Capital Bay acquires five senior living and nursing care facilities in Germany for Swiss Prime Investment Foundation
The Capital Bay Group, an international and integrated investment, asset, property and facility manager and project developer for properties of all categories, has completed its first successful transaction for SPA Living+ Europe in conjunction with a mandate for the Swiss Prime Investment Foundation.
The acquisition comprises five senior living and nursing care properties with a total of 254 apartments and 204 nursing beds in the assisted living sector. The five properties have a total rental area of around 28,150 square meters (303,004 square feet) and are located in the German cities of Berlin, Chemnitz, Cottbus, Eberswalde and Freudenstadt.
At the end of 2020, Capital Bay secured the Swiss Prime Investment Foundation mandate to operate as a pan-European investment and asset manager for the new SPA Living+ Europe investment group. This is an investment vehicle under Swiss law for the investment of pension funds. The SPA Living+ Europe Group is focused on investment