Hemsö acquires five nursing homes in Germany
Hemsö is continuing to grow in Germany and is acquiring five secure housing facilities and nursing homes in four separate transactions. The total investment value is EUR 62 million.
The properties, which encompass 29,000 sqm and 620 nursing home beds, are in the states of Bavaria, Hesse, Saxony and Thüringia, with an average rental duration of 16 years.
The acquisition includes Hemsö’s first municipal nursing home in Germany. The municipal nursing home is leased by the district of Gotha, in the state of Thüringia. The property encompasses 12,600 sqm and 240 nursing home beds, with an average rental duration of 15 years.
“With these acquisitions, we are continuing our strategy to both expand our ownership and develop new nursing homes in attractive regions in Germany. All the cities are in areas with economic and demographic growth and where we already have properties,” says Jens Nagel, Head of Region, Germany at Hemsö.
In Germany, Hemsö owns and manages public properties with a property value of approximately SEK 9 billion, primarily in elderly care. Most of these are nursing homes. After these latest acquisitions, Hemsö owns approximately 5,200 nursing home beds in Germany.