CapitalBAY opens office in Hong Kong
Hong Kong/Berlin, 01. October 2019
Hong Kong/Berlin, 1 October 2019 - Capital Bay GmbH (CapitalBAY) has founded its first foreign company for capital management and opened an office in Hong Kong. The Berlin-based investment manager intends to raise institutional money across Asia for real estate investments in Germany and expand its investor base from the new location.
Philipp Brüntrup will take over as Director Sales Asia/Pacific. Brüntrup was previously Transaction Manager in the Berlin office of CapitalBAY. The experienced team of employees with local market expertise will build an institutional investor base in Hong Kong, China, Singapore, Taiwan, South Korea and Japan.
PwC was additionally mandated to search for potential investors in the micro- and senior-living sectors. PwC also supports CapitalBAY with its roadshows. Within the last two months, investment capital in the mid double-digit million range were already acquired.
Christoph Geißler, CIO of CapitalBAY, 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 CapitalBAY's growth from Berlin over the past two years.” Torsten Doyen, Managing Partner of CapitalBAY, adds: "With an experienced local team and the support of PwC, we will build a strong network in the Asian market as part of our internationalisation strategy and drive our fundraising capacities.”
With the new office in Hong Kong, CapitalBAY is opening its second international location after Luxembourg. The office is centrally located in the lively Wan Chai business district. Many multinational financial services companies have their headquarters in the immediate vicinity.
CAPITALBAY AT A GLANCE
CapitalBAY is a holistic investment manager for properties. The company offers comprehensive, industry-specific solutions for institutional and semi-professional investors. CapitalBAY manages properties across all asset classes on behalf of its clients.
Using digital tools and processes, CapitalBAY and its management companies cover the entire property value chain. Internally co-developed transaction software assists investment managers in acquisition and valuation processes. In addition, CapitalBAY focuses on property users as key cash flow drivers in the value chain.
CapitalBAY, founded in 2016, has assets under management of approximately EUR 4.5 billion. More than 200 employees work at eight locations in Germany, Luxembourg and Hong Kong. The company is headquartered in Berlin.
Press contact:
Anke Sostmann/Tom Zeller
Executive Director/Managing Partner Feldhoff & Cie. GmbH
Eschersheimer Landstrasse 55
60322 Frankfurt/Main
T: +49 69 2648677 - 14 / -15
M: +49 159 04028505/+49 176 10430063 E: as@feldhoff-cie.de / tz@feldhoff-cie.de
Contact at the company:
George Salden CEO
Capital Bay GmbH Sachsendamm 4/5 10829 Berlin
T: +49 30 120866 20
E: george.salden@capitalbay.de