The actors of the German Property Group GmbH have been successful in the real estate business for many years as project developers.
The GPG specializes in monument restoration and plays a leading role in the planning, construction and sale of newly developed living spaces in listed buildings.
GPG develops land with listed buildings, such as factories, schools or administrative buildings, and provides coveted living space through targeted renovation and conversion measures. With far-sightedness, the German Property Group is thus creating special apartments that are in demand all over Germany.
Attractive apartments on attractive terms
The German Property Group is active in residential construction. Together with industry-experienced partners, GPG transforms empty heritage properties into living space. Apartment buyers throughout Germany appreciate the resulting old buildings of the GPG because of their particularly appealing architectural features.
The German Property Group makes historic buildings usable in the long term. For the living rooms of the GPG only selected building materials are installed according to the most modern standards.
With the GPG, buyers of old-style apartments not only get an exceptional property, but can also claim a large part of the construction costs for tax purposes. The legal basis is provided by paragraphs 7i and 10f of the Income Tax Act.
Unite old and new building elements
The portfolio of the German Property Group primarily includes listed buildings that have been comprehensively refurbished and are now attractive living space. In many places, to cover the demand for urban living space, it is not enough to convert monument real estate for residential purposes.
Especially in large cities and metropolitan areas, the real estate market is becoming increasingly narrow. In order to provide a particularly high number of urgently needed living space at popular locations, GPG sometimes combines old and new building elements.
By complementing architectural monuments with architecturally coherent new buildings, a residential compaction is achieved, with which GPG makes an important contribution to housing needs coverage in overheated markets.
Monument protection in Germany
Heritage-listed buildings bear witness to their time and, therefore, to the history and culture of a community. The preservation and long-term use of monuments is therefore of great importance in Germany.
In order to encourage private individuals to participate in the preservation of monuments, the state has created a financial incentive, which comes into play with the purchase of listed residential areas.
Over a period of 10 or 12 years, buyers of listed property can deduct up to 100% of their maintenance or modernization costs from their income tax through the so-called „Denkmalschutz-AfA“.
In order for home buyers to be able to fully exploit this tax advantage, the German Property Group ensures that all projects comply with the strict conservation regulations in order not to jeopardize the monument status of the building.
With the help of experienced architects and highly specialized contractors, GPG receives listed buildings for the future and creates attractive apartments on attractive terms.
