German project developer P&P Group launches next sales phase of more than
300 freehold flats on the Lagarde Campus in the Bavarian city Bamberg due to
high demand

Issuer: P&P Group / Key word(s): Real Estate/Expansion
German project developer P&P Group launches next sales phase of more than
300 freehold flats on the Lagarde Campus in the Bavarian city Bamberg due to
high demand

15.05.2024 / 07:17 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Bamberg/Fürth, 15 May 2024 - In Germany, project developer P&P Group has
successfully completed another sales phase of the more than 300 freehold
flats on the Lagarde Campus in the Bavarian city of Bamberg. Almost half of
all units have now been sold. High demand is also expected for this next
sales phase. This is because the site has a special feature that can bring a
tax advantage for purchasers - it is located in a redevelopment area. The
reason for this is that some of the new apartments will be built on the
former US barracks on the Lagarde Campus, which was home to thousands of
American soldiers and their families for around 70 years. A special tax
write-off for buildings can be granted for the necessary renovation work in
accordance with sections 7h and 10f of the German Income Tax Act. "The
special thing about this is that not only investors but also owner-occupiers
can benefit from this form of depreciation," explains Christoph Langfritz,
CIO of the P&P Group: "This is a unique feature of German tax law."

Both singles and families can benefit from the tax relief. This is because
the P&P Group builds a wide range of flat sizes, from one-bedroom flats with
21 square metres to spacious family accommodation with four rooms and 97
square metres. On the Lagarde Campus, a pioneering neighbourhood is being
created that will serve as a model for the whole of Germany: a mix of
housing, services, government offices, medical care and culture. The new
neighbourhood is also exemplary in terms of both energy and mobility. Up to
80 per cent of the energy required is generated directly in the district
through a combination of geothermal energy, wastewater utilisation, heat
pumps, photovoltaic systems, combined heat and power plants and advanced
storage management. Centrally planned multi-storey car parks and
traffic-calmed zones are also particularly progressive. The fact that
pedestrians can keep to themselves in many areas and at certain times means
a high quality of life for future residents. The neighbourhood also focuses
on bicycle preference and the progressive sharing of e-mobility, including
e-scooters and e-cargo bikes.


About the P&P Group:
The German P&P Group has been developing, revitalising and marketing
residential construction projects and commercial properties for almost 30
years. With a total transaction volume of more than 3.3 billion euros and
currently around 130 employees, P&P covers all areas of the value chain as
an initiator, investor and asset manager. Its core competencies include the
development of new buildings as well as the revitalisation and modernisation
of old buildings worthy of preservation.

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

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


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