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Developer forms modular European buildings JV
Investors - OCTOBER 19, 2021

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Developer forms modular European buildings JV

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Capital Bay Group, a fully integrated international asset, investment and fund manager, and cross-sector real estate developer, and Daiwa House Modular Europe are establishing an extensive and strategic partnership for modular building.

George Salden (CEO) and Rolf Schneider (COO) of Capital Bay Group reached the strategic partnership with Harry van Zandwijk (CEO) and Richard Brinkmann (CFO) of Daiwa House Modular Europe. Daiwa House Modular Europe was established in 2021 following the acquisition of Jan Snel by the Daiwa House Group in the same year. Daiwa House Group is one of the global market leaders in industrialized building, with net annual sales of approximately €32 billion ($37 billion), some 49,000 employees, and more than 1.9 million completed residential and commercial units.

The aim of the collaboration is to develop an integrated platform for the industrialized production and the sale of prefabricated building modules and micro-apartments. The target gr

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