Capital Bay acquires retirement home in Erfurt (DE)


The Berlin-based company Capital Bay has acquired the Ambiente retirement home in Erfurt. The property, located in a desirable central location in Erfurt-Daberstedt, is also used as a hotel to a limited extent. The purchase price is in the mid eight figures. 

Constructed in 1999, the complex offers around 200 nursing places and 60 hotel rooms. The retirement home has been successfully operated by the Victor's Group for more than 15 years. "With the Ambiente, we are expanding our retirement home portfolio," commented George Salden, CEO of Capital Bay. "The facility in Erfurt is excellently positioned on the market with a utilisation rate of almost 100%."

The law firm Jung & Schleicher provided Capital Bay with legal advice in connection with the acquisition.

Related News