Capital Bay secures German resi portfolio

Capital Bay secures German resi portfolio

Published at: 2017-10-23 11:16 | Author: CIJ Europe
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.

Similar Stories:

East German housing markets to see yields of 4-12%
Eastern Germany’s housing markets can expect to see yields of between 4 and 12 percent,  »
Instone to develop around 400 apartments in Augsburg
Instone Real Estate has acquired approximately 14,000 sqm of land in Augsburg, where it pl  »
Didier Balcaen launches resi project in Bucharest
Belgian real estate developer Didier Balcaen is investing €15m into a residential projec  »
Banks flooded with mortgage requests in September
Interest rates on mortgage loans rose from 2.53 percent in August to 2.57 percent in Septe  »
Emotions are running high on the Romanian residential market where demand is outstripping   »
It’s part of the bargain struck with the city that helped it win the needed support for   »
Cordia is back. The residential division of the Hungarian-based developer Futureal hasn’   »
AFI Europe Romania has received the building permit that will allow work to begin on its n   »