Hemsö Invests €22M in Essen Care Facility
Hemsö Fastighets AB expands its footprint in Germany with a new care facility in Essen, partnering with DRK-Kreisverband Essen e.V.
Sammanfattning
Hemsö Fastighets AB is developing a new 6,000 sqm care facility in Essen, Germany, with a 20-year lease to DRK-Kreisverband Essen e.V. The investment amounts to €22 million.
Hemsö Fastighets AB, a leading player in the social infrastructure sector, is making significant strides in the German market with its latest project in Essen, North Rhine-Westphalia. The company has announced plans to develop a state-of-the-art elderly and short-term care facility, spanning 6,000 square meters and offering 116 places. This project is part of Hemsö's broader strategy to address the growing demand for social infrastructure in Germany.
The facility will be leased to DRK-Kreisverband Essen e.V., a prominent organization under the German Red Cross, known for its longstanding commitment to social services in the region. This partnership is secured with a 20-year lease agreement, underscoring the stability and reliability Hemsö is known for in its operations. The investment for this project is estimated at €22 million, reflecting Hemsö's commitment to sustainable and impactful development.
Jens Nagel, Hemsö's Head of Germany, expressed optimism about the project, highlighting the importance of expanding their collaboration with the German Red Cross. 'The need for new social infrastructure is significant in Germany, and we are pleased to contribute with much-needed new elderly care places,' Nagel stated. The construction is set to commence in October 2024, with completion expected in early 2026. The facility will also aim for DGNB Silver environmental certification, aligning with Hemsö's sustainability goals.
Hemsö's strategic focus on long-term leases with stable tenants, such as DRK-Kreisverband Essen e.V., positions the company favorably in the real estate market. With a robust portfolio valued at 85.6 billion SEK and a strong credit rating from both Standard & Poor’s and Fitch Ratings, Hemsö continues to demonstrate financial resilience and growth potential.
For investors, Hemsö's expansion into Germany represents a sound opportunity. The partnership with a reputable organization like the German Red Cross and the focus on sustainable development are positive indicators of future success. Given the current market conditions and Hemsö's strategic positioning, the recommendation is to hold the stock, allowing investors to benefit from potential growth as the project progresses.
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Sammanfattning
Hemsö planerar att bygga ett nytt äldreboende och korttidsboende i Essen, Nordrhein-Westfalen, med en uthyrningsbar yta på 6 000 kvadratmeter och 116 platser. Ett 20-årigt hyresavtal har tecknats med DRK-Kreisverband Essen e.V., del av tyska Röda Korset. Projektet, som kostar 22 miljoner euro, förväntas starta i oktober 2024 och slutföras i början av 2026. Byggnaden kommer att miljöcertifieras enligt DGNB Silver. Hemsö, en ledande svensk ägare av samhällsfastigheter, expanderar i Tyskland för att möta behovet av social infrastruktur. Företaget har kreditbetyg A- från Standard & Poor's och AA- från Fitch Ratings.
