With an increase of 550 million euros, Berlin-based Capital Bay GmbH has increased its assets under management in the current year 2018 to a total of 2.25 billion euros. The transaction volume in the first five months was therefore more than double that of the same period in 2017. The growth in assets under management is due in particular to the consistent expansion of corporate and institutional mandates.
As part of the separation between services for investors and property ownership completed in recent weeks, CEO George Salden and his family office took over the majority shareholding in CapitalBAY as a whole. In addition to the Capital Bay Group, some of the shares in the service subsidiaries are held by the management.
"We are now in an excellent position to achieve our further growth targets," says George Salden. "We are aiming for EUR 3.5 billion in assets under management this year - and growth is also possible in the services we offer through acquisitions."
