COMPANY Q4.2019 - Capital Bay
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CAPITAL BAY GROUP
IMPRESSUM IMPRESSUM TEAM VALUES COMPANY PROFILE HUME
Q4.2019
COMPANY
HUME
THE ENTIRE VALUE CHAIN
COMPANY PROFILE
There are many different Alternative
investment managers specialising in German
real estate – but Capital Bay is one of the very
few to offer full service with complete in-house
VALUES
vertical integration. By bringing together the
entire range of management functions – Fund,
Transaction, Investment, Capital, Asset,
Construction, Property, Micro Living, Service,
CAPITAL BAY GROUP
TEAM
Facility and Procurement – in a single
investment group, we are able to systematically
span the entire real estate value chain. Our
internally developed digital tools are perfectly
IMPRESSUM
aligned to this value creation process,
operating automatically wherever possible. Our
assessments and valuations of properties are
focused on the perspective of the property
user, because this is where cash flow originates.
IMPRESSUM
2
HUME
TRACK RECORD CAPITAL
BAY GROUP
COMPANY PROFILE
4.50
200
STAFF MEMBERS
VALUES
THROUGHOUT GERMANY
With its staff of 200, Capital Bay has – in less than four
BILLION (EUR)
REAL ESTATE ASSETS UNDER MANAGEMENT years – been able to successfully complete multi billion
CAPITAL BAY GROUP
TEAM
transactions and investments.
2016 FOUNDED Capital Bay spans the entire
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real estate value creation chain.
INDUSTRIALISED, digitally based acquisition
process.
VALUE-RAISING in-house Asset Management,
GERMANY (8)
10
Construction Management, Property
Management and Facility Management.
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EXPERTLY TIMED property sales executed by BERLIN (HQ), MUNICH, HAMBURG, FRANKFURT,
specialised transaction team. LEIPZIG, LUEBECK, NUREMBERG AND STUTTGART
FULL-SERVICE organisation providing fully
integrated service to investors.
DIGITALISED, ISO-certified and largely
automated processes to systematically build HONG KONG
value using our deep understanding of real
estate market cycles and market dynamics. LOCATIONS LUXEMBURG
3
HUME
CAPITAL BAY OFFICES
COMPANY PROFILE
GERMANY GERMANY
BERLIN BERLIN (HQ)
[Headquarter] Sachsendamm 4/5, 10829 Berlin MUNICH
MUNICH LUXEMBOURG HAMBURG
VALUES
Schlossstr. 14, 82031 München [Grünwald] LUXEMBOURG FRANKFURT A. M.
HAMBURG NUREMBERG
Eppendorfer Baum 39A, 20249 Hamburg LEIPZIG
FRANKFURT STUTTGART
CAPITAL BAY GROUP
TEAM
Lyoner Str. 14, 60528 Frankfurt LUEBECK
NUREMBERG
Rothenburger Str. 106, 90439 Nürnberg
LEIPZIG CHINA
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Gutenbergplatz 1c, 04103 Leipzig HONG KONG
STUTTGART
Neue Weinsteige 40, 70180 Stuttgart
LUEBECK
Seelandstr. 3, 23569 Lübeck
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LUXEMBOURG
LUXEMBOURG
2, rue Jean Monnet; L-2180 Luxembourg
CHINA
HONG KONG
10/F YF Life Tower, 33 Lockhart Road, Wanchai
4
HUME
ASSETS UNDER
MANAGEMENT
COMPANY PROFILE
4.50
VALUES
NETHERLANDS GERMANY
DSYP HOUSING FUND DEVELOPMENT FUND l
BILLION (EUR) DULV HOUSING FUND OPEN ENDED SPECIAL FUND
REAL ESTATE ASSETS UNDER MANAGEMENT
CAPITAL BAY GROUP
PRIVATE PLACEMENT AHRENSBURG
TEAM
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GERMAN ASSETS
Commercial properties
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Residential properties
Senior living
Micro living AUSTRIA
TAKE-OUT FUND
5
HUME
BUSINESS MODEL
3-PILLAR STRATEGY
COMPANY PROFILE
FAMILY OFFICES CORPORATES INSTITUTIONAL INVESTORS
VEHICLE • Private Placements • Joint Ventures • Private placements
VALUES
• Limited no. of partners • Club Deals
• Closed-ended funds*
• Open-ended funds*
CAPITAL BAY GROUP
TEAM
USAGE • Residential • Residential • Residential
• Office, Retail (food) • Office • Office
Micro Living Retail Micro Living / Senior Living
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• • •
• Senior Living • Retail [food]
• Depending on investor‘s profile and fund
strategy
RISK PROFILE • All risk classes • All risk classes • All risk classes
Depending on investor‘s profile and fund
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•
strategy
DEAL SOURCE • On/off-market • Off-market • On/off-market
* Fully BaFin regulated, Hansainvest as Service-KVG
6
CAPITAL BAY GROUP
IMPRESSUM IMPRESSUM TEAM VALUES COMPANY PROFILE HUME
RECOGNISING VALUE.
REALISING VALUE.
RAISING VALUE.
7
7
HUME
BUSINESS MODEL
3-PILLAR STRATEGY
COMPANY PROFILE
RECOGNISING VALUE RAISING VALUE REALISING VALUE
VALUES
FUND MANAGEMENT S.À.R.L.
CAPITAL BAY GROUP
TEAM
CB-MANAGEMENT
COMPANIES
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INTERNAL CONTROLLING ACCOUNTING M&A TREASURY MARKETING&COMMUNICATIONS
DEPARTMENTS IT HUMAN RESOURCES QUALITY LEGAL RENTAL RECEIVABLE MANAGEMENT
8
HUME
ONLINE TRADING
RECOGNISING VALUE IN
COMPANY PROFILE
REAL TIME
The digital platform which centrally supports
our staff is based upon our own proprietary
transaction-support software. This
sophisticated application helps us to find
property targets matched to the investment
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strategy, to automate the valuation process,
and to efficiently manage due diligence.
CAPITAL BAY GROUP
TEAM
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9 9
HUME
ALL TOGETHER
COMPANY PROFILE
Everyday work at Capital Bay is shaped by
esteem and mutual support. We draw our
strength from constructive and respectful
cooperation between partners, the advisory
board, management and all employees. We
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reach our goals by thinking and working
together across all levels.
The experience and skills of our 200 employees
CAPITAL BAY GROUP
TEAM
have boosted Capital Bay to manage property
assets worth around EUR 4.50 billion less than
four years after its inception.
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10 10HUME
BOARD OF DIRECTORS
COMPANY PROFILE
VALUES
GEORGE CHRISTOPH
ROLF CHRISTOPH ROLF
SALDEN GEISSLER
ENGEL GEISSLER SCHNEIDER
CEO CIO
CFO CIO COO
Capital Bay Group Capital
Capital Bay
Bay Group
Group Capital Bay Group Capital Bay Group
CAPITAL BAY GROUP
TEAM
As CEO of Capital Bay, George Salden As CFO, Rolf Engel is responsible for Christoph Geißler is CIO of Capital Rolf Schneider is COO of Capital Bay,
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is mainly responsible for M&A, Finance & Treasury and the Group’s Bay and thus responsible for managing the entire group‘s
marketing and strategic personnel Funds Business. As Executive transaction management, capital operating activities, which include
development. He has over 20 years of Chairman of Capital Bay Fund management and investment asset management, construction &
industry and managerial leadership Management, he also manages the management. He previously worked development, property management,
experience and has steered a fully regulated business in as head of real estate investment and facility management as well as most
transaction volume of over EUR 7 Luxembourg. In 2011, he was one of funds at Munich-based WealthCap CB departments. He is also
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billion. He is the author of the book the two founders of the International Kapitalverwaltungsgesellschaft mbH, responsible for the digitalization
Die Dynamische Methode (The Campus Group, which he successfully where he served as managing process of Capital Bay’s operations.
Dynamic Method) as well as the established in various senior director of more than 20 closed-end He joined from Austrian listed
inventor and co-founder of the management positions until his move real estate funds and alternative property investor conwert Immobilien
evaluation and transaction software to Capital Bay in 2019. As a former investment funds in Europe and the Invest SE, where he served as
and the emerging company CEO and board member of various U.S. with total assets of over EUR 7 managing director of the firm’s
UVALUATE, later 21ST. commercial banks, international billion. Over the past ten years, the German operations, managing real
brokerage houses and affiliates, he lawyer has worked on successful estate assets of some EUR 1.8 billion.
has extensive experience in deals worth over EUR 5 billion.
international capital markets,
investment banking and venture
capital. The graduated physician, MBA
and real estate economist (ebs) can
look back on a transaction volume of
more than 10 billion euros. 11HUME
TRANSACTION MANAGEMENT
COMPANY PROFILE
VALUES
CHRISTOPH GEORG ELLEN ALEXANDER
GEISSLER HAIDER SOMMERFELD FRÖSE
CIO Managing Director Director Director
Capital Bay Group CB Consulting Management CB Transaction CB Transaction
GmbH Management GmbH Management GmbH
CAPITAL BAY GROUP
TEAM
Christoph Geißler is CIO of Capital Bay In his function as Managing Director As Director, Ellen Sommerfeld is Alexander Fröse is director of CB
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and thus responsible for transaction of CB Consulting Management GmbH, responsible for the management, Transaction Management GmbH and
management, capital management Georg Haider is responsible for control, implementation and is actively responsible for the
and investment management.. He managing larger off-market deals as organization of processes as well as acquisition business of real estate
previously worked as head of real well as more complex transactions digitization in transaction projects of all asset classes of the
estate investment and funds at across the entire Capital Bay Group. management. The studied in business CapitalBAY Group. Previously, he
Munich-based WealthCap The lawyer and real estate expert with administration and Real Estate served as authorized signatory for
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Kapitalverwaltungsgesellschaft mbH, a 20-year track record previously Economist (ADI) has been active in the AUREC Capital, where he was Head of
where he served as managing director headed up the German business of real estate industry for more than 25 Acquisitions and Asset Management,
of more than 20 closed-end real the Northern Horizon Group for ten years. Due to her sound real estate, responsible for the acquisition and
estate funds and alternative years. As country director and fund commercial and tax expertise, she management of properties
investment funds in Europe and the manager, he was responsible for the focuses on the management of real throughout Europe. At JLL Retail Asset
U.S. with total assets of over EUR 7 implementation of the group’s growth estate investments and the structuring Management, he led a deal team of
billion. Over the past ten years, the strategy in Germany. Between 2016 of transactions. In addition to many 20 employees and was responsible for
lawyer has worked on successful deals and 2018, he additionally served as years of experience in fund three retail portfolios of a US private
worth over EUR 5 billion. managing director of BGO Property management and executive positions equity fund. Other stations included
Management GmbH. at international real estate companies, JLL Retail Asset Management, CR
she has worked for many years for Investment and McKinsey &
owner-managed construction and Company. He looks back on a
consulting companies. transaction expertise of around 1.5
billion euros.
12HUME
FUND MANAGEMENT
COMPANY PROFILE
VALUES
ROLF THORSTEN THORSTEN RÜDIGER
ENGEL STEFFEN JOERSS KIMPEL
Executive Chairman Risk & Compliance Finance & Operations Sales
of the Board & Board Member & Board Member & Board Member &
Conducting Officer Conducting Officer Conducting Officer Conducting Officer
CAPITAL BAY GROUP
TEAM
As Executive Chairman, Rolf Engel is As a Board Member, Thorsten Steffen As a Board Member, Thorsten Joerss Rüdiger Kimpel is a Board Member
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responsible for the Group's fund is responsible for Risk Management, is responsible for Portfolio responsible for the expansion of the
business and the fully regulated Compliance, Legal & Administration Management, Finance and AIFM's fund business. This applies in
business in Luxembourg.. In 2011 he and IT. The real estate specialist can Operations. He has more than 30 particular to fundraising with
was one of the two founders of the look back on 20 years of professional years of professional experience in international institutional investors.
International Campus Group, which he experience in Real Estate & Private the regulatory environment (BaFin The business graduate comes from
successfully built up in various Equity and a transaction volume of and CSSF) and in particular in asset Corestate Group, where he has
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management positions until his move more than 2 billion euros. Prior to management for institutional and managed over EUR 3 billion of AUMs
to Capital Bay in 2019. As a former that, he was Managing Director of private clients. Most recently, he as the responsible portfolio manager
CEO and board member of various Grant Thornten ABAX Investment worked as Director Sales and for the AIFM. Kimpel has more than
commercial banks, international Services, Managing Director and Operations for the International 15 years of experience in fundraising
brokerage houses and investment Member of the Board of Aviva Campus Group since 2015. In in the real estate and PE sector and in
companies, he has extensive Investors Luxembourg and most addition, Joerss was CEO of Murphy funds in leading positions at
experience in international capital recently Director Risk and Compliance & Spitz and SysTrade Capital AG as companies such as CapitalDynamics,
markets, investment banking and the for the International Campus Group in well as Director Sales and Trading at Gerling Investment (now Talanx) and
investment business / venture capital. Luxembourg. Hornblower Fischer AG. Merrill Lynch (now Blackrock). Over
The medical graduate, MBA and real the past 15 years he has acted as
estate economist (ebs) can look back Managing Director for over EUR 10
on a transaction volume of more than billion in transaction volumes.
EUR 10 billion.
13HUME
INVESTMENT & CAPITAL MANAGEMENT
COMPANY PROFILE
VALUES
MARKUS TORSTEN FLORIAN PHILIPP
HOLZER DOYEN MAACK BRUENTRUP
Managing Partner Managing Partner Director Sales/ Director Sales Asia
CB Investment Management CB Capital Head of Business Development CB Capital Management
GmbH Management GmbH CB Capital Management GmbH
CAPITAL BAY GROUP
TEAM
GmbH
As Managing Partner of CB As Managing Partner of CB Capital Florian Maack is in charge of the As Director Sales Philipp Bruentrup is
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Investment Management, Markus Management GmbH, Torsten Doyen development of investment products responsible for setting up Capital
Holzer is also responsible for the is responsible for expanding the as well as sales to institutional Bay’s institutional capital management
successful syndication of Capital Bay‘s group‘s fund management business investors. The banker with a diploma operations in Asia. In his previous role
transactions. He previously worked with institutional investors. Before in business administration (Diplom- as Transaction Manager at the
for Morgan Stanley, where he served joining CapitalBAY, the trained real Kaufmann) has more than 20 years of company he specialized in residential
as managing director and chief estate economist worked at experience in the property industry and micro living property deals. He
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investment officer of its German real Warburg-HIH Invest Real Estate, most and has realised an investment profits from foreign experience in the
estate investment management recently as managing director for volume of EUR 4 billion over the United Kingdom spanning several
vehicle, with responsibility for the institutional sales with responsibility period, including the respective equity years.
fund management and asset for the company‘s German raises. Before joining CapitalBAY, he
management activities of various investment management vehicle was co-CEO of Nordcapital Holding
globally invested funds. Mr Holzer (KVG). He brings a long track record and between 2007-2012 managing
brings successful past deal closing in real estate, having previously director of the Nordcapital Group’s
experience totalling more than EUR 6 worked at such renowned firms as emission house.
billion. Bankhaus Wölbern & Co. and
Nordcapital, with successful deal
closings totalling some EUR 3 billion.
14HUME
ASSET, PROPERTY, CONSTRUCTION & DEVELOPMENT
COMPANY PROFILE
OLIVER
VALUES
MÜLLER
Managing Director RONNY KRISTINA DAVID
MERGNER REIDEMEISTER BRACHMANN
CB Commercial Asset-, Head of Asset Management Head ofAsset Management Head of Construction &
CB Residential Asset-, & Residential Commercial
CB Property Management Development CB Construction
CB Residential Asset CB Commercial Asset
CAPITAL BAY GROUP
GmbH, & Development Management
TEAM
Management GmbH Management GmbH
CB Immobilienverwaltung GmbH GmbH
Oliver Müller is Managing Director of Before joining CapitalBAY, Ronny Kristina Reidemeister has more than David Brachmann is Head of
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CB Commercial Asset Management Mergner served for ten years with 15 years of experience in the real Construction & Development at CB
GmbH, CB Residential Asset Austria‘s conwert Immobilien Group, estate industry. She was working for Construction & Development
Management GmbH, CB Property with responsibility for asset various asset managers such as Management GmbH. He is responsible
Management GmbH and CB management and development Ebertz & Partner and CR Investment for all construction and project
Immobilienverwaltung GmbH and has across the entire Middle Germany Management. Most recently, she was development activities in the Capital
more than 15 years of professional region. In addition to managing responsible for the asset Bay group. Before joining Capital Bay,
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experience in real estate companies. assets of roughly EUR 700 million, he management of a retail portfolio he was a project developer and
Among others, he was managing brings a track record with spread throughout Germany manager at Berlin communal housing
director at Bilfinger Real Estate Group construction projects totalling some including repositioning of assets, firm Gewobag where he steered the
(today’s Apleona) and most recently EUR 200 million. development of strategies on an development and realisation of close
COO of VIVANIUM Real Estate asset by asset basis as well as the sale to 2,500 flats. With more than 20
Services. During this time, he of individual assets and portfolios. years’ experience in construction and
significantly influenced their She was focused throughout her project management, he previously
development and was responsible for career on retail and office asset also worked with Kondor Wessels, and
asset and property management of management and has an in-depth with Drees & Sommer in the general
properties with an underlying value knowledge of shopping center management of the Potsdam Square
of more than 6 billion euros. management. project in Berlin.
15HUME
MICRO LIVING, RETAIL, IT AND SERVICE
COMPANY PROFILE
VALUES
ALEXANDER GOTTFRIED JÜRGEN MARINA
KERSTING DRESCHER RAUSCH KOETTERITZSCH
Managing Partner Managing Director Managing Director Head of Customer
CB Micro Living GmbH CB Retail Management CB IT Management GmbH Service
CB Service Management
CAPITAL BAY GROUP
GmbH
TEAM
GmbH
Alexander Kersting is Managing Before joining Capital Bay to lead its Jürgen Rausch is responsible for As director of CB Service
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Partner at CB Micro Living GmbH. CB Retail Management GmbH unit, setting up, designing and steering Management GmbH, Marina
He has over 25 years of experience with responsibility for the the IT management of the entire Kötteritzsch has responsibility for
in M&A, private equity, IPO and management and business Capital Bay Group. The Business Capital Bay’s entire spectrum of
property investments with a volume development of CapitalBAY’s and Computer Science graduate customer services. In addition to her
of over EUR 4bn. Before he joined retail/wholesale real estate portfolio, gained experience in SMEs and studies of business management,
Capital Bay, he was Managing Gottfried Drescher served as sales large corporations across a range of she brings 20 years of practical
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Director at micro-living specialist director at Metro Cash & Carry industries at home and abroad. experience in customer relationship
UPARTMENTS Real Estate GmbH Deutschland, with responsibility for Among other things, he worked in management and in building up
(CORESTATE Capital Group). As sole 2,800 staff and EUR 1.3 billion in executive and project roles at service centre organisations. Her
MD of predecessor company sales revenue. From 2010 to 2015 he Daimler in Stuttgart and Berlin, responsibilities included managing
YOUNIQ AG, he was responsible for ran C+C Schaper GmbH, a Talanx in Hanover as well as in the operation services at ALBA Facility
the squeeze-out of the firm and subsidiary of Metro Cash & Carry, micro-finance sector with stints in Solutions GmbH and the service
refinancing its entire portfolio. where he successfully integrated 51 central Asia and Africa. centre of GSW Immobilien AG,
different C+C Schaper locations into which owned 55,000 residential
the Metro portfolio. units at the time.
16HUME
INTERNAL DEPARTMENTS
COMPANY PROFILE
VALUES
ENRICO PETRA DETLEV DANA
OHLIG RICHTER URBANSKI BELLSTEDT
Head of Legal, Head of Accounting Senior Compliance Head of Rental Receivables
Rechtsanwalt Capital Bay Group Officer Management
(Syndikusrechtsanwalt) Capital Bay Group CB Property Management
CAPITAL BAY GROUP
TEAM
Capital Bay Group GmbH
Enrico Ohlig is Head of Legal at Petra Richter, Head of Accounting at As Senior Compliance Officer at Dana Bellsted is Head of Rental
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Capital Bay. The in-house lawyer is Capital Bay, is responsible for the Capital Bay, Detlev Urbanski, is Receivables Management at Capital
responsible for handling all legal accounting and financial reporting of responsible for defining and Bay and is thus responsible for the
processes in the group. Before he the group’s subsidiaries and special complying with internal corporate claims management of the entire
joined the company, he was a legal purpose vehicles. The chartered policies and structures as a senior group. She has close to 20 years’
counsel with several project engineer looks back on over 25 years management position. This includes in experience in the property industry,
developers. For close to 15 years, he of work experience, 15 of which particular that processes are designed including the privatization business,
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headed the legal department of a spent in executive roles in and implemented in accordance with acquisitions and sales of alt+kelber
well-known developer active across accounting and 10 in auditing. the applicable regulations and laws. In Immobilienmanagement GmbH.
Germany. In that role, he was mainly Before joining Capital Bay, Petra addition, he works on risk Most recently, she was responsible
responsible for plot acquisitions and Richter was Chief Financial Officer of minimization and optimizes synergies for establishing and expanding the
sales to support the creation of Freiberger Compound Materials of the overall organization. The accounts receivables management
around 45 supermarkets p.a. as well GmbH. She also served as head of studied in business administration has of the asset management division at
as all real estate-related legal finance and accounting at been responsible for various Conwert Deutschland GmbH,
processes – both extrajudicial and automotive supplier Meleghy management activities in the real covering the firm’s entire German
judicial. Automotive Bernsbach GmbH. estate industry for more than 25 years. portfolio.
Prior to joining the Senior Compliance
Officer role, Mr. Urbanski spent over
three years overseeing the
development and direction of Capital
Bay’s Controlling dept.
17HUME
INTERNAL DEPARTMENTS
COMPANY PROFILE
VALUES
MATTHIAS NATALIE JAN ENGIN
NIMMICH HARDER WÄCHTER ERGÜN
Head of M&A and Head of Human Head of Head of Micro Living
Treasury Resources Marketing & Communications Commercial
Capital Bay Group Capital Bay Group Capital Bay Group Capital Bay Gruppe
CAPITAL BAY GROUP
TEAM
Matthias Nimmich is Head of Mergers As Head of Human Resources, Natalie As Head of Marketing & As Head of Micro Living Commercial,
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& Acquisitions and Treasury, steering Harder is in charge of the strategic Communications, Jan Wächter is Engin Ergün is responsible for the
the financing of all M&A projects alignment of the HR department, responsible for marketing, development and positioning of the
(corporate acquisitions) and with a focus on personnel communications and PR at Capital SQUAREVILLE brand as well as the
coordinating pre- and post-merger management and team development Bay. He has over 15 years experience operative operation of the Service
integrations. He previously was Head as well as the set-up of organisational and worked as a business and Living division including hotels,
of Finance at Julius Berger Nigeria structures and the digitalisation of HR communications advisor for leading apartments and boarding houses at
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PLC, with around 10,000 employees processes. She has over 25 years’ property and financial companies for Capital Bay. The real estate specialist
one of the largest construction experience in HR and sales and has eight years before he joined Capital has more than 20 years of
companies in Africa. He was been working in several management Bay. He was also publisher of the professional experience in the hotel
responsible, among other things, for roles, for example at FedEx Express. online and opinion portal “The sector and has held various
cash management and working She is also responsible for setting up Property Post”. Before that, he worked management positions as hotel
capital financing. and implementing a Leadership in property management and director in Berlin and Dresden as well
Academy for CapitalBAY. corporate communications and as regional director for Berlin and
development at GSW Immobilien AG Saxony, mainly in the 4-star segment.
(now Deutsche Wohnen). In addition, he was Director Marketing
& Sales for a medium-sized hotel
group for 3 years and most recently
worked as Regional Director for the
GOLD INN Hotels in Berlin.
18HUME
CONTACT
COMPANY PROFILE
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
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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
CAPITAL BAY GROUP
TEAM
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
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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
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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
info@capitalbay.de
T +49 30 120866 20
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