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08.07.2024 07:00:41 - dpa-AFX: EQS-News: Cureus grows and expands its value chain (english)
Cureus grows and expands its value chain
EQS-News: Cureus GmbH / Key word(s): Real Estate/Half Year Report
Cureus grows and expands its value chain
08.07.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press release
Cureus grows and expands its value chain
* Q2/24: Construction of 248 care and assisted living units started
* Q2/24: 272 units for care and assisted living completed
* Various operators on board as long-term tenants
* Value chain expanded - stake in PECURIA
* Targeted property acquisition for new projects continues
* Sustainability report 2023 published
Hamburg, 8 July 2024. Cureus, an integrated property company that
specialises in developing and actively managing its own care home portfolio,
continues to develop successfully over the course of 2024. In addition to
expanding the value chain to include the individual sale of care appartments
via a stake in sales specialist PECURIA - Green Care Invest, the portfolio
is also continuing to grow thanks to further completions and construction
starts. In the second quarter of 2024, a total of 272 units for care and
serviced living were completed. Between April and June 2024, construction
began on 248 units for inpatient care and assisted living. All locations are
managed together with different operator partners. Looking at the first half
of 2024 as a whole, Cureus even completed 721 units for assisted living and
nursing care; several sites with a total of 608 units were started.
"We will continue to pursue our growth course in project development, new
construction and the further development of our value chain," says Christian
Möhrke, CEO of Cureus, already looking ahead to the second half of 2024. He
adds: "Our project figures continue to demonstrate stability and strength in
a market that has otherwise almost come to a standstill. We also have
solutions for the challenges of these times and are breaking new ground in
the individual sale of selected care locations from our portfolio with the
PECURIA investment, for example. This year, our fourth sustainability report
for the 2023 financial year once again proves that we always focus on our
basic principles, and we naturally want to continue to do so in the future."
Cureus acquires stake in PECURIA - Green Care Invest
In June 2024, Cureus acquired a stake in PECURIA, a specialist in the
individual sale of sustainable care appartments. While the two companies
initially had a pipeline agreement for the sale of Cureus locations for
sales to private investors, Cureus now holds 25 per cent of the shares in
PECURIA. The remaining shares in PECURIA are still held by companies from
the management team, and the composition of the PECURIA management team
remains unchanged.
PECURIA primarily markets Cureus properties, which are characterised by
well-chosen locations, high structural quality, a very high level of energy
efficiency, stable operating partners and the typical Cureus system approach
in planning, construction and operation. PECURIA complements these
advantages with product features that are unique on the market, such as
security against loss of rent for purchasers of care appartments and a
priority right of occupancy in over 150 partner residences throughout
Germany for purchasers or their family environment. Further information on
PECURIA - Green Care Invest...
Property acquisition and property sales are continued
Cureus continues to selectively sell sites from its portfolio to various
market participants if opportunities arise in order to free up additional
liquidity for the realisation of further projects.
In addition, the company continues to be active in acquiring land for new
projects. The focus here is particularly on North Rhine-Westphalia; Hesse,
Lower Saxony and Schleswig-Holstein also remain interesting. The company is
primarily looking for centrally located plots of land in residential or
mixed-use areas of 3,000 square metres or more that are well developed in
terms of infrastructure. To the acquisition profile...
Sustainability Report 2023 published
For the fourth time in a row, Cureus has analysed its business operations
with regard to ESG aspects and prepared a comprehensive sustainability
report. Once again, important events, measures and key figures from the
property portfolio, construction sites and office operations were identified
and highlighted. The content of the report is again based on the criteria of
the Global Reporting Initiative (GRI) and the European Public Real Estate
Association (EPRA). The report can be downloaded here...
Portfolio structure at the end of Q2/2024
Property portfolio
The portfolio now comprises 67 leased properties with 6,745 care places, 747
assisted living units and 24 other units.
Approx. 6,220 units at 39 locations under construction and in the pipeline
Cureus currently has 1,706 care places, 172 assisted living units and 74
other units under construction in 15 locations.
Cureus currently has approx. 2,890 care places, 1,370 assisted living units
and 5 other units in 24 locations in planning. All projects in planning have
already been notarised.
About the locations started and completed in the second quarter of 2024
Cureus continued to successfully complete further projects in various
regions of Germany in the second quarter of 2024. For example, 190 places
for inpatient care, 55 places in a house community and 27 day care places at
two locations. The construction of 188 inpatient care places, 21 day care
places and 39 assisted living units at two locations began in the second
quarter of 2024.
Firstly, construction started in Wiesbaden-Dotzheim (Hesse) in May 2024. A
modern building with 95 single rooms for full inpatient care and short-term
care as well as 20 assisted living units will be built here by the end of
2025. It will also include a residents' restaurant, a fireside lounge with a
library, a hairdressing salon, a care bathroom and therapy rooms. The
building is being constructed in a sustainable Efficiency House 40 design
for compassio Lebensräume & Pflege as the operator. Details of the
project...
Completion and handover of the compassio Seniorenresidenz Duhner Spitze in
Cuxhaven (Lower Saxony) was announced at the end of May 2024. This was
created in a building complex that also comprises 68 residential units in
four other buildings for sale as condominiums. Anyone interested in buying
one of the condominiums can contact Mayer & Dau Immobilien GmbH, Mrs
Franciska Heinze, Tel.: 04721 67 800 20, e-mail duhnen@mayer-dau.de, for
information or visit https://mayer-dau.de/zuhause-in-duhnen. The senior
residence on the site was built to the energy-efficient KfW 40 standard with
110 single rooms for full inpatient care and short-term care, a residents'
restaurant with a sea view, a fireside lounge with a library, care bathrooms
and a therapy room. The opening took place at the beginning of June 2024.
Details of the project...
The Belia Seniorenresidenz Herne in Herne-Mitte (North Rhine-Westphalia) was
also completed and handed over at the end of May 2024. This is the second
location in Herne that Cureus 2024 has already completed for Belia. The new
residence has 80 care places for full, short-term and respite care, 55
places in a house community and day care with 27 places. The services
offered to residents at this location include a public restaurant, a
hairdresser with chiropody, therapy rooms, an in-house laundry and a lounge
with a library. The building was completed using sustainable KfW 40
construction methods and will open in summer 2024. Around 100 jobs will be
created here. Details of the project...
In June 2024, Cureus started construction of the "Marien Residenz" for emida
Pflegeresidenzen at a site in Minden (North Rhine-Westphalia). This will
provide 93 care places for full, short-term and respite care, 19 assisted
living units and a day care centre with 21 places as well as a kindergarten
with 20 places. After completion in spring 2026, the property will also
house a restaurant, a hairdresser, a fireside lounge and a care bathroom.
The building will be constructed to the latest standards and KfW 40EE
specifications. Details of the project...
Celebrations continued in the second quarter of 2024: in April, the
foundation stone was laid in Uetersen (Schleswig-Holstein) for an Insanto
location with 117 care places. This was followed in June by the opening of a
sample room at the emida "Erlen-Residenz" in Meerbeck (Lower Saxony) with
the prospect of 118 care places, as well as topping-out ceremonies in
Lippstadt (North Rhine-Westphalia) for Curavie with 88 care places in future
and Wolfenbüttel (Lower Saxony) for Lavendio with 131 care places, 20 places
in a day care centre and 46 assisted living flats.
Planning and construction in accordance with the Cureus system approach
All Cureus new-build properties are designed and built in accordance with
the Cureus standard for system care homes. This specifies uniform, high
quality standards and is oriented, among other things, towards the
requirements of care home operators, residents and caregivers. This
systematic approach enables Cureus to optimise both structural processes and
the properties themselves from the inside to the outside. This relates, for
example, to the dimensions and arrangement of every room in order to
maximise to space and walkways. Cureus care homes are also designed and
equipped for maximum utility. Interior corridors benefit from as much
daylight as possible, every room has floor-to-ceiling windows and attractive
views of the surrounding area, while the modern bathrooms and window fronts
always follow the same standardised system approach. The architecture and
facade of each residence incorporate individual touches and are constructed
to the highest quality standards, integrating seamlessly into their
surroundings. The Cureus system approach also prioritises sustainability,
both in terms of a care home's long-term economic viability and its impact
on the environment. All Cureus care homes are, for example, constructed in
accordance with the 'Effizienhaus 40 Standard' of the KfW and target the
DGNB silver certificate. Bulk procurement of floor coverings and elevator
systems, for example, achieves significant cost synergies. Long-term
maintenance contracts that cover several properties also reduce costs for
care home operators. The constant review and optimisation of the Cureus
system care home standard guarantees the construction of care homes that
truly meet demand.
Images & Downloads
https://cureus.de/application/files/2017/1940/3022/Cureus_NHB23_DE_gesic-
Media contact
About Cureus GmbH
Cureus GmbH has its operational headquarters in Hamburg and, with more than
15 years of experience and a team of around 135 employees, is an experienced
integrated property company with special expertise in care homes in Germany
that develops and manages its own property portfolio actively, while
repeatedly selectively putting individual properties up for sale.
With its "system care home" standard, Cureus has developed a unique standard
for care homes for inpatient care and assisted living, which can be
implemented as a scalable solution independent of location. Based on the
current legal requirements as well as the needs of operators, residents, and
communities, Cureus is establishing new, consistent quality standards with
its system care homes. The company is thereby offering a highly efficient
product, which combines higher cost-efficiency at lower cost structures with
improved living and service quality in the care sector.
With an average age of around four years, the company's property portfolio
is still relatively new and, as of 30 June 2024, consists of 67 properties
on long-term leases to care home operators with 6,745 care places and 747
assisted living units. In addition, the company has 15 locations currently
under construction and notarised projects at 24 locations, which will add a
further 4,600 care places and around 1,540 assisted living units to the
portfolio. www.cureus.de/en
---------------------------------------------------------------------------
08.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
1940649 08.07.2024 CET/CEST
EQS-News: Cureus GmbH / Key word(s): Real Estate/Half Year Report
Cureus grows and expands its value chain
08.07.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press release
Cureus grows and expands its value chain
* Q2/24: Construction of 248 care and assisted living units started
* Q2/24: 272 units for care and assisted living completed
* Various operators on board as long-term tenants
* Value chain expanded - stake in PECURIA
* Targeted property acquisition for new projects continues
* Sustainability report 2023 published
Hamburg, 8 July 2024. Cureus, an integrated property company that
specialises in developing and actively managing its own care home portfolio,
continues to develop successfully over the course of 2024. In addition to
expanding the value chain to include the individual sale of care appartments
via a stake in sales specialist PECURIA - Green Care Invest, the portfolio
is also continuing to grow thanks to further completions and construction
starts. In the second quarter of 2024, a total of 272 units for care and
serviced living were completed. Between April and June 2024, construction
began on 248 units for inpatient care and assisted living. All locations are
managed together with different operator partners. Looking at the first half
of 2024 as a whole, Cureus even completed 721 units for assisted living and
nursing care; several sites with a total of 608 units were started.
"We will continue to pursue our growth course in project development, new
construction and the further development of our value chain," says Christian
Möhrke, CEO of Cureus, already looking ahead to the second half of 2024. He
adds: "Our project figures continue to demonstrate stability and strength in
a market that has otherwise almost come to a standstill. We also have
solutions for the challenges of these times and are breaking new ground in
the individual sale of selected care locations from our portfolio with the
PECURIA investment, for example. This year, our fourth sustainability report
for the 2023 financial year once again proves that we always focus on our
basic principles, and we naturally want to continue to do so in the future."
Cureus acquires stake in PECURIA - Green Care Invest
In June 2024, Cureus acquired a stake in PECURIA, a specialist in the
individual sale of sustainable care appartments. While the two companies
initially had a pipeline agreement for the sale of Cureus locations for
sales to private investors, Cureus now holds 25 per cent of the shares in
PECURIA. The remaining shares in PECURIA are still held by companies from
the management team, and the composition of the PECURIA management team
remains unchanged.
PECURIA primarily markets Cureus properties, which are characterised by
well-chosen locations, high structural quality, a very high level of energy
efficiency, stable operating partners and the typical Cureus system approach
in planning, construction and operation. PECURIA complements these
advantages with product features that are unique on the market, such as
security against loss of rent for purchasers of care appartments and a
priority right of occupancy in over 150 partner residences throughout
Germany for purchasers or their family environment. Further information on
PECURIA - Green Care Invest...
Property acquisition and property sales are continued
Cureus continues to selectively sell sites from its portfolio to various
market participants if opportunities arise in order to free up additional
liquidity for the realisation of further projects.
In addition, the company continues to be active in acquiring land for new
projects. The focus here is particularly on North Rhine-Westphalia; Hesse,
Lower Saxony and Schleswig-Holstein also remain interesting. The company is
primarily looking for centrally located plots of land in residential or
mixed-use areas of 3,000 square metres or more that are well developed in
terms of infrastructure. To the acquisition profile...
Sustainability Report 2023 published
For the fourth time in a row, Cureus has analysed its business operations
with regard to ESG aspects and prepared a comprehensive sustainability
report. Once again, important events, measures and key figures from the
property portfolio, construction sites and office operations were identified
and highlighted. The content of the report is again based on the criteria of
the Global Reporting Initiative (GRI) and the European Public Real Estate
Association (EPRA). The report can be downloaded here...
Portfolio structure at the end of Q2/2024
Property portfolio
The portfolio now comprises 67 leased properties with 6,745 care places, 747
assisted living units and 24 other units.
Approx. 6,220 units at 39 locations under construction and in the pipeline
Cureus currently has 1,706 care places, 172 assisted living units and 74
other units under construction in 15 locations.
Cureus currently has approx. 2,890 care places, 1,370 assisted living units
and 5 other units in 24 locations in planning. All projects in planning have
already been notarised.
About the locations started and completed in the second quarter of 2024
Cureus continued to successfully complete further projects in various
regions of Germany in the second quarter of 2024. For example, 190 places
for inpatient care, 55 places in a house community and 27 day care places at
two locations. The construction of 188 inpatient care places, 21 day care
places and 39 assisted living units at two locations began in the second
quarter of 2024.
Firstly, construction started in Wiesbaden-Dotzheim (Hesse) in May 2024. A
modern building with 95 single rooms for full inpatient care and short-term
care as well as 20 assisted living units will be built here by the end of
2025. It will also include a residents' restaurant, a fireside lounge with a
library, a hairdressing salon, a care bathroom and therapy rooms. The
building is being constructed in a sustainable Efficiency House 40 design
for compassio Lebensräume & Pflege as the operator. Details of the
project...
Completion and handover of the compassio Seniorenresidenz Duhner Spitze in
Cuxhaven (Lower Saxony) was announced at the end of May 2024. This was
created in a building complex that also comprises 68 residential units in
four other buildings for sale as condominiums. Anyone interested in buying
one of the condominiums can contact Mayer & Dau Immobilien GmbH, Mrs
Franciska Heinze, Tel.: 04721 67 800 20, e-mail duhnen@mayer-dau.de, for
information or visit https://mayer-dau.de/zuhause-in-duhnen. The senior
residence on the site was built to the energy-efficient KfW 40 standard with
110 single rooms for full inpatient care and short-term care, a residents'
restaurant with a sea view, a fireside lounge with a library, care bathrooms
and a therapy room. The opening took place at the beginning of June 2024.
Details of the project...
The Belia Seniorenresidenz Herne in Herne-Mitte (North Rhine-Westphalia) was
also completed and handed over at the end of May 2024. This is the second
location in Herne that Cureus 2024 has already completed for Belia. The new
residence has 80 care places for full, short-term and respite care, 55
places in a house community and day care with 27 places. The services
offered to residents at this location include a public restaurant, a
hairdresser with chiropody, therapy rooms, an in-house laundry and a lounge
with a library. The building was completed using sustainable KfW 40
construction methods and will open in summer 2024. Around 100 jobs will be
created here. Details of the project...
In June 2024, Cureus started construction of the "Marien Residenz" for emida
Pflegeresidenzen at a site in Minden (North Rhine-Westphalia). This will
provide 93 care places for full, short-term and respite care, 19 assisted
living units and a day care centre with 21 places as well as a kindergarten
with 20 places. After completion in spring 2026, the property will also
house a restaurant, a hairdresser, a fireside lounge and a care bathroom.
The building will be constructed to the latest standards and KfW 40EE
specifications. Details of the project...
Celebrations continued in the second quarter of 2024: in April, the
foundation stone was laid in Uetersen (Schleswig-Holstein) for an Insanto
location with 117 care places. This was followed in June by the opening of a
sample room at the emida "Erlen-Residenz" in Meerbeck (Lower Saxony) with
the prospect of 118 care places, as well as topping-out ceremonies in
Lippstadt (North Rhine-Westphalia) for Curavie with 88 care places in future
and Wolfenbüttel (Lower Saxony) for Lavendio with 131 care places, 20 places
in a day care centre and 46 assisted living flats.
Planning and construction in accordance with the Cureus system approach
All Cureus new-build properties are designed and built in accordance with
the Cureus standard for system care homes. This specifies uniform, high
quality standards and is oriented, among other things, towards the
requirements of care home operators, residents and caregivers. This
systematic approach enables Cureus to optimise both structural processes and
the properties themselves from the inside to the outside. This relates, for
example, to the dimensions and arrangement of every room in order to
maximise to space and walkways. Cureus care homes are also designed and
equipped for maximum utility. Interior corridors benefit from as much
daylight as possible, every room has floor-to-ceiling windows and attractive
views of the surrounding area, while the modern bathrooms and window fronts
always follow the same standardised system approach. The architecture and
facade of each residence incorporate individual touches and are constructed
to the highest quality standards, integrating seamlessly into their
surroundings. The Cureus system approach also prioritises sustainability,
both in terms of a care home's long-term economic viability and its impact
on the environment. All Cureus care homes are, for example, constructed in
accordance with the 'Effizienhaus 40 Standard' of the KfW and target the
DGNB silver certificate. Bulk procurement of floor coverings and elevator
systems, for example, achieves significant cost synergies. Long-term
maintenance contracts that cover several properties also reduce costs for
care home operators. The constant review and optimisation of the Cureus
system care home standard guarantees the construction of care homes that
truly meet demand.
Images & Downloads
Photo Christian Möhrke (CEO), Cureus (1).Download here. Copyright:
Heribert Schindler 1. https://cureus.de/download_file/123/296
Visualisation compassio senior residence in Dotzheim, Hesse, a project
ofCureus (1).Download here. Copyright: Plan & Bauwerk (Winsen/Aller),
Jan von Hörsten/Virtuelle Fabrik Bremen 1.
https://cureus.de/download_file/1241/0
Visualisation compassio Seniorenresidenz Duhner Spitze, senior residence
building, Lower Saxony, a Cureus project (1).Download here. Copyright:
Plan & Bauwerk (Winsen/Aller), Jan von Hörsten 1.
https://cureus.de/download_file/1034/0
Visualisiation Marien Residenz Minden, view main entrance, North
Rhine-Westphalia, a Cureus project (1).Download here. Copyright: Plan &
Bauwerk (Winsen/Aller), Jan von Hörsten 1.
https://cureus.de/download_file/959/0
Visualisation Belia Seniorenresidenz Herne, North Rhine-Westphalia, a
project of Cureus (1).Download here. Copyright: Arne von Hörsten 1.
https://cureus.de/download_file/810/1031
Responsibility & Transparency - Sustainability Report 2023 (only in
German), Cureus (1).Download here. 1.
https://cureus.de/application/files/2017/1940/3022/Cureus_NHB23_DE_gesic-
hert.pdf
Whitepaper "Optimised, unique, scalable - care home properties following
a system" (only available in German) (1).Download here. 1.
https://cureus.de/download_file/121/0
Media contact
Christoph Wilhelm T +49 171 56 86 575
Corporate Communication E (1)cw@cureus.de
W (2)www.cureus.de
Cureus GmbH
1. mailto:cw@cureus.de
2. http://www.cureus.de
About Cureus GmbH
Cureus GmbH has its operational headquarters in Hamburg and, with more than
15 years of experience and a team of around 135 employees, is an experienced
integrated property company with special expertise in care homes in Germany
that develops and manages its own property portfolio actively, while
repeatedly selectively putting individual properties up for sale.
With its "system care home" standard, Cureus has developed a unique standard
for care homes for inpatient care and assisted living, which can be
implemented as a scalable solution independent of location. Based on the
current legal requirements as well as the needs of operators, residents, and
communities, Cureus is establishing new, consistent quality standards with
its system care homes. The company is thereby offering a highly efficient
product, which combines higher cost-efficiency at lower cost structures with
improved living and service quality in the care sector.
With an average age of around four years, the company's property portfolio
is still relatively new and, as of 30 June 2024, consists of 67 properties
on long-term leases to care home operators with 6,745 care places and 747
assisted living units. In addition, the company has 15 locations currently
under construction and notarised projects at 24 locations, which will add a
further 4,600 care places and around 1,540 assisted living units to the
portfolio. www.cureus.de/en
---------------------------------------------------------------------------
08.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
1940649 08.07.2024 CET/CEST
