Berlin, 29. April 2019 – Berlin Hyp has sold 51 per cent of the shares of its wholly owned subsidiary OnSite ImmoAgent GmbH to the Capital Bay Group.

Launched in 2018, the OnSite ImmoAgent offers a crowd-based inspection service for the real estate industry, appraisers, investors and banks. This service enables customers to generate real-time data along the life cycle of real estate – without having to be on-site themselves. The data is collected via a Germany-wide network of agents.

“In Capital Bay we have found an experienced asset and investment manager who can successfully develop OnSite ImmoAgent with us”, said Sascha Klaus, Chairman of the Board of Management at Berlin Hyp. With its foundation in 2018, the Bank provided the impetus. The company is now entering the next development phase after its market launch. “Through cooperation with Capital Bay, the Bank and the investor can pool their expertise and create synergies”, says Klaus.

George Salden, CEO of the Capital Bay Group, adds, “The strategic partnership with Berlin Hyp, one of the largest real estate financiers in Germany, is another key element in digitising and accelerating our transaction processes and business strategy. The required initial indication of properties can be carried out by OnSite ImmoAgent within 48 hours and enables us and other real estate investors to make a qualified assessment of individual properties or portfolios on the basis of the audited documentation of results”.