#United Kingdom #Therme Group #Sculptor Capital #Wellbeing Infrastructure #Greater Manchester

Partnership Between Therme Group and Sculptor Capital Management

Therme Group, recognized as a leading global entity in the development and management of wellbeing infrastructure, has recently secured a significant partnership with Sculptor Capital Management. This collaboration aims to promote growth within Therme’s flourishing portfolio, boasting an impressive investment of up to €245 million.

This funding's initial allocation is focused on supporting the expansion of Therme's two key wellbeing resorts in Europe. However, additional capital can be acquired, dependent on certain outlined conditions. This will facilitate the construction of Therme Manchester, which is set to become the United Kingdom's premier large-scale destination for wellbeing, alongside various other strategic growth projects across Europe.

Adrian Ion, the Chief Financial Officer of Therme Group, expressed enthusiasm over Sculptor's substantial financial commitment, noting it as a strong endorsement of Therme's operational excellence and the promising investment landscape of the upcoming Manchester project. Ion emphasized that Sculptor’s substantial experience in real estate operations paired with their shared vision for growth will mutually enhance opportunities.

Therme Manchester represents a pivotal advancement in Therme Group’s international outreach efforts. Positioned within Greater Manchester, the project encompasses an expansive 28-acre domain and is projected to require an investment of €500 million. It promises to integrate thermal and mineral bathing pools, sprawling botanical gardens, dynamic water experiences, wellness fitness areas, and a myriad of cultural programs aimed at enriching community wellbeing.

John Clingan, Managing Director and Co-Head of European Real Estate at Sculptor Capital Management, also highlighted their confidence in Therme's proven track record in operating premier wellbeing facilities. He noted their eagerness to facilitate Therme's growth within the European sector.

The recent partnership is not merely a financial arrangement; it marks a significant milestone in Therme Group's overarching mission. Therme aspires to weave sustainable and high-quality wellbeing experiences into the very fabric of urban development, enhancing accessibility for wider segments of the population.

To facilitate this venture, Therme Group received profound guidance from industry leaders, including Alantra, PwC, Slaughter and May, and Rödl Partner.

About Therme Group

Therme Group is renowned for innovatively reshaping the future of wellbeing through the establishment of social infrastructure designed to bolster individual physical, mental, and social health facets. Their philosophy integrates elements like nature, water, and technology, crafting immersive urban spaces that foster health, connection, and cultural engagement.

With flagship locations such as Therme Bucharest—the world’s first wellbeing infrastructure accredited with LEED Platinum—and Therme Erding, recognized as the largest wellbeing destination in the world, Therme welcomes more than 3.5 million visitors annually seeking transformative wellness experiences.

Typical offerings at Therme resorts include a multi-sensory array of amenities, like thermal and mineral pools, sauna facilities, lush green landscapes, swim-up bars, exhilarating water slides, and a rich tapestry of cultural programming. Passionately driven by a vision that wellbeing should be within everyone’s reach, Therme Group persists in rolling out forthcoming projects in strategic global cities, including Manchester, Frankfurt, Toronto, and Dubai, reformulating urban landscapes through health, nature, and interconnected human experiences.

About Sculptor Capital Management

Operating as a leading player in alternative asset management, Sculptor Capital Management brings over 30 years of experience in opportunistic investing. The firm prides itself on generating consistent outperformance through a well-balanced approach that prioritizes swift decision-making in market opportunities alongside thorough due diligence to minimize risks.

Sculptor, with its globally distributed team and a growing portfolio of approximately $34 billion in assets under management as of December 31, 2024, continues to be an influential force across multiple investment platforms, encompassing credit, real estate, and multi-strategy domains.

Regarding real estate, Sculptor has established itself as a pioneer in non-traditional investing, committing over $24 billion to diverse sectors since its inception in 2003. This partnership with Therme Group is poised to redefine how health, culture, and nature interplay in urban settings, paving the way for a healthier future for communities worldwide.