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A well-functioning society has motivational learning environments, safe premises for the justice system, and secure nursing homes and hospital beds. These form the backbone of a country’s social welfare. Hemsö strengthen the backbone of society through sustainable ownership, management, and development of the public properties.
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Hemsö is the leading owner of properties for public use in Sweden. The hallmarks of Hemsö´s business are long-term leases, stable tenants, and strong ownership.
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At Hemsö, we do more than just build and manage properties. We create living environments with people in focus. Our vision is to strengthen the backbone of society, and we do this by providing nursing homes, schools, and hospital beds in the community.
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Start / Media / Press releases / Hemsö acquires two nursing homes in Germany

press

Hemsö acquires two nursing homes in Germany

2021-10-26 - Non-regulatory information

Hemsö is acquiring two nursing homes, in two separate transactions, in the state of Bavaria in Germany. The investment amounts to EUR 28 million.

The acquisitions consist of one nursing home in the city of Pullach, in the outskirts of Munich, and one nursing home in Pfronten, close to the Austrian border. The facility in Pullach has been leased by Gemeinnützige Paritätische Altenhilfe in a 25-year rental agreement. The facility in Pfronten has been leased by Korian in a six-year rental agreement.

“We are pleased with these acquisitions in Bavaria, a state where we want to grow our portfolio of nursing homes. We now own close to 70 nursing homes in Germany, eight of which are in Bavaria with around 700 beds,” says Jens Nagel, Head of Region, Germany at Hemsö.

The nursing home in Pullach has 139 beds and the nursing home in Pfronten has 70 beds.

The market value of Hemsö’s total portfolio of 82 properties in Germany is over EUR 1.3 billion.