The Berlin-based Capital Bay has signed an agreement to buy a residential portfolio with properties around Germany. The seller is WIDe Wertimmobilien Deutschland Group. The portfolio comprises around 300 residential and 20 commercial units, distributed across cities in Bavaria and Saxony with a focus on Dresden and Nuremberg. The total rental area amounts to approximately 20,000 sqm. The purchase price was not disclosed. Jung & Schleicher provided legal advice to Capital Bay.
