Difficult situation, if I read that correctly you encountered peat and silt at several boreholes to a depth of 4.4m. That is really unfortunate but not uncommon for the Hamburg area (if I read that correctly). Without having seen the soil report, I can only tell you in general terms that an earth replacement considering the high (ground)water level is hardly economically feasible. You would have to lower the water column by 3.3m in fact. That is usually not done; instead, sheet piles are used and only a residual dewatering is operated. But the excavation pit for the multi-family house is correspondingly large and the sheet piles have to reach into the impermeable layer, otherwise a hydraulic failure of the ground is threatened. That is probably why the geologist named the pile foundation as the only option. An acquaintance had a similar situation. The house was placed on 16 concreted concrete rings (DN1000), which extend 2.5m deep into the ground. In her case, the groundwater was also 1m below ground level and an earth replacement would have cost around 70-80k with dewatering, excavation, disposal and backfilling for a small single-family house. They came to about 20k for the concreted rings. Dewatering would have made up the largest share of the 80k. Did the geologist have the structural plans of the house to create the report? I understand you are not building a basement?!