Hemsö acquires two nursing homes in Germany

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.

For more information, please contact:

Nils Styf, CEO                                                                          +46 8 501 170 01
Jens Nagel, Head of Region Germany                                    +49 30 261 075 08

Hemsö is Sweden’s leading owner of properties for public use. The business is based on sustainably owning, managing and developing properties for nursing home, education, health care and the judicial system. Hemsö has properties in Sweden, Germany and Finland. The hallmarks of Hemsö’s business are long-term leases and stable tenants. The Third Swedish National Pension Fund (AP3) is the majority owner. The total value of Hemsö’s property portfolio is SEK 69.6 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015 while it has an A+ rating from Fitch Ratings since March 2021. More information can be found at: www.hemso.se.

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