Berlin, 14 June 2017 – The Berlin-based company Capital Bay GmbH (Capital Bay) and the Echterhoff Bau Group are cooperation partners: Echterhoff will act as a partner and service provider for the Construction and Development division of Capital Bay, handling several new construction and development projects for the Berlin-based property investment company.
“With Echterhoff, we are bringing a construction specialist with decades of expertise on board. Echterhoff will be able to give us excellent support with our often extensive project developments,” explains Karsten Stellmach, Managing Director of CB Construction & Development GmbH. The Echterhoff Bau Group will perform chiefly development and civil engineering work for Capital Bay as well as managing selected building construction projects. The family company headquartered in Westerkappeln has around 450 employees at six locations in Germany. “We look forward to applying our 150 years of expertise in this collaboration with a relatively young company like Capital Bay,” says Thomas Echterhoff, Managing Partner of the Echterhoff Bau Group.
Capital Bay has acquired development properties worth almost €500 million in recent months, and more properties are to follow.