The Berlin-based company Capital Bay GmbH (Capital Bay) has acquired a portfolio in Bavaria consisting of around 260 residential units and 60 commercial units. The properties – mainly historic buildings, some of which are listed – are in good or very good locations in the cities of Nuremberg, Fürth, Munich and Deggendorf.
The portfolio already has an occupancy rate of clearly more than 90%. But George Salden, CEO of Capital Bay, still sees good opportunities for growth: “We aim to increase total rental space by way of targeted renovation and conversion measures in the medium term, particularly in good and very good locations.”
