17.11.2020

Cureus starts construction of five senior residences

• Construction has started on c. 600 new nursing care, assisted living and outpatient care places in Dessau, Greifswald, Magdeburg, Seevetal and Wilhelmshaven since the beginning of Q4 2020
• All new care homes are being constructed according to the Cureus system care home standard
• Care homes will be operated by the SCHÖNES LEBEN Group
• Sale of the properties to professional investors after completion 

Hamburg, 17 November 2020. Cureus GmbH specialises in the development of system care homes and has started construction of five senior residences since the beginning of Q4 2020. A total of around 600 new inpatient care and assisted living places are being created. The new residence in Seevetal will also include an outpatient care facility and a day nursery. All five residences will be operated by the SCHÖNES LEBEN Group after completion and sold to professional investors.

“There is a shortage of care places in Germany and the situation will become even more acute over the next few years. With our system care home approach, we have created a scalable standard that is optimally geared to the needs of operators, investors and residents and enables us to achieve a high number of completions of urgently needed care capacities regardless of location”, says Christian Möhrke, COO of Cureus GmbH.

The first development scheduled for completion and hand-over in spring 2022 is the second construction phase of a senior residence in Wilhelmshaven. This comprises five wheelchair-accessible units and ten outpatient apartments (Marktstraße 213, 26382 Wilhelmshaven, approx. 2,500 square metres). Then, the first of two construction phases of the senior residence in Greifswald with 110 inpatient care places will be handed over at the beginning of 2022 (Am Elisenpark 32, 17491 Greifswald, approx. 5,670 square metres). This will be followed by 42 assisted living units in two further buildings by autumn 2022. After that, a residence with 149 inpatient care places in Magdeburg (Bruno-Taut-Ring, 39130 Magdeburg, approx. 7,800 square metres) will be handed over in mid-2022. The residence in Dessau with 141 inpatient care places and four barrier-free assisted living units will be handed over to the operator in late summer 2022 (Wolfgangstr. 24, 06844 Dessau-Roßlau, approx. 7,500 square metres). In Seevetal near Hamburg, construction of a three-building complex has begun. Here, 117 inpatient care places, 39 residential units, an outpatient centre as well as a day nursery are being created. The first of the three buildings will be completed in autumn 2021 (Winsener Landstraße 12/12a/14/14a, 21217 Seevetal-Fleestedt, approx. 9,850 square metres).

“We are currently developing a total of 27 care homes with around 2,050 care places and around 360 assisted living units”, says Gerald Klinck, CFO of Cureus GmbH, adding, “We have already secured a further 46 developments with a total of around 5,500 units, so our current project pipeline has a volume of around EUR 1.35 billion and is constantly being expanded”. The company has developed and built 38 properties (3,300 units) with a project volume of around EUR 500 million in this growth market since 2015 alone.

The optimally scalable standard for system care homes

All Cureus care homes are designed and built in accordance with the Cureus standard for system care homes. This standard is based on exacting and uniform quality standards and is oriented to the needs of all stakeholders, including care home operators and residents. Care homes built to the Cureus standard are optimised in all respects and include, for example, optimised floor plans and conveniently arranged rooms 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 that provide attractive views of the surrounding area, and the modern bathrooms and window fronts follow the same standardised system approach. Each complex’s architecture and facade 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 KfW 40 energy-efficiency standard, while the bulk procurement of floor coverings and elevator systems, for example, ensures cost synergies and long-term maintenance contracts covering 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.