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CAPITAL BAY GROUP VALUES COMPANY PROFILE TEAM IMPRESSUM Q2.2020 COMPANY PROFILE
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Q2.2020COMPANY PROFILE
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THE ENTIRE VALUE CHAIN
Capital Bay is one of the very few alternative
investment managers specialised in German
real estate to offer a full service with complete
in-house vertical integration. By bringing
together the entire range of management
functions in a single investment group, we are
able to systematically span the entire real
estate value chain. Our proprietry digital tools
are perfectly aligned to this value creation
process, operating automatically wherever
possible. Our assessments and valuations of
properties are focused on the perspective of
the tenant because this is where cash flow
originates.
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CAPITAL BAY GROUP IN FIGURESGERMANY
BERLIN (HQ), POTSDAM, MUNICH. HAMBURG, LUEBECK, FRANKFURT A.M., DUSSELDORF,
NUREMBERG, LEIPZIG, DRESDEN, LUDWIGSBURG (OPENING Q2/2020), STUTTGART,
HEILBRONN
CHINA
HONG KONG
UNITED ARAB EMIRATESABU DHABI
FOUNDED IN 2016 Capital Bay spans the entire
real estate value creation chain across all real
estate asset classes.
INDUSTRIALISED digital acquisition process.
RAISING VALUE Full service vertically integrated
in-house Fund Management, Asset Management,
Development Management, Construction
Management, Property Management and Facility
Management.
EXPERTLY TIMED property sales executed by a
specialised transaction team.
DIGITALISED, ISO-certified and largely
automated processes to systematically build value
using our deep understanding of real estate
market cycles and market dynamics.
EMPLOYEESWORLDWIDE
254LOCATIONSWORLDWIDE
217.00BILLON EURO ASSETS UNDER MANAGEMENT
LUXEMBOURG
LUXEMBOURG
UNITED KINGDOM
LONDON
BELGIUM
BRUSSELS
NETHERLANDS
AMSTERDAM
FRANCE
PARIS
SWITZERLAND
ZURICH
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RESULTED FROM SERVICES:
(INCLUDING DUPLICATES)
TRANSACTION MANAGEMENT € 2,770M*
FUND MANAGEMENT € 1,230M**
ASSET MANAGEMENT € 2,474M**
PROPERTY MANAGEMENT € 3,149M**
FACILITY MANAGEMENT € 1,340M**
MICRO LIVING € 65M**
CONSTRUCTION &
DEVELOPMENT € 281M***
CAPITAL BAY ASSETS UNDER MANAGEMENT
EMPLOYEESWORLDWIDE
254LOCATIONSWORLDWIDE
217.00BILLON EURO ASSETS UNDER MANAGEMENT
REAL ESTATE LOCATIONS:
commercial (incl. retail, office, industrial)
residential
senior living
micro living
* value of the objects transacted to date
** value of the properties managed to date
*** total budgets managed to date
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IN DEVELOPMENT
NEWPOD(Hostel)
(Student Living)
(Boarding House)
(Hotel)
(Assisted Living)
(Senior Living)
65+ASSETS UNDER OPERATION
10,000+ROOMS / BEDS* IN OPERATION
3,750+EMPLOYEESWORLDWIDE
CAPITAL BAY MANAGEMENT PORTFOLIO OF 360° OPERATOR
OVERVIEW & TRACK RECORD OPERATOR BRANDS:
CB TRANSACTION
CB INVEST | CB CAPITAL
CB RETAIL
CB COMMERCIAL ASSET
CB PROPERTY | CB FACILITY | CB SERVICE
CB HEALTHCARE AQUISITION
CB IMMOBILIENVERWALTUNG
CB CONSTRUCTION & DEVELOPMENT
CB DISTRICT DEVELOPMENT
CB PROCUREMENT
CB SALES
* INCL. NEW CONTRACTS CONCLUDED
CB ARCHITECTURE
IN ACQUISITION PROCESSCAPITAL BAY OPERATOR PROPERTY
CB RESIDENTIAL ASSET
7.0BN. € ASSETS UNDER MANAGMENT
250+EMPLOYEESWORLDWIDE
21OFFICESWORLDWIDE
CAPITAL BAY MANAGEMENT COMPANIES:
OUR POWERFUL DOUBLE HELIX: FULL VERTICAL INTEGRATION AND 360° OPERATOR
TRACK RECORD
CAPITAL BAY GMBH & OPERATOR
PORTFOLIO
CAPITAL BAY GROUP's platform offers the
opportunity to enter into holistic joint ventures
that cover both the entire value chain and the
entire real estate life cycle, over multiple
operator concepts.
LEARN MORE ABOUT CAPITAL BAY
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CAPITAL BAY GROUPFUNDS UNDER MANAGEMENT
LUXEMBOURG REGULATED FUNDS
DEVELOPMENT FUND I € 250m current GAV
€ 400m target GAV
THE FIZZ TAKE-OUT
FUND€ 245m current GAV
€ 1,000m target GAV
IC NETHERLANDS
DSYP HOUSING FUND€ 200m current GAV
€ 300m target GAV
IC NETHERLANDS
DULV HOUSING FUND€ 300m current GAV
€ 350m target GAV
As a fully regulated AIFM in Luxembourg, we are experts in national and international fund management.
We run investment funds with different investment strategies in various asset classes in all risk categories from core income generating assets to ground up development. We create customised solutions for institutional investors, family offices and corporates in Germany, Europe and worldwide.
GERMAN REGULATED FUNDS
CB WOHNIMMOBILIEN
DEUTSCHLAND
€ 173m current GAV
€ 300m target GAV
PRIVATE PLACEMENT
AHRENSBURG€ 40m current GAV
€ 40m target GAV
TOTAL € 2.4BN TARGET GAV
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FAMILY OFFICES CORPORATES INSTITUTIONAL INVESTORS
VEHICLE • Private Placements
• Joint Ventures
• Limited no. of partners
• Private placements
• Club Deals
• Closed-ended funds*
• Open-ended funds*
ASSET CLASS
• Residential
• Office
• Retail
• Food
• Micro Living
• Senior Living
• Residential
• Office
• Retail
• Food
• Residential
• Office
• Micro Living / Senior Living
• Retail
• Food
RISK PROFILE • All risk classes • All risk classes • All risk classes
DEAL SOURCE • On/off-market • Off-market • On/off-market
BUSINESS MODEL 3-PILLAR STRATEGY
* fully regulated by CSSF with own licence via Capital Bay Fund Management in Luxembourg;
fully regulated by BaFin, HANSAINVEST as Service KVG in Germany
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RECOGNISING VALUE.RAISING VALUE.
REALISING VALUE.
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CAPITAL BAYVERTICAL INTEGRATION
CB-MANAGEMENT
COMPANIES
INTERNAL
CB-DEPARTMENTS
CONTROLLING | ACCOUNTING | M&A AND TREASURY | MARKETING&COMMUNICATIONS | CREATION | IT | HUMAN
RESOURCES | QUALITY | LEGAL | RENTAL RECEIVABLE MANAGEMENT | COMPLIANCE
RAISING VALUE
CB COMMERCIAL ASSET MANAGEMENT GMBH
CB RESIDENTIAL ASSET MANAGEMENT GMBH
CB RETAIL MANAGEMENT GMBH
CB SERVICE MANAGEMENT GMBH
CB FACILITY MANAGEMENT GMBH
CB PROPERTY MANAGMENT GMBH
CB IMMOBILIENVERWALTUNG GMBH
CB PROCUREMENT GMBH
CB CONSTRUCTION & DEVELOPMENT MGMT. GMBH
CB ARCHITECTURE MANAGEMENT GMBH
CB DISTRICT DEVELOPMENT MANAGEMENT GMBH
CB BUILDING MANAGEMENT GMBH
REALISING VALUE
CB SALES MANAGEMENT GMBH
RECOGNIISING VALUE
CAPITAL BAY FUND MANAGEMENT S.Á.R.L.
CB TRANSACTION MANAGEMENT GMBH
CB HEALTHCARE AQUISTION GMBH
CB INVESTMENT MANAGEMENT GMBH
CB CAPITAL MANAGEMENT GMBH
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ONLINE TRADINGRECOGNISING VALUE IN REAL TIME
The digital platform which centrally supportsour staff is based upon our own proprietarytransaction-support software. This sophisticated application helps us to find property targets matched to the investmentstrategy, to automate the valuation process, and to efficiently manage due diligence.
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ALL TOGETHER
Everyday work at Capital Bay is shaped byesteem and mutual support. We draw ourstrength from constructive and respectfulcooperation between partners, the advisoryboard, management and all employees. Wereach our goals by thinking and workingtogether across all levels.
The experience and skills of our 254 employeeshave boosted Capital Bay to manage propertyassets worth around EUR 7.00 billion less thanfour years after its inception.
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BOARD OF DIRECTORS
ROLF SCHNEIDERCOOCapital Bay Group
Rolf Schneider is COO of Capital Bay,
managing the entire group‘s
operating activities, which include
asset management, construction &
development, property management,
facility management as well as most
CB departments. He is also
responsible for the digitalization
process of Capital Bay’s operations.
He joined from Austrian listed
property investor Conwert
Immobilien Invest SE, where he
served as managing director of the
firm’s German operations, managing
real estate assets of some EUR 1.8
billion.
CHRISTOPH GEISSLERCIOCapital Bay Group
As CFO, Rolf Engel is responsible for
Finance & Treasury and the Group’s
Funds Business. As Executive Chairman
of Capital Bay Fund Management, he
also manages the fully regulated
business in Luxembourg. In 2011, he
was one of the two founders of the
International Campus Group, which he
successfully established in various
senior management positions until his
move to Capital Bay in 2019. As a
former CEO and board member of
various commercial banks, internat-
ional brokerage houses and affiliates,
he has extensive experience in inter-
national capital markets, investment
banking and venture capital. The
graduated physician, MBA holder and
real estate economist (ebs) can look
back on a transaction volume of more
than EUR 10 billion.
GEORGE SALDENCEOCapital Bay Group
As CEO of Capital Bay, George Salden
is mainly responsible for M&A,
marketing and strategic personnel
development. He has over 20 years of
industry and managerial leadership
experience and has steered a
transaction volume of over EUR 7
billion. He is the author of the book
Die Dynamische Methode (The
Dynamic Method) as well as the
inventor and co-founder of the
evaluation and transaction software
and the emerging company
UVALUATE, later 21ST.
ROLF ENGELCFOCapital Bay Group
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FUND AND INVESTMENT MANAGEMENT
As Executive Chairman, Rolf Engel is
responsible for the Group's fund
business and the fully regulated
business in Luxembourg. In 2011 he
was one of the two founders of the
International Campus Group, which he
successfully built up in various
management positions until his move
to Capital Bay in 2019. As a former
CEO and board member of various
commercial banks, international
brokerage houses and investment
companies, he has extensive
experience in international capital
markets, investment banking and the
investment business / venture capital.
The medical graduate, MBA and real
estate economist (ebs) can look back
on a transaction volume of more than
EUR 10 billion.
ROLFENGELExecutive Chairman of the Board & Conducting Officer
As a Board Member, Thorsten Steffen
is responsible for Risk Management,
Compliance, Legal & Administration
and IT. The real estate specialist can
look back on 20 years of professional
experience in Real Estate & Private
Equity and a transaction volume of
more than 2 billion euros. Prior to
that, he was Managing Director of
Grant Thornten ABAX Investment
Services, Managing Director and
Member of the Board of Aviva
Investors Luxembourg and most
recently Director Risk and Compliance
for the International Campus Group in
Luxembourg.
As a Board Member, Thorsten Joerss
is responsible for Portfolio
Management, Finance and
Operations. He has more than 30
years of professional experience in
the regulatory environment (BaFin
and CSSF) and in particular in asset
management for institutional and
private clients. Most recently, he
worked as Director Sales and
Operations for the International
Campus Group since 2015. In
addition, Joerss was CEO of Murphy
& Spitz and SysTrade Capital AG as
well as Director Sales and Trading at
Hornblower Fischer AG.
THORSTENSTEFFENRisk & ComplianceBoard Member &Conducting Officer
THORSTEN JOERSSFinance & OperationsBoard Member &Conducting Officer
As Managing Director of CB
Investment Management the German
subsidary of CB Fund Management ,
Markus Holzer is also responsible for
the successful syndication of Capital
Bay‘s transactions, especially
Germany. He previously worked for
Morgan Stanley, where he served as
managing director and chief
investment officer of its German real
estate investment management
vehicle, with responsibility for the
fund management and asset
management activities of various
globally invested funds. Mr Holzer
brings successful past deal closing
experience totalling more than EUR 6
billion.
MARKUS HOLZERManaging DirectorCB InvestmentManagement GmbH
RÜDIGER KIMPELInternational SalesBoard Member Capital BAY Fund Management Luxembourg
Rüdiger Kimpel is a Board Member
responsible for the expansion of the
AIFM's fund business. This applies in
particular to fundraising with
international institutional investors.
The business graduate comes from
Corestate Group, where he has
managed over EUR 3 billion of AUMs
as the responsible portfolio manager
for the AIFM. Kimpel has more than
15 years of experience in fundraising
in the real estate and PE sector and in
funds in leading positions at
companies such as CapitalDynamics,
Gerling Investment (now Talanx) and
Merrill Lynch (now Blackrock). Over
the past 15 years he has acted as
Managing Director for over EUR 10
billion in transaction volumes.
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TRANSACTION MANAGEMENT
ALEXANDERFRÖSEDirector | Head of Transactions CB Transaction Management GmbH
Alexander Fröse is Director and Head
of Transactions and is responsible for
the transaction business of the Capital
Bay Group. Prior to this, he was an
authorized signatory for AUREC
Capital, where he was Head of
Acquisitions and Asset Management,
responsible for the purchase and
management of properties
throughout Europe. At JLL Retail Asset
Management he led a deal team of 20
employees and was responsible for
three retail portfolios of a US private
equity fund. Further stations were
Hamburg Trust, CR Investment and
McKinsey & Company. He looks back
on a transaction expertise of around
EUR 2 billion.
ANDREASSIELEMANNManaging Director | HealthcareCB Healthcare AquisitionManagement GmbH
PAULPUSTDirector | CommercialCB TransactionManagement GmbH
Paul Pust is Director of CB Transaction
Management GmbH and is
responsible for the transaction
business in the Commercial Real
Estate segment, which comprises in
particular the asset classes Office,
Retail, Logistics and Light Industrial.
Prior to this, he built up the
transaction division of the listed
DEMIRE AG and was responsible for it
as Head of Transactions. At KPMG AG,
Mr. Pust worked as
manager/authorized signatory in the
area of Real Estate M&A and
accompanied clients in Europe-wide
transactions in the role of project
manager. Over the last ten years he
has managed transactions with a value
of more than EUR 1.1 billion.
Andreas Sielemann is Director of CB
Healthcare Aquisition GmbH and is
responsible for the acquisition
business of care properties. He comes
from the Immac Group, market leader
for investments in healthcare real
estate in Germany. From 2017 to 2019
he was Head of Transactions for the
acquisition of inpatient care facilities,
clinics and assisted living facilities. At
HSH Nordbank AG, the 55-year-old
was responsible for the healthcare
sector with a total portfolio worth
around EUR 1.5 billion from 2013 to
2016. Sielemann can look back on a
track record totalling EUR 300 million.
STEPHANIEKÜHNDirector | ResidentialCB TransactionManagement GmbH
Stephanie Kühn is Director of CB
Transaction Management GmbH and
is responsible residential transactions.
She is the key account manager for
existing acquisition mandates and
responsible for the expansion of this
service. Moreover, she oversees the
implementation of the internal CB
Transaction Academy. In cooperation
with the PropTech 21st Real Estate
GmbH Stephanie Kühn supports the
digitalization of the acquisition
process. Before joining Capital Bay,
she worked for Arbireo Capital AG &
Dr. Lübke & Kelber GmbH. With
approx. 15 years of working
experience Ms. Kühn took an active
part in transactions with a total
volume of EUR 1.0 billion.
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SALES MANAGEMENT
TORSTEN DOYENSales DACHManaging PartnerCB Capital Management GmbH
As Managing Partner of CB Capital
Management GmbH, Torsten Doyen
is responsible for expanding the
group‘s fund management business
with institutional investors. Before
joining CapitalBAY, the trained real
estate economist worked at
Warburg-HIH Invest Real Estate, most
recently as managing director for
institutional sales with responsibility
for the company‘s German
investment management vehicle
(KVG). He brings a long track record
in real estate, having previously
worked at such renowned firms as
Bankhaus Wölbern & Co. and
Nordcapital, with successful deal
closings totalling some EUR 3 billion.
PHILIPPBRUENTRUPDirector Sales APACCB Capital Management GmbH
As Director Sales Philipp Bruentrup is
responsible for setting up Capital
Bay’s institutional capital management
operations in Asia Pacific. In his
previous role as Transaction Manager
at the company he specialized in
residential and micro living property
deals. He profits from foreign
experience in the United Kingdom
spanning several years.
RUEDIGER KIMPELSales EMEA & APACBoard Member Capital BAY Fund Management Luxembourg
Ruediger Kimpel has worked in Sales
for over 20 years. At Capital Bay he is
responsible for institutional sales in
the EMEA & Asia Pacific region. Prior
to that he was head of international
Portfolio-management & Sales at
Corestate Capital. At International
Campus he helped raising the first
fund with family offices from the
EMEA region. At Capital Dynamics he
headed global sales and successfully
managed the growth of the global
business. He started his career at
Flemings (today J.P. Morgan) and
Merrill Lynch (today Blackrock) in
international Sales in Europe. Over the
past 15 years he has acted as
Managing Director for over EUR 10
billion in transaction volumes.
ALEXANDERBOETHERManaging PartnerCB District Development Management GmbH & Sales
Alexander Boether is Managing
Partner in District Development &
Sales. He looks back on more than 25
years of management positions in
leading companies such as Engel &
Völkers or ZIEGERT. He has
successfully helped to shape their
development to market leadership in
the commercial and residential real
estate markets. Alexander Boether's
expertise is valued in numerous
associations, specialist committees
and bodies such as the Berlin
Chamber of Industry and Commerce,
ICG, BFW and the DGNB. He is
considered an expert in successful
neighbourhood and location
development and is committed to the
industry as a driver of innovation,
responsibility and sustainability.
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DISTRICT DEVELOPMENT, ASSET- AND PROPERTY MANAGEMENT, CONSTRUCTION & DEVELOPMENT
Oliver Müller is Managing Director of
CB Commercial Asset Management
GmbH, CB Residential Asset
Management GmbH, CB Property
Management GmbH and CB
Immobilienverwaltung GmbH and has
more than 15 years of professional
experience in real estate companies.
Among others, he was managing
director at Bilfinger Real Estate Group
(today’s Apleona) and most recently
COO of VIVANIUM Real Estate
Services. During this time, he
significantly influenced their
development and was responsible for
asset and property management of
properties with an underlying value
of more than EUR 6 billion.
OLIVERMÜLLERManaging DirectorCB Commercial Asset-, CB Residential Asset-, &CB Property Management GmbH,CB Immobilienverwaltung GmbH
DAVID
BRACHMANN
Head of Construction &
Development CB Construction
& Development Management
GmbH
David Brachmann is Head of
Construction & Development at CB
Construction & Development
Management GmbH. He is responsible
for all construction and project
development activities in the Capital
Bay group. Before joining Capital Bay,
he was a project developer and
manager at Berlin communal housing
firm Gewobag where he steered the
development and realisation of close
to 2,500 flats. With more than 20
years’ experience in construction and
project management, he previously
also worked with Kondor Wessels, and
with Drees & Sommer in the general
management of the Potsdam Square
project in Berlin.
Christian Krause is responsible at the
Capital Bay Group for quarter and
urban development in all phases of
the project life cycle.
Coming from the international
business of Hochtief, he has been
advising clients in the construction
and real estate industry worldwide on
strategic and operational issues as a
management consultant since 2014.
As a Technology Partner of PwC
Europe, the focus was increasingly on
the digitalisation of clients.
Previously, he built and managed
business units in Germany and
internationally at Hochtief and Royal
BAM Group.
KARINRICHTERManaging PartnerCB District Development Management GmbH
Karin Richter is responsible at the
Capital Bay Group for the
development of extensive quarters
and locations in the context of all
asset classes. Her strategic
background at company and project
level is supported by her experience
in development, planning, project
management, product development
and sales. Most recently, she
established the Development division
of TLG Immobilien AG. Prior to that,
she managed the business of a
company from a Swiss investor
group, after 15 years in the national
and international management of
Royal BAM Group, including 7 years
as a member of the German group
management.
CHRISTIAN KRAUSEManaging PartnerCB District Development Management GmbH
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DISCLAIMER
This summary of information contains statements, analyses, forecasts and concepts which serve as non-binding information. This compilation does not
constitute tax, legal or other advice and does not constitute an offer for the management of assets or recommendation/advice for asset disposals. The
opinions expressed are current opinions as of the date stated in these documents. Some of the information contained in the compilation is based on and/or
derived from information provided by third parties. It is always assumed that the information provided is correct and complete and comes from trustworthy
sources. No guarantee is given for the correctness and completeness of the information in the information compilation. It does not replace individual
counselling. Capital Bay GmbH, Sachsendamm 4/5, 10829 Berlin and its subsidiaries - hereinafter referred to as CB&T - is not liable for future economic
developments in general, for current assessments of the real estate market and future developments of the real estate market, for changes in the legal
situation, for court decisions or generally for the actual realisation of the economic income assumed in this document. Regardless of the legal nature of the
claim asserted, CB&T exclude their liability unless a guarantee has been given for the nature of the information provided or a defect has been fraudulently
concealed. This exclusion of liability shall not apply to claims for damages - irrespective of the legal basis - if CB&T, its legal representatives or vicarious
agents have breached their obligations through gross negligence or wilful intent and to the strict liability prescribed by law. Insofar as the floor plans include
measurements and equipment, such equipment serves illustrative purposes and is not included in the sales price. Please note that the presentation of floor
plans is not necessarily scalable. It is explicitly mentioned that the condition of a certain building must correspond to the age of the building. This document
and the information contained therein is intended solely for the recipient. Their disclosure to third parties is prohibited. If the customer breaches this
obligation and a third party or other persons to whom the third party has passed on the information conclude the main contract, the customer is obliged to
pay CB&T the commission agreed with him plus the applicable VAT. Sales negotiations are conducted exclusively through Capital Bay. Inspections are
possible at any time, but after prior consultation with our sellers. Modifications and a prior sale is reserved. Should one or more of the above provisions be
invalid, this shall not affect the validity of the remaining provisions. This shall also apply if one part of a provision is invalid but another part is valid. The
invalid provision shall be replaced by a provision between the parties which comes as close as possible to the economic interests of the contracting parties
and which otherwise does not contradict the contractual agreements.
CAPITAL BAY GMBH
Sachsendamm 4/5
10829 Berlin
Germany
T +49 30 120866 20
CONTACT
