CapitalBAY grows assets under management to EUR 3.5 billion
Berlin, 29. January 2020
Expansion of business units to become integrated, full-service property investment manager
Number of staff doubled
2019 focus on international expansion to strengthen capital raising
Berlin, 27 February 2019 – Capital Bay GmbH (CapitalBAY) is continuing on its path of robust growth. As of the end of last year, the Berlin-based alternative investment manager held real estate assets under management of some EUR 3.5 billion, an increase of EUR 1.25 billion (55 percent) compared to the prior year. Over the same period, CapitalBAY also doubled its staff to 170.
CapitalBAY completed transactions worth over EUR 765 million over the past year. The largest single transaction was the transfer of 756 residential units in the north German city of Hanover, which had already been secured previously, worth more than EUR 100 million into CB Wohnimmobilien Deutschland, an open-ended Special-AIF for institutional investors (Spezialfonds).
In its growing fund business, CapitalBAY received new capital commitments for the CB Wohnimmobilien Deutschland fund. For 2019, the firm plans to launch further open-ended AIFs for institutional investors in the micro-living, senior living, retail, office and project development segments. Other areas of particular focus in the current year will be the expansion of the existing third-party business across all of CapitalBAY’s operational management units as well as private placements. By way of example, CapitalBAY sees double-digit return potential in residential property privatisations in Germany’s major metropolitan regions. One of the unique strengths of CapitalBAY is its ability to deliver across the entire value chain, including property development and sales, with the support of its own in-house resources and expertise.
The company’s driving objective for 2019 is to further round out its extensive range of services through both organic and inorganic growth. This specifically includes the expansion of the company’s temporary living segment, which includes not only student housing, co-living, boarding houses and hotels but also senior care and assisted living properties for CapitalBAY.
“Over the past year, we have significantly expanded our range of service offerings,” says George Salden, CEO of CapitalBAY. “With the launch of our new subsidiary CB Micro Living GmbH, we have stepped up our commitment to the temporary living asset class, which includes the senior living and care home properties which we operate with CURATA as our strategic partner.”
Looking at the overall market, Salden sees enduring strong demand for real estate, within Germany as well as internationally, driven by low interest rates and Germany's status as a safe haven. “The pressure to generate investment returns remains great, especially for investments yielding stable cash flows,” says Salden. “Demand is enormous, from both the investor and the tenant side, and particularly in the senior care segment.”
At the same time, CapitalBAY is driving forward with its internationalisation and digitalisation plans. “With our new offices in Europe, Asia and the Middle East, we are in a strong position to gather international capital while also broadening our investor base,” adds Salden.
CAPITALBAY IN BRIEF
CapitalBAY is an alternative investment manager for real estate with a holistic approach. The company serves institutional and semi-professional investors, offering solutions to meet the full range of investment needs. CapitalBAY expertly manages properties of various types on behalf of their owners and users.
Through the use of digital processes and tools, CapitalBAY and its management subsidiaries are able to span the entire real estate value chain. The company’s internally co-developed transaction software provides advanced support to investment managers in their acquisition and valuation activities. CapitalBAY pays particular attention to property users as the key drivers of cash flows across the value chain.
CapitalBAY, founded in 2016, manages properties throughout Germany valued at approx. EUR 3.5 billion. The group has seven office locations in Germany, including its head office in Berlin, with a staff of more than 160.
Anke Sostmann / Tom Zeller
Executive Director / Managing Partner Feldhoff & Cie. GmbH
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60322 Frankfurt, Germany
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Capital Bay GmbH
10829 Berlin, Germany
T: +49 30 120866 20