Capital Bay Group

What Capital Bay Group does

Capital Bay Group is a Berlin-headquartered, privately held real estate investment manager, developer, and operator founded in 2016, with a regional headquarters in Luxembourg. The company runs a vertically integrated platform spanning investment and fund management (11 Alternative Investment Funds, ~EUR 0.5 billion AUM as of Q2/2025), project development and modular construction, and property and facility management for approximately 11,000 residential units aggregated under the 360 Operator GmbH platform across ten operator brands covering student, senior, micro-living, and serviced apartment segments. Its flagship technical capability is industrial modular construction, delivered through a joint gigafactory partnership with Daiwa House Modular Europe (part of Japan's Daiwa House Group), targeting 30-50% faster build times and approximately 50% CO2 reduction versus conventional methods, with buildings certified to KfW Efficiency House Standard 40 and designed for circular-economy reuse.

Capital Bay generates revenue through four streams: recurring AIF management and performance fees on its fund vehicles (including the EUR 1.5 billion target Capital Bay Europe Secured Whole Loan Fund, a self-storage fund, and a proptech fund), transaction commissions on acquisitions and dispositions, development and construction services, and managed services through property and facility management. Its go-to-market is sales-led, targeting institutional investors (pension funds, insurers, family offices, sovereign wealth funds), German municipalities (Kommunen) seeking affordable and rapid ESG-compliant housing, and corporate clients needing employee or operational housing. Distribution leverages the GII joint venture for MENA capital access and direct enterprise sales across Germany, the UK, France, Italy, Ireland, and Luxembourg. The company holds TÜV SÜD ISO 9001:2015 certifications for asset, property, and transaction management, the last of which it was the first German firm to obtain, and operates with 51-100 employees under CEO George Salden, CFO Rolf Engel, and COO Rolf Schneider.

Name

Capital Bay Group

Legal name

CB Design & Planning Management GmbH

Website

https://capitalbay.eu

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Capital Bay Group is a Berlin-based, vertically integrated real estate investment manager, developer, and operator that manages AIFs, delivers modular housing through a Daiwa House gigafactory JV, and operates ~11,000 residential units via its 360 Operator platform for institutional investors, municipalities, and corporate clients across Europe.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Investors, Nec (6799), Mortgage Bankers & Loan Correspondents (6162), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), SME Term Loans & Growth Capital (FSAKAGAB)

Keywords

• Real estate investment management
• Modular construction services
• Property asset management
• Alternative investment funds
• Residential real estate development

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Investment and Asset Management Fees: Capital Bay operates as an AIFM (Alternative Investment Fund Manager), managing assets under management and charging management fees. The company manages approximately EUR 0.5 billion AuM (Q2/2025) and approximately EUR 7.5 billion historically, across 11 AIFs.
2. Fund Management: The company manages closed-end funds for institutional investors, including a Whole Loan Fund (target EUR 1.5 billion), self-storage fund, and proptech fund. Revenue generated through fund management fees and performance fees.
3. Development and Construction Services: Revenue from project development services including modular housing construction, from land identification through to completed buildings, serving institutional investors and municipalities.
4. Property and Facility Management: Property management, facility management, and operator platform services through 360 Operator GmbH, managing approximately 11,000 units across various living segments (student, senior, micro-living).
5. Transaction Management: Real estate transaction services including acquisition and disposition, with realized transaction volume of EUR 2.4 billion in 2021.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Capital Bay Group is a vertically integrated real estate investment and asset manager that covers the full value chain from investment management and modular development to property operations. The company manages approximately EUR 0.5 billion in current assets under management and approximately EUR 7.5 billion historically across 11 Alternative Investment Funds (AIFs), offering services in development, asset management, transaction management, and property management. Core offerings include the Capital Bay Europe Secured Whole Loan Fund (EUR 1.5 billion target), self-storage and proptech funds, and the 360 Operator platform managing approximately 11,000 units across student, senior, and micro-living segments.

Product overview

Capital Bay Group is a fully-integrated investment and asset manager for real estate, operating as a single unified platform that combines investment management, modular development, property operations, and operator brands. The core offering spans Development (modular construction with Daiwa House partnership), Operation (via Stayurban brand and 360 Operator GmbH platform managing ~11,000 units), and specialized management services including Asset Management, Transaction Management, and Property Management. The company also manages alternative investment funds including the Capital Bay Europe Secured Whole Loan Fund (EUR 1.5B target), a self-storage fund, and a proptech fund.

Differentiator

Problem solved

Functional benefit

Brands

• Stayurban: Service-living brand offering modern urban living accommodations. Opened in Klinke district Magdeburg (November 2024), with locations in Berlin and Frankfurt.
• 360 Operator

Products and services

• Development Real estate development services focusing on modular construction for new residential housing, covering the full chain from land identification through financing, project development, construction, and operations, targeting institutional investors, municipalities, and companies.
• Operation Property operations and management services for residential real estate, including the Stayurban service-living brand, providing serviced apartments and operational management of residential properties.
• Asset Management Comprehensive asset management services for real estate portfolios, integrating operating companies and property management, TÜV SÜD certified according to ISO EN 9001:2015, for institutional investors and real estate portfolio owners.
• Transaction Management Transaction management services for property acquisitions and sales, awarded TÜV SÜD quality seal according to ISO EN 9001:2015, with EUR 2.4 billion in realized transaction volume in 2021.
• Property Management Property management services including TÜV-certified quality management for residential, commercial, and logistics properties, managing approximately 11,000 units across various living segments including student, senior, and micro-living.
• Capital Bay Europe Secured Whole Loan Fund Real estate debt fund providing whole loan financing for project developments in UK, France, Germany and Italy with target volume of EUR 1.5 billion, available to institutional investors.
• 360 Operator GmbH Platform Operator brand platform bringing together multiple operator brands (including Curata, Penta Hotels, Staytoo, Stayurban) for micro living and senior living segments, managing approximately 11,000 units across daycare centers, student accommodation, serviced flats, and care facilities.

Quantifiable outcome

• 30-50% faster construction time compared to conventional building methods
• +6 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Daiwa House Modular EuropeflagshipStrategic or Co-development Partner · 19 October 2021Strategic partnership with Daiwa House Modular Europe (part of Daiwa House Group, global market leader in industrial construction with EUR 32 billion annual turnover, 49,000 employees, and 1.9 million completed units). The partnership aims to establish a joint gigafactory for modular construction in Europe, targeting production commencement in 2024. Modules are sold to Capital Bay's 360 Operator GmbH brands and European third-party customers. Achieves 30-50% construction time savings and 50% CO2 reduction.
• Gulf Islamic Investments (GII)coreStrategic or Co-development Partner · 1 August 2021Joint venture to establish a Luxembourg-regulated investment platform for European senior living properties in Germany and Europe. Focuses on core-plus and value-add strategies. Makes European property market accessible to investors from Middle East and North Africa (MENA region).
• Deutsche Wohnen SEminorOthers · 1 August 2021Acquisition services for Deutsche Wohnen SE, a major German residential real estate company.
• 360 Operator GmbHcoreStrategic or Co-development PartnerExclusive cooperation partner bringing together 10 operator brands (including Curata, Penta Hotels, Staytoo) on one platform. Covers daycare centers, student accommodation, serviced flats, and care facilities. Manages approximately 11,000 units, growing to 15,000 medium-term target.
• Swiss Prime Investment FoundationminorOthersInvestment management mandate received from Swiss Prime Investment Foundation.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Patrizia: Patrizia is a leading European real estate investment manager headquartered in Augsburg, Germany, managing real estate funds and mandates for institutional investors — directly comparable to Capital Bay's investment management and fund management business across residential and pan-European strategies.
• Real I.S. Real Estate: Real I.S. is a Munich-based real estate investment manager specializing in closed-ended real estate funds for institutional and semi-institutional investors in Germany and Europe — directly comparable to Capital Bay's AIF-focused closed-end fund strategy.
• Corestate Capital: Corestate Capital is a Frankfurt-based real estate investment manager specializing in residential, micro-living, and opportunistic strategies — directly comparable to Capital Bay's micro-living/senior living segments and German institutional fund model.
• Catella: Catella is a European real estate investment manager operating multiple property funds and advisory mandates across Germany and Northern Europe — closely comparable to Capital Bay's pan-European fund management and residential/logistics focus.
• KanAm Grund: KanAm Grund is a Frankfurt-based real estate fund manager running institutional real estate special funds focused on European office, retail, and residential — comparable to Capital Bay's AIF management model and German institutional distribution.
• BEOS Real Estate: BEOS (now part of Swiss Life Asset Managers) is a German real estate investment manager focused on logistics/light-industrial — comparable to Capital Bay's property management work for logistics clients like P3 Deutschland and its German institutional fund focus.

Broad incumbents

• Deka Immobilien: Deka Immobilien is the real estate arm of DekaBank and a major European real estate fund manager with a broad institutional client base — comparable to Capital Bay's fund/AIF management activity and German institutional focus, with significantly larger AUM scale.
• Union Investment Real Estate: Union Investment Real Estate is one of Germany's largest real estate investment managers, operating open-ended and closed-ended real estate funds with deep institutional LP relationships — comparable to Capital Bay as a much larger incumbent in the same German/European fund management category.
• Vonovia: Vonovia is Europe's largest residential real estate company with a vertically integrated platform from development to operations — comparable to Capital Bay's vertically integrated model, but at much larger scale and with a different capital structure.

Regional players

• GIEAG Immobilien: GIEAG Immobilien is a Munich-based real estate developer and asset manager with German institutional investor focus on residential, office, and logistics development — comparable to Capital Bay's German development and asset management activities with similar mid-market positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookde-de.facebook.com/martin.noize
• LinkedInlinkedin.com/company/capital-bay-group

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Bay Group