Press Release 01 September 2021

Capital Bay Forms €500 Million Joint Venture with Gulf Islamic Investments

The Frankfurt Real Estate Industry team advised Capital Bay Group on the formation of a joint venture with UAE-based Gulf Islamic Investments LLC. Under the joint venture, the two partners are launching a platform that will invest in European senior living real estate opportunities through various funds.

The Luxembourg-regulated platform will launch in September 2021 with an initial €500 million offering focused on real estate investments, predominantly in income producing and growth properties located in Germany and potentially in other Continental European markets.

Capital Bay and Gulf Islamic Investments will be jointly responsible for all aspects of the platform, including the investment strategy, portfolio, and asset management, in order to deliver superior returns.

The Goodwin team is led by Markus Käpplinger, and included Joachim Kayser, Sebastian Bruchwitz, Heiko Penndorf, Felix Krueger, Robert Jochim, Nadine Gommel, Tobias Koch, and Harry Ghillemyn, Bastien Voisin and Kenza Hamache in Luxembourg.