Arbireo Capital's former director George Salden has announced the launch of a full-service investment house after raising €150 mln of investment capital.
The firm, called Capital Bay, will focus on German residential and commercial real estate acquisitions in the value-add risk-profile.
'Investors are now focusing on value-add and opportunistic transactions, as well as on the acquisition of real estate developments opportunities. I founded Capital Bay to manage the entire value chain of real estate Investments,' commented Salden, who in his career has worked on over €5 bn of deals.
He was previously a member of Arbireo Capital's management board, as well as the head of residential transaction at Lübke & Kelber. Prior to this period, Salden held the post of managing director at Alt+Kelber Immobilien Management, a subsidiary of Conwert Immobilien Invest SE, was responsible for international transactions in the real estate realm.
Capital Bay launches with six employees. The firm will use a transaction analysis software developed by Salden himself to evaluate real estate transactions in the German marketplace.
