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Hemsö acquires two nursing homes in Germany

- Non-regulatory information

Hemsö is acquiring two nursing homes under construction in Ahrensburg (Hamburg) and Reinfeld (Lübeck), Germany, for SEK 228 million.

Together, the properties will comprise 205 nursing home spaces and the total area is 11,200 sqm. The tenant is Inter Pares, which has signed a 25-year lease. The investment amount is SEK 228 million.

“We are continuing our expansion in nursing homes in high-growth regions in Germany and this is Hemsö’s first investment in the Hamburg area. These will be new, ultramodern premises that offer residents a comfortable life,” says Jens Nagel, Hemsö’s Head of Region Germany.

The properties were divested by TERRAGON, a German project developer within the nursing home segment, and are scheduled to be complete during the autumn 2018. Possession with be transferred after construction is complete.