Berlin, 27 September 2016 – The Berlin-based investment company Capital Bay GmbH (Capital Bay) has made another purchase, acquiring two buildings with 30 residential units and two commercial units in the Pankow and Steglitz-Lankwitz districts of Berlin. Their total rental space amounts to 2,200 sqm. The seller is the Zentral Boden Immobilien Group.
The value-add properties are fully let. Capital Bay anticipates good opportunities for value enhancement. Legal advice for the transaction was provided to Capital Bay by the law firm Jung & Schleicher.