Berlin, 27 February 2018 – Over the past months, Berlin-based Capital Bay GmbH (CapitalBAY) has cleared its balance sheet through placements and gained several new investors. Overall, the company syndicated properties worth around EUR 1.55 billion with institutional investors and family offices. CapitalBAY will remain manager of the properties for the long term. The company has thus, for the most part, completed the separation between operations and ownership which is usual for an alternative investment manager. The remaining properties are to be placed over the course of the year.
“By means of the syndication, we are satisfying the high transparency requirements on the market and systematically expanding our investor base,” says George Salden, CEO of CapitalBAY. “The focus is now very clearly on our services. However, we will of course continue to acquire new products on our own balance sheet and subsequently place them with investors.”