An apartment in Germany, located in Hamburg, is currently available for investment at a price per share of €500. The estimated minimal return on this property is 8.5%, with a total property value of €1,056,000. Situated on a 6,308 m² plot of land behind a dyke, the development project includes the construction of two multi-family houses comprising 49 residential units and three commercial units, totaling approximately 3,901 m² of usable space, complemented by 49 associated parking spaces.

Construction is well underway, with completion scheduled for the first quarter of 2025. Progress stands at around 65%, with the shell completed and facade work in progress, set to finish by June 2024. Interior work, including electrical installations, is also currently ongoing, ensuring steady advancement towards the project's completion.

The residential units, spanning across different floors and accessible by elevator, offer 2 to 3-room layouts with living spaces ranging from approximately 61 m² to 96 m². Each apartment boasts premium features, from fitted kitchens with branded appliances to Villeroy & Boch bathroom fittings and even a private sauna, ensuring a high standard of living for future occupants.

Funding for this project, including the ECSP loan, will be repaid from the sales of residential and commercial units, along with parking spaces. The developer anticipates average sales prices of around €4,250 per m² for these units. Sales efforts have commenced, with a significant portion of the units and parking spaces already sold, indicating a promising sales status and progress towards the targeted repayment milestones.

With sales expected to be finalized by the fourth quarter of 2024, investors can anticipate potential payback between November 30, 2025, and May 31, 2026. The project's repayment strategy, coupled with the ongoing sales activities managed by Meine Ferienimmobilie GmbH, aims to ensure a successful investment venture for all stakeholders involved.