Berlin, 23 March 2017 – The Berlin-based company Capital Bay GmbH (Capital Bay) is looking back at a successful first financial year. Established by George Salden with four employees at the end of March 2016, the full-service investment company achieved a transaction volume of approximately €1.4 billion last year. The biggest deals included the purchase of 862 apartments in Merseburg, 577 residential units in Heidenheim and 80,000 m² of land in Heiligensee, Berlin. Capital Bay manages assets worth around €1.15 billion with a total area of just under a million square metres. The company now employs more than 80 people and has locations in Hamburg, Munich, Nuremberg and Leipzig as well as its headquarters in Berlin.
“We have developed our business very successfully and at a rapid pace over the past year. In the residential segment, we achieved an average increase in value of around 12%,” says George Salden, CEO and founder of Capital Bay. “Now it is a question of continuing unrelentingly on this growth trajectory.”