Berlin, 10 July 2017 – The Berlin-based company Capital Bay GmbH (Capital Bay) has gained CURATA Pflegeeinrichtungen as the operator for a care home in Dresden. The building in the Friedrichstadt district of Dresden offers places for 75 residents in an area covering 2,600 square metres and is fully let. Capital Bay already acquired this property dating from 1900 last year.
George Salden, CEO of Capital Bay, comments: “The property in Dresden has a very good reputation. Given that we see good growth opportunities on the care property market, we will undoubtedly acquire further properties in this asset class and – if possible – enter into a strategic partnership with CURATA for the operation of these facilities.”
The property in Dresden has a very good city-centre location just one kilometre from the Zwinger palace. In 2011, the building was completely renovated specifically for use as a care facility.