An apartment project situated in Germany, specifically in Berlin, offers an investment opportunity with a price per share of €500. The estimated minimal return stands at 8.5%, with the property valued at €1,614,000. The project entails the development of a new apartment building comprising 33 residential units across approximately 2,293 m² of living space. Additionally, four terraced houses with a total living area of around 522 m², each accompanied by a parking space, are planned. Five outdoor parking spaces will also be designated for the residential units within the apartment building.

Currently, a small unoccupied building occupies the 2,522 m² plot, set for demolition to pave the way for the new construction. Building permits have been secured, with ongoing coordination discussions due to modifications in the original plan, necessitating a revised building application. An additional permit has been obtained, marking progress in the project's development.

Construction commencement is slated for the third quarter of 2024, with a target completion date in the third quarter of 2026. The repayment of the ECSP loan and investor capital is anticipated from the sales of individual residential units, parking spaces, and terraced houses, with average sales prices projected at €7,200 per square meter for residential units and terraced houses, and €18,000 for parking spaces, each linked to an apartment.

Sales activities have already commenced, with reservations secured for seven residential units and a terraced house. The ECSP loan can be reimbursed upon achieving approximately 80% of the anticipated total proceeds, subject to accurate cost forecasts. The repayment window spans from December 31, 2025, to September 30, 2026, with funds allocated to construction and project repayment through individual unit sales.