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Sign in Sign up for a FREE subscriptionCapital Bay forms micro living marketing JV with Projekte Partner
Capital Bay Group (Capital Bay), a facility manager with €7.5 billion ($8 billion) in assets under management, has formed a joint venture for property sales together with property marketing specialist PP Projekte Partner.
With the founding of Capital Bay Sales GmbH, the shareholders and previous founders of DI Deutschland.Immobilien AG, who sold 75.1 percent to the MLP Group in 2019, have created a platform for the single sales of sustainable micro-living products, which Capital Bay realizes in cooperation with its strategic partner Daiwa House Modular Europe, a Fortune 500 company and market leader in modular construction. The target groups are private and semi-professional investors.
“Together with Daiwa House Modular Europe, we are building sustainable, circular housing concepts in modular construction, thus creating much-needed living space more quickly than with conventional construction methods,” said George Salden, CEO of Capital Bay. “With PP Projekte P
