Therme Group Secures Major Investment for Wellbeing Expansion
Therme Group's New Investment Partnership
Therme Group has reached a significant milestone in its quest to enhance urban wellbeing. The company has entered into a partnership with Sculptor Capital Management, securing up to €245 million in growth investment. This funding is set to bolster the development of high-quality wellbeing infrastructure across various locations.
Investment Details and Objectives
An initial portion of the investment has already been allocated to support Therme Group's two flagship wellbeing resorts in Europe. Furthermore, additional funding is anticipated to support the ambitious development of Therme Manchester, which aims to be the first large-scale wellbeing destination in the UK. This strategic investment is crucial for expanding access to wellness experiences for urban communities.
The Vision Behind the Partnership
Adrian Ion, Chief Financial Officer of Therme Group, expressed enthusiasm regarding the partnership, stating, "Sculptor's significant capital allocation to our platform is a testament to our strong track record as an operator and developer of Therme wellbeing infrastructure. In Sculptor, we have a capital partner with a wealth of experience and an appetite for growth." This collaboration seeks to integrate sustainable wellbeing practices into urban development, allowing city dwellers to engage in healthier lifestyles.
Future Expansion Plans
One of the highlights of Therme Group's expansion is Therme Manchester—a groundbreaking project that is projected to cost €500 million and cover 28 acres. This destination will feature a variety of amenities, including thermal and mineral pools, botanical gardens, fitness spaces, and cultural programming aimed at promoting community wellbeing. The project represents a pivotal step in Therme's mission to redefine urban living by making wellbeing more accessible.
Global Recognition and Influence
As a global leader in wellbeing infrastructure, Therme Group continues to innovate and expand. Locations such as Therme Bucharest and Therme Erding welcome millions of visitors annually and set high standards in environmental design and wellness. They aim to create multi-sensory experiences that foster health through nature, water, and technology, which in turn builds healthier communities.
About Therme Group
Therme Group is not just about leisure; it aims to pioneer a new societal standard of health and wellbeing through groundbreaking infrastructure projects. By integrating nature and advanced technologies, the company aspires to create inclusive spaces that enhance physical and mental health. With an eye on future projects in cities such as Manchester, Frankfurt, Toronto, and Dubai, Therme is set to continue its global influence in urban wellbeing.
About Sculptor Capital Management
Sculptor, a leader in alternative asset management, has a rich history of strategic investments across various sectors, including real estate. Their experience in non-traditional investment opportunities positions them as a key ally for Therme Group. Sculptor's investment strategy, focused on operational excellence and risk management, complements Therme's mission dedicated to enhancing urban health and wellbeing.
Frequently Asked Questions
What is the main objective of the partnership between Therme Group and Sculptor?
The partnership aims to secure funding to expand Therme Group's wellbeing infrastructure projects, enhancing community access to wellness facilities.
What are the key features of Therme Manchester?
Therme Manchester will include thermal and mineral pools, botanical gardens, and various fitness and wellness spaces, designed to promote urban wellbeing.
How does Therme Group define wellbeing?
Therme Group views wellbeing as an integrated approach involving physical, mental, and social health, facilitated by immersive urban environments.
How many visitors do Therme locations attract?
Therme locations such as Therme Bucharest and Therme Erding welcome over 3.5 million visitors annually.
What is Sculptor Capital's investment philosophy?
Sculptor focuses on opportunistic investing, leveraging a rigorous diligence process to capture market opportunities while minimizing risks.
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