Capital Bay GmbH establishes its first foreign company for capital management and opens an office in Hong Kong. From there, the Berlin-based investment manager aims to attract institutional money from Asia for property investments in Germany and expand its investor base. Philipp Brüntrup takes over the management of the office as Director Sales Asia/Pacific. Brüntrup was previously Transaction Manager at Capital BAY's Berlin office. The experienced team of employees with local market expertise will build up an institutional investor base in Hong Kong, China, Singapore, Taiwan, South Korea and Japan. PwC was commissioned to search for potential investors in the micro and senior living sector. PwC is also supporting Capital BAY with the roadshows. Within the last two months, investment funds in the mid double-digit million range have already been successfully acquired.
Christoph Geißler, CIO of Capital BAY, says: "The internationalisation of our business is one of our most important core objectives for the coming years. With Philipp Brüntrup, we are sending a dedicated employee to the new location who has already played a key role in driving Capital BAY's growth from Berlin over the past two years." Torsten Doyen, Managing Partner of Capital BAY, adds: "With our qualified local team and the support of PwC, we will focus on our internationalisation strategy to build the first networks in the Asian market and drive forward our fundraising."
Capital BAY is opening its second international office in Hong Kong alongside Luxembourg. The office is centrally located in the lively business district of Wan Chai. Many multinational financial services companies have their headquarters in the immediate vicinity.