Capital Bay GmbH has acquired a portfolio in Bavaria consisting of around 260 residential units and 60 commercial units. The properties, mainly historic buildings, are located in good locations in the cities of Nuremberg, Fürth, Munich and Deggendorf. The portfolio’s occupancy rate is more than 90 percent. George Salden, CEO of Capital Bay, still sees 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.”
