Berlin, 19 December 2017 – With support from Berlin-based CapitalBAY GmbH (CapitalBAY) as transaction manager for small-ticket residential property acquisitions, Deutsche Wohnen SE has completed the purchase of several residential properties in the German cities of Dresden and Mannheim. The multi-family dwellings – in good residential locations, and including newly renovated as well as listed structures – were acquired in several transactions. The aggregate purchase price of the acquired properties is in the low double-digit millions euro range.
Since March 2017, CapitalBAY has been assisting Deutsche Wohnen SE in the transaction management of properties and smaller residential portfolios in Deutsche Wohnen’s core regions totalling some 15 million euros. “CapitalBAY helps us to identify existing properties with a stable cash flow and minimal renovation needs,” explains Falk Laloi, Managing Director of Deutsche Wohnen Corporate Real Estate GmbH and responsible for acquisitions and sales at Deutsche Wohnen Group. “CapitalBAY is thus unlocking new potential seller segments for us and perfectly supplements our core property acquisition strategy.”
In its transaction management activities, CapitalBAY relies on its own standardised and IT-based real estate acquisitions process. “We are proud to be able to support a major player such as Deutsche Wohnen with our experience and expertise,” says Ralph Ziegler, Managing Director of CB Transaction Management GmbH.