THERME GROUP PARTNERS WITH SCULPTOR CAPITAL MANAGEMENT TO EXPAND ITS WELLBEING INFRASTRUCTURE PORTFOLIO

LONDON, Feb. 26, 2025 /PRNewswire/ -- Therme Group, a global leader in wellbeing infrastructure development and operations, has reached an agreement with Sculptor Real Estate for up to €245 million in growth investment. An initial tranche of funding has been deployed to support the group's two flagship wellbeing resorts in Europe. Additional capital may be deployed, subject to the satisfaction of certain conditions, to  fund the development of Therme Manchester—the UK's first large-scale wellbeing destination—and other expansion opportunities.

Sculptor's investment is a key milestone in Therme Group's mission to integrate sustainable, high-quality wellbeing experiences into urban development and make them more widely accessible.

Adrian Ion, Chief Financial Officer, Therme Group, commented:
"Sculptor's significant capital allocation to our platform is a testament to our strong track record as an operator and developer of Therme wellbeing infrastructure in continental Europe and the compelling investment opportunity of Therme Manchester. In Sculptor, we have a capital partner with a wealth of experience in operating real estate and an appetite for growth."

Therme Manchester is a significant step in Therme Group's international expansion. The €500 million, 28-acre project in Greater Manchester will feature thermal and mineral pools, botanical gardens, water experiences, fitness and wellness spaces, and cultural programming—designed to bring large-scale urban wellbeing to the community.

John Clingan, Managing Director and Co-Head of European Real Estate at Sculptor Capital Management, added:
"We recognize Therme's proven ability to operate and deliver market-leading wellbeing infrastructure and are enthusiastic to support the continued expansion of Therme's flagship destinations across Europe."

Therme Group were advised on this transaction by Alantra, PwC, Slaughter and May and Rödl & Partner.

About Therme Group

Therme Group is a global developer, owner, and operator pioneering the future of wellbeing through a new type of social infrastructure designed to enhance physical, mental, and social health. By integrating nature, water, and technology, Therme creates immersive, inclusive urban spaces that foster health, social connection, and cultural engagement.

Therme Group's locations in Europe — Therme Bucharest, the world's first LEED Platinum-certified wellbeing infrastructure, and Therme Erding, the world's largest wellbeing destination —welcome over 3.5 million visitors annually.

Therme wellbeing resorts offer a diverse, multi-sensory experience, from thermal and mineral pools, saunas, and lush botanical spaces to swim-up bars, exhilarating waterslides, and cultural programming. Guided by the belief that wellbeing should be accessible to all, Therme Group is expanding its transformative approach to urban wellbeing with upcoming projects including  Manchester, Frankfurt, Toronto and Dubai, — redefining how cities incorporate health, nature, and human connection into everyday life.

About Sculptor

Sculptor is a leading global alternative asset manager and a specialist in opportunistic investing. For over 30 years, we have pursued consistent outperformance by building an operating model and culture which balance the ability to act swiftly on market opportunity with rigorous diligence that minimizes risk. The success of our model is driven by a global team that is predominantly home-grown, long tenured and incentivized to put client outcomes first. With offices in New York, London, Hong Kong, and Shanghai, we invest across credit, real estate and multi-strategy platforms in all major geographies. As of December 31, 2024, Sculptor had approximately $34 billion in assets under management. For more information, please visit our website (www.sculptor.com).

About Sculptor Real Estate

Sculptor's real estate business was founded by Steve Orbuch in 2003 and is a global leader in non-traditional real estate investing. Sculptor has invested over $24 billion across 30 different real estate sectors with nearly 80% of investments made in non-traditional sectors.  For more information, please visit our website (www.sculptor.com).

SOURCE Therme Group