Digital acquisition process: CapitalBAY uses 21st to analyse transactions worth over EUR 50 billion
Berlin, 30. January 2018
Berlin, 30 January 2018. Berlin-based Capital Bay GmbH (CapitalBAY) has been working with the valuation software 21st (formerly Uvaluate) in its acquisition activities since the start of last year. The investment company has analysed properties with a value of over EUR 50 billion this way – including for Deutsche Wohnen SE.
George Salden, CEO of CapitalBAY, has now sold the software solution he developed himself to 21st Real Estate GmbH. “At CapitalBAY, we were the first company to use the software in transaction management – with great success. Transferring the software to 21st will enable us to achieve better market penetration and allow us to quickly analyse up to 1,000 transactions a day,” commented Salden. “Following its sale to 21st Real Estate, the tool is now in the hands of renowned IT experts who will continue its development in future.”
Salden will remain a partner of 21st Real Estate and a member of the Advisory Board of the company alongside Joachim Schoss, founder of immobilienscout24.de, and Thomas Falk, founder of eValue AG.
Salden created the software based on an approach he explains in his book The Dynamic Method: It assumes that a perfect valuation requires the study of the micro-cycle of the property as well as the macro-cycle of the market over the respective investment period. The system delivers market analyses and automatically generates standardised property and financial indicators, serving as an extension of transaction management.
21st Real Estate digitalises the acquisition process for property investments. The platform offered by the Berlin-based company includes a marketplace, a purchasing system with automated calculation, decision-making reports based on smart data and a Real Estate Online Trading Terminal. 21st Real Estate is valued in the tens of millions of euros. The company won the Real Estate Innovation Award 2017 and is nominated for the Immobilienmanager Award in the category “PropTech of the Year”.
CAPITALBAY IN BRIEF
CapitalBAY is an alternative investment manager for real estate. The company serves institutional and semi-professional investors, offering holistic solutions to meet the full range of investment needs. CapitalBAY manages properties across all asset classes on behalf of their owners and tenants.
Through the use of digital processes and tools, CapitalBAY and its CB management companies are able to serve the entire real estate value chain. The company’s internally developed transaction software provides advanced support to investment managers in their acquisition and valuation activities. CapitalBAY pays particular attention to property users as the key drivers of cash flows across the value chain.
Since its foundation in 2016, CapitalBAY has closed transactions totalling approx. EUR 2.9 billion and currently manages properties throughout Germany valued at some EUR 1.76 billion. CapitalBAY has seven office locations in Germany, including its head office in Berlin, with a staff of roughly 90.
Ansprechpartner für die Presse:
Anke Sostmann / Tom Zeller
Executive Director / Managing Partner Feldhoff & Cie. GmbH
Eschersheimer Landstraße 55
60322 Frankfurt am Main
T: +49 69 2648677 - 14 / -15
M: +49 159 04028505 / +49 176 10430063 E-Mail: as@feldhoff-cie.de / tz@feldhoff-cie.de
Ansprechpartner im Unternehmen:
George Salden CEO
Capital Bay GmbH Sachsendamm 4/5 10829 Berlin
T: +49 30 120866 20
Email: george.salden@capitalbay.de