Cureus GmbH, corporate

Cureus GmbH,

12.01.2023 - 09:57:33

EQS-News: Cureus looks back on a successful Q4/2022 and remains fit for 2023

Portfolio structure at the end of 2022

Property portfolio

The portfolio now comprises 53 leased properties with 5,223 care places, 381 assisted living units and 14 other units.

90 projects under construction and in the pipeline

Cureus currently has 2,426 care places, 509 assisted living units and 82 other units under construction in 31 projects.

Cureus currently has approx. 4,850 care places, 1,330 assisted living units and 30 other units in 59 projects in planning. All projects in planning have already been notarised.

Cureus projects can comprise different construction phases at one location which are later combined as one leased property.

Projects started and completed in Q4 2022

Cureus continued to successfully expand its property portfolio in various regions of Germany in Q4 2022. The company reports seven completions at six different locations, comprising 465 care and 104 assisted living units.

In Lengerich (North Rhine-Westphalia) a two-part residence with 80 inpatient care places, 39 assisted living units, a 10-unit out-of-hospital intensive care group and a day care facility with 18 places was completed in accordance with the KfW 40 energy efficiency standard for the SCH?NES LEBEN Group in early November 2022.

In November 2022, Cureus also handed over the Lavendio Seniorenresidenz Melle (Lower Saxony). The residence is equipped with 126 care places, plus an in-house restaurant, laundry, hair and chiropody salon. The new residence also complies with the KfW 40 standard. Details about the project?

In Dessau (Saxony-Anhalt), December 2022 saw the completion of a senior residence with 141 care places and 4 assisted living units to the KfW 40 standard for the SCH?NES LEBEN Group.

In Delbr?ck (North Rhine-Westphalia), a Curavie senior residence with 80 inpatient care places and nine assisted living units was completed and handed over to the operator in December 2022. The property was also constructed in accordance with KfW?40 specifications.

With 14 assisted living units and an outpatient day-care facility with 20 places, the second of three construction phases was also completed in Greifswald (Mecklenburg-Western Pomerania) in December 2022. The site?s main building, a senior residence with 110 care places for permanent, short-term and respite care, had already been completed and put into operation by the SCH?NES LEBEN Group in Q2 2022. A third and final construction phase will follow, encompassing 20 wheelchair-accessible units in a building with a common room and terrace. All three buildings are being designed and built to the KfW 40 standard.

The second construction phase of the MEDIKO Seniorenresidenz in Wilhelmshaven (Lower Saxony) was also completed by the end of December 2022. The new residence has 27 assisted living units and ten units for out-of-hospital intensive care. A modern senior residence with 137 single rooms for full inpatient care had already been completed at the same location in the first construction phase. Details about the project.

Cureus also laid a number of foundation stones and held topping-out ceremonies in the final quarter of 2022. In October, two foundation stones were laid in Herne (North Rhine-Westphalia) for a total of 246 care and residential units and a topping-out ceremony was held in Gnarrenburg (Lower Saxony) for a facility with 112 inpatient care places. These were followed in November by topping-out ceremonies in Solingen and Alfter (North Rhine-Westphalia), which will create a total of 263 care places.

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, while the 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 Oliver Sturhahn (CFO), Christian M?hrke (COO) and Gerald Klinck (CEO), Cureus?Download here?Copyright: Christian Bierwagen ? Visualisation Senior residence Dessau, Saxony-Anhalt, a project of Cureus?Download here?Copyright: Plan & Bauwerk (Winsen/Aller), Jan von H?rsten ? Visualisation Lavendio senior residence Melle, Lower Saxony, a project of Cureus?Download here?Copyright: Arne von H?rsten ? Whitepaper ?Optimised, unique, scalable ? care home properties following a system? (only available in German)?Download here?

?Media contact

Christoph Wilhelm Corporate Communications Cureus GmbH T +49 171 56 86 575 E W

About Cureus GmbH

Cureus GmbH has its operational headquarters in Hamburg and, with more than 15 years of experience and a team of around 165 employees, is an experienced integrated property company with special expertise in care homes in Germany that develops and manages its own property portfolio actively.

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 four years, the company?s property portfolio is still relatively new and, as of 31 December 2022, consists of 53 properties on long-term leases to care home operators with 5,223 care places and 381 assisted living units worth around EUR 1.0 billion. In addition, the company has 31 projects currently under construction and 59 notarised projects, which will add a further 7,280 care places and around 1,840 assisted living units to the portfolio by 2026. These projects have an expected value after completion of around EUR 1.7 billion.

Copyright? 2022 Sustainalytics. All rights reserved. This release contains information developed by Sustainalytics. Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available here.

12.01.2023 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