July 9, 2014 - Assignment

Hemsö acquires nursing homes in Germany

Hemsö has recently acquired elderly care homes in Berlin, Cologne and Dresden with a total value of approximately SEK 285 million. In total, the homes accommodate approximately 335 residents and include 40 service apartments.

The nursing home in Berlin is operated by Alloheim and the tenant in Cologne is healthcare operator Phönix. Both homes were acquired from listed real property group Conwert. The home in Dresden-Blasewitz is operated by the Buchard Führer Gruppe. Hemsö has entered into long term leases with all health care services operators.

Hemsö is a property company that owns, manages and develops buildings for community services in Sweden and Germany. Hemsö’s property portfolio in Germany, managed from the company’s office in Berlin, comprises 22 elderly care homes with a total property value of approximately SEK 1.8 billion. The Hemsö group is owned by The Third Swedish National Pension Fund (85%) and real property company Sagax (15%).

Hemsö was advised by Mannheimer Swartling in the transactions. The firm’s team in Berlin handling the assignments included Thilo Schulz and Malte Woock; Maria Wolleh was the responsible partner.