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 fully 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 of Therme Group
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