March 18, 2016 - Assignment

Hemsö acquires six nursing homes in Germany

Hemsö has (during the period December 2015 until March 2016)  acquired six elderly care homes in Wiesbaden, Taunusstein, Darmstadt, Hadamar and Bremen with a total value of approximately SEK 575 million. In total, the elderly care homes accommodate approximately 670 people and include 45 service apartments.

Hemsö is a property company that owns, manages and develops buildings for community services in Sweden, Finland and Germany. Hemsö’s property portfolio in Germany, managed from the company’s office in Berlin, comprises now 32 elderly care homes with a total property value of approximately SEK 2.9 billion. The Third Swedish National Pension Fund (AP3) is the majority owner.

The care homes in Wiesbaden and Taunusstein were acquired from Waldburg-Zeil-Kliniken-group. The care homes in Darmstadt and Hadamar were acquired by Merkur Development. The homes in Bremen-Findorff and Bremen-Gröpelingen were acquired from First Raglan GmbH and Gröpelinger Grundstücksverwaltungsgesellschaft mbH & Co. KG. The sellers acted as a joint venture. Hemsö has entered into long term leases with all services operators.

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