Q3.2021 COMPANY PROFILE - Capital Bay
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CAPITAL BAY GROUP
COMPANY PROFILE
Q3.2021
1
WHO WE ARE
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 - Fund, Transaction,
Investment, Capital, Asset, Construction &
CAPITAL BAY GROUP
Development, Property, Micro Living,
Service und Facility - 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.
2
CAPITAL BAY GROUP IN
FIGURES GERMANY
BERLIN (HQ), POTSDAM, MUNICH. HAMBURG, LUEBECK, FRANKFURT A.M., DUSSELDORF,
LUXEMBOURG NUREMBERG, LEIPZIG, DRESDEN, LUDWIGSBURG, STUTTGART, HEILBRONN, HANOVER
LUXEMBOURG
NETHERLANDS
6.60 250 22 + AMSTERDAM
BELGIUM
BRUSSELS
BILLION EURO EMPLOYEES LOCATIONS
ASSETS UNDER WORLDWIDE WORLDWIDE UNITED KINGDOM
MANAGEMENT LONDON
FRANCE
PARIS
CAPITAL BAY GROUP
FOUNDED IN 2016 Capital Bay spans the entire SWITZERLAND
real estate value creation chain across all real ZURICH
estate asset classes.
EUR 6.60 BN AUM with over EUR 1.5 bn of
assets in sub-asset classes, micro-living, student
housing, assisted and senior living. CHINA
INDUSTRIALISED digital acquisition process. HONG KONG
RAISING VALUE Full service vertically integrated
in-house Fund Management, Asset Management,
Development Management, Construction
Management, Property Management and Facility
Management. UNITED ARAB EMIRATES
EXPERTLY TIMED property sales executed by a ABU DHABI
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.
OWN MACROPLATTOFRM FOR MICRO
LIVING bundles commercial and residential
operator brands for all forms of living.
3
WHAT WE DO AND HOW WE DO IT
FUND & INVESTMENT REAL ESTATE TECHNOLOGY OPERATION
MANAGEMENT MANAGEMENT
Capital Bay Fund Management Capital Bay covers the entire value chain Capital Bay's mission is to drive digital The 360 Operator platform comprises
CAPITAL BAY GROUP
offers for investors from all over the world around the property: development, innovation in the real estate industry. all operator concepts of Junior
individual investment solutions in construction, managing - everything from a Therefore, we create a unique to Senior Living and everything in between.
funds, separate accounts und single source. environment for passionate real estate Suitable for every phase of life.
other management structures. innovators.
Vertically fully integrated.
Fully licensed. Regulated. Experienced. Digital. Sustainable. From industry for industry. Individual. Flexible. Dynamic.
CAPITAL BAY FUND MANAGEMENT CAPITAL BAY GMBH PROP TECH PLATFORM THE OPERATOR PORTFOLIO
EUR 1.5 billion assets under management EUR 6.6 billion assets under management. Our vision: to create a unique platform 9 strong brands
9 funds (residential & micro living) 250+ employees worldwide covering all services from trading to 3,750+ employees worldwide
22 offices worldwide construction and management of 70+ Assets under operation
real estate. 10,000+ units under operation
incl. 4,000 beds for inpatient care
4
CAPITAL BAY GROUP
FUNDS UNDER MANAGEMENT
As a fully regulated AIFM in Luxembourg, we are
experts in national and international fund
management.
Development Fund Development Fund CB SMART LIVING GERMANY FUND
We run investment funds with different investment Frankfurt II Freiburg II Munich
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
CAPITAL BAY GROUP
and corporates in Germany, Europe and worldwide.
LUXEMBOURG REGULATED FUNDS
DEVELOPMENT FUND I € 400m current GAV
THE FIZZ TAKE-OUT € 240m current GAV
FUND € 405m target GAV
CB SMART LIVING GERMANY Minority Fund Minority Fund Fizz Take-Out Fund
FUND € 72m current GAV
Düsseldorf Pentahotel, Braunschweig Hannover
CB RE MINORITY FUND € 553m current GAV
SPA LIVING + EUROPE € 44m current GAV
€ 900m target GAV
CB STAYTOO FUND € 134m current GAV
CB EUROPE SECURED WHOLE
LOAN FUND € 390m CiK Value
GERMAN REGULATED FUNDS
CB WOHNIMMOBILIEN € 173m current GAV
Private Placement CB Wohnimmobilien Deutschland
DEUTSCHLAND € 300m target GAV SPA Living + Europe
PRIVATE PLACEMENT Ahrensburg Stuttgart
€ 40m current GAV Dresden
AHRENSBURG € 40m target GAV
5
BUSINESS MODEL
FAMILY OFFICES CORPORATES INSTITUTIONAL INVESTORS
• Private placements
• Joint Ventures
• Private Placements • Club Deals
VEHICLE • Limited no. of partners
• Closed-ended funds*
• Open-ended funds*
CAPITAL BAY GROUP
• Residential
• Office • Residential
• Residential
• Retail • Office
• Office
ASSET CLASS • Food • Micro Living / Senior Living
• Retail
• Micro Living • Retail
• Food
• Senior Living • Food
RISK PROFILE • All risk classes • All risk classes • All risk classes
DEAL SOURCE • On/off-market • Off-market • On/off-market
* fully regulated by CSSF with own licence via Capital Bay Fund Management in Luxembourg;
fully regulated by BaFin, HANSAINVEST as Service KVG in Germany
6
360 OPERATOR
OUR MACRO PLATFORM FOR MICRO LIVING
• 9 STRONG BRANDS
• 70+ ASSETS UNDER OPERATION
• 10,000+ UNITS UNDER OPERATION
• 3,750+ EMPLOYEES WORLDWIDE
360 Operator develops holistic commercial and
CAPITAL BAY GROUP
residential concepts and brands, offering a
flexible range of services and spaces for every
phase of life and lifestyle. The 360 Operator
macro platform bundles currently nine
operator brands with more than 70 assets and
around 10,000 units. The company was
founded in 2020 by George Salden and is
exclusive partner of the Capital Bay Group. The
aim of 360 Operator is to develop and operate
cyclically dynamic brands that cover the entire
cycle of life - from childcare to nursing homes.
7
360 OPERATOR
BRAND WORLD
CAPITAL BAY GROUP
8
360 OPERATOR
HIGHLIGHT: SENIOR LIVING EXPERIENCE: CURATA
RANKED WITHIN THE TOP 20 CARE
PROVIDERS IN GERMANY, CURATA OFFERS
EXCELLENT MARKET EXPERTISE AND
NETWORK WITHIN THE GERMAN CARE
MARKET AND NEIGHBORING COUNTRIES:
• Extensive experience in acquisition and
restructuring
CAPITAL BAY GROUP
• Strong growth with high profitability
• Very high-quality standard
• Strong skilled workforce ratio and investment in
own training capacities
• 40 facilities in 12 states with over 4,000 inpatient
care patients (2021)
• Long term lease
9
GROUP STRUCTURE
CENTRIFUGE HOLDING
GMBH
CB INTERNATIONAL 360 OPERATOR
FUND MANAGEMENT CAPITAL BAY GMBH CB TECHNOLOGY GMBH
GMBH GMBH
CAPITAL BAY FUND CAPITAL BAY MANAGEMENT COMPANIES: 21st REAL ESTATE
CAPITAL BAY GROUP
MANAGEMENT SARL GMBH HERZ
CB INVEST | CB CAPITAL
FLÜGLER
CB TRANSACTION ONSITE IMMOAGENT
GMBH
STUDENT +YOUNG
CB HEALTHCARE AQUISITION
SERVICED LIVIING
STUDENT LIVIING
WAREHOUSING
PROFESSIONAL
PROFESSIONAL
SELF STORAGE
CB ASSET
COMMERCIAL
RESIDENTIAL
RESIDENTIAL
CHILDCARE
LIFESTYLE
CB PROPERTY
SERVICED
LIVING
LIVING
CB IMMOBILIENVERWALTUNG
CB CONSTRUCTION & DEVELOPMENT
CB DISTRICT DEVELOPMENT Coming Coming Coming
soon soon soon
CB FACILITY | CB SERVICE
CB DESIGN & PLANNING
CORPORATE LIVING
& SERVICED SLIVER
OUTPATIENT CARE
SERVICED LIVING
LIFESTYLE HOTEL
CB PROCUREMENT
NURSING HOME
INDEPENDENT
CB SALES
LUXURY
LIVING
10TECHNOLOGY:
ONLINE TRADING
RECOGNISING VALUE IN
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
strategy, to automate the valuation process,
and to efficiently manage due diligence.
CAPITAL BAY GROUP
11 11ALL TOGETHER
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
reach our goals by thinking and working
together across all levels.
CAPITAL BAY GROUP
12 12BOARD OF DIRECTORS
GEORGE CHRISTOPH
ROLF ROLF
SALDEN GEISSLER
ENGEL SCHNEIDER
CEO CIO
CFO COO
Capital Bay Group Capital
Capital Bay
Bay Group
Group Capital Bay Group
CAPITAL BAY GROUP
As CEO of Capital Bay, George Salden As CFO, Rolf Engel is responsible for Rolf Schneider is COO of Capital Bay,
is mainly responsible for M&A, Finance & Treasury and the Group’s managing the entire group‘s
marketing and strategic personnel Funds Business. As Executive Chairman operating activities, which include
development. He has over 20 years of of Capital Bay Fund Management, he asset management, construction &
industry and managerial leadership also manages the fully regulated development, property management,
experience and has steered a business in Luxembourg. In 2011, he facility management as well as most
transaction volume of over EUR 7 was one of the two founders of the CB departments. He is also
billion. He is the author of the book International Campus Group, which he responsible for the digitalization
Die Dynamische Methode (The successfully established in various process of Capital Bay’s operations.
Dynamic Method) as well as the senior management positions until his He joined from Austrian listed
inventor and co-founder of the move to Capital Bay in 2019. As a property investor Conwert
evaluation and transaction software former CEO and board member of Immobilien Invest SE, where he
and the emerging company various commercial banks, internat- served as managing director of the
UVALUATE, later 21ST. ional brokerage houses and affiliates, firm’s German operations, managing
he has extensive experience in inter- real estate assets of some EUR 1.8
national capital markets, investment billion.
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.
13FUND AND INVESTMENT
MANAGEMENT
ROLF THORSTEN THORSTEN RÜDIGER
ENGEL STEFFEN JOERSS KIMPEL
Executive Chairman Risk & Compliance Finance & Operations International Sales
of the Board & Board Member & Board Member & Board Member Capital BAY
Conducting Officer Conducting Officer Conducting Officer Fund Management
CAPITAL BAY GROUP
Luxembourg
As Executive Chairman, Rolf Engel is As a Board Member, Thorsten Steffen As a Board Member, Thorsten Joerss Rüdiger Kimpel is a Board Member
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
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.
14TRANSACTION, ASSET, PROPERTY MANAGEMENT AND CONSTRUCTION & DEVELOPMENT
ANDREAS STEPHANIE CHRISTIAN OLIVER
SIELEMANN KÜHN KRAUSE MÜLLER
Managing Director | Healthcare Director | Residential Managing Partner Managing Director
CB Healthcare Aquisition CB Transaction CB Construction & CB Asset Management GmbH
Management GmbH Management GmbH Development Management CB Property Management GmbH,
CAPITAL BAY GROUP
GmbH CB Immobilienverwaltung GmbH
Andreas Sielemann is Director of CB Stephanie Kühn is Director of CB Christian Krause is responsible at the Oliver Müller is Managing Director of
Healthcare Aquisition GmbH and is Transaction Management GmbH and Capital Bay Group for quarter and CB Asset Management GmbH, CB
responsible for the acquisition is responsible residential transactions. urban development in all phases of Property Management GmbH and CB
business of care properties. He comes She is the key account manager for the project life cycle. Immobilienverwaltung GmbH and has
from the Immac Group, market leader existing acquisition mandates and Coming from the international more than 15 years of professional
for investments in healthcare real responsible for the expansion of this business of Hochtief, he has been experience in real estate companies.
estate in Germany. From 2017 to 2019 service. Moreover, she oversees the advising clients in the construction Among others, he was managing
he was Head of Transactions for the implementation of the internal CB and real estate industry worldwide on director at Bilfinger Real Estate Group
acquisition of inpatient care facilities, Transaction Academy. In cooperation strategic and operational issues as a (today’s Apleona) and most recently
clinics and assisted living facilities. At with the PropTech 21st Real Estate management consultant since 2014. COO of VIVANIUM Real Estate
HSH Nordbank AG, the 55-year-old GmbH Stephanie Kühn supports the As a Technology Partner of PwC Services. During this time, he
was responsible for the healthcare digitalization of the acquisition Europe, the focus was increasingly on significantly influenced their
sector with a total portfolio worth process. Before joining Capital Bay, the digitalisation of clients. development and was responsible for
around EUR 1.5 billion from 2013 to she worked for Arbireo Capital AG & Previously, he built and managed asset and property management of
2016. Sielemann can look back on a Dr. Lübke & Kelber GmbH. With business units in Germany and properties with an underlying value
track record totalling EUR 300 million. approx. 15 years of working internationally at Hochtief and Royal of more than EUR 6 billion.
experience Ms. Kühn took an active BAM Group.
part in transactions with a total
volume of EUR 1.0 billion.
15SALES & MARKETING
Ruediger Kimpel has worked in Sales for over 20 years. At Capital Bay As Director Sales Philipp Bruentrup is
he is responsible for institutional sales in the EMEA & Asia Pacific responsible for setting up Capital
region. Prior to that he was head of international Portfolio- Bay’s institutional capital management
management & Sales at Corestate Capital. At International Campus operations in Asia Pacific. In his
he helped raising the first fund with family offices from the EMEA previous role as Transaction Manager
RUEDIGER PHILIPP
KIMPEL region. At Capital Dynamics he headed global sales and successfully BRUENTRUP at the company he specialized in
Global Head of Sales managed the growth of the global business. He started his career at Director Sales APAC residential and micro living property
Board Member Capital BAY CB Capital
Fund Management Flemings (today J.P. Morgan) and Merrill Lynch (today Blackrock) in Management GmbH deals. He profits from foreign
CAPITAL BAY GROUP
Luxembourg international Sales in Europe. Over the past 15 years he has acted as experience in the United Kingdom
Managing Director for over EUR 10 billion in transaction volumes. spanning several years.
GUY MATTERN TBA GENE WEINFORT OLIVER COLLINS
Senior Manager Sales & Head of Sales Senior Manager Global Sales Project Management Assistant
Development Continental Europe Germany, Austria, Switzerland & Marketing Strategy
France starting October 1st, 2021
16CONTACT
CAPITAL BAY GMBH DISCLAIMER
Sachsendamm 4/5 This summary of information contains statements, analyses, forecasts and concepts which serve as non-binding information. This compilation does not
10829 Berlin constitute tax, legal or other advice and does not constitute an offer for the management of assets or recommendation/advice for asset disposals. The
Germany 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
info@capitalbay.de
counselling. Capital Bay GmbH, Sachsendamm 4/5, 10829 Berlin and its subsidiaries - hereinafter referred to as CB&T - is not liable for future economic
T +49 30 120866 20 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
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.
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