Readcrest Capital Alters Sales Strategy for Halle Project

Readcrest Capital AG has revised its strategy for its construction project in Halle, opting to sell apartments individually rather than through a block sale. This decision responds to a weak investment market amidst increasing housing shortages in German urban areas. A new financing structure with banks supports this shift, and a revamped building application is expected later this year. Construction is anticipated to commence in mid-2027.

CEO Rolf Elgeti highlighted the strong housing demand in Halle and the project's prime location near key city landmarks. He expressed confidence in robust demand for smaller units. Managing Director Till Schwerdtfeger noted Halle's cultural and academic significance and ongoing city center developments.