevant residential segments in London, especially in prime locations,’ says the P&P London Managing Director: ‘This will anchor our brand in the UK residential market in the long term.’ There are currently good investment opportunities there, thanks to the market consolidation that can be observed in many areas. These phases are very rare in London." P&P London has sufficient equity capitalisation for investments to be able to react flexibly and, above all, quickly. 

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 London. 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.

Press Contacts:
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