Readcrest Capital AG
EXJ.DE
Deutsche Börse1.40
EUR
+0.03
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Readcrest Capital AG
EXJ.DE
(Deutsche Börse)
Recent
price
1.40
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Readcrest Capital AG (EXJ.DE) is a Germany-based strategic real estate investment firm headquartered in Hamburg and founded in 1999 that employs a hybrid twin model strategy focused on European markets, generating stable crisis-resistant cash flows from system-critical healthcare properties in the United Kingdom while pursuing high-growth potential through sustainable residential and mixed-use real estate development projects in German growth regions such as Halle (Saale), Dresden, and Magdeburg. In the UK, operations center on its subsidiary Towerview Healthcare Group, comprising Grosvenor HomeCare, the third-largest provider of home care services delivering over 85,000 weekly care hours almost entirely funded by local authorities, and Towerview Care Homes, a specialized operator of five care home facilities (four operational, one preparing to open) serving elderly clients with mental health issues or challenging behaviors and financed by government entities, producing consolidated EBITDA of approximately GBP 15 million annually. In Germany, the firm develops climate-resilient projects meeting KfW 40+ or 55, DGNB Gold, and EU Taxonomy standards, including a 399-unit residential complex with commercial spaces at Riebeckplatz in Halle; a mixed-use quarter with 19,600 square meters of office, serviced apartment (Stayery), and retail (Netto) space secured by long-term leases along with district heating, heat pumps, photovoltaics, and 162 parking spaces in Dresden; and a 31,700-square-meter office-residential district featuring 25,900 square meters of flexible smart-building offices, 79 residential units, a central courtyard, and 176 underground parking spaces eligible for EUR 12.6 million in KfW subsidies in Magdeburg's Stadtfeld Ost. Recent developments include the September 2025 launch of a development joint venture with KFK Holding; approval by large majority at the August 2025 annual general meeting of a significant strategic realignment with newly elected management led by CEO Rolf Elgeti and CFO Dr. Marcus Kiefer under Supervisory Board Chairman Friedrich Thiele; and ongoing implementation of ordinary resolutions from the August 13, 2025 general meeting to advance business areas in healthcare real estate and sustainable development. The firm, formerly known as Enerxy AG until its March 2017 name change, operates across the real estate sector with own or leased properties, targeting institutional investors, communities, and partners through its emphasis on measurable value creation, social responsibility, and first-mover advantages in underserved urban markets.