Over the past few months, Berlin-based Capital Bay GmbH has cleaned up its balance sheet through placements and acquired new investors. In total, the company syndicated properties worth around EUR 1.55 billion to institutional investors and family offices. The management of the properties will remain in the hands of Capital BAY in the long term. The company has thus almost completely separated investor services from property management, which is standard practice for an alternative investment manager. The remaining property portfolio is to be placed in the course of the year.
"Through syndication, we are meeting the high transparency requirements in the market and systematically expanding our investor base," says George Salden, CEO of Capital BAY. "The focus is now clearly on our services. However, we will of course continue to acquire new products on our own balance sheet so that we can then place them."