Global wellbeing organisation Therme Group has acquired Therme Erding – a vast 145,000sq ft wellbeing destination located near Munich in Germany. Recognised as one of Europe’s largest thermal wellbeing complexes, Therme Erding features a 40-pool bathing oasis, 35 steam baths and saunas and 28 indoor and outdoor slides. Founded by architect and entrepreneur Josef Wund in 1999, the facility has become a cornerstone of the European wellness industry. The acquisition builds on a long-standing relationship between the Wund family and Robert Hanea, CEO and founder of Therme Group.
To finance the deal, Therme Group secured a €320 million (US$336 million, £264 million) funding package from Macquarie Capital's Principal Finance team. Arranged by Deutsche Bank, this funding is claimed to represent one of the largest single-asset financings in the industry. With the addition of Therme Erding, Therme Group's portfolio of wellbeing destinations is set to exceed 3.5 million annual visitors. Therme Group also has active projects in Germany, the US, Canada, Scotland and South Korea.
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