Therme Group Acquires Europe’s Largest Thermal Bathing Complex, Secures €320M Financing

Therme Group, a global leader in wellbeing destinations, has announced its acquisition of Therme Erding, Europe’s largest thermal bathing complex, located near Munich, Germany. Spanning an impressive 145,000 sq ft, Therme Erding is a world-class destination featuring 40 pools, 35 steam baths and saunas, and 28 indoor and outdoor slides.

Originally founded in 1999 by architect and entrepreneur Josef Wund, Therme Erding has become a cornerstone of the European wellness industry. This acquisition strengthens Therme Group’s portfolio and expands its reach in the global wellness market.

Major Financing Secured for Landmark Acquisition

To fund the acquisition, Therme Group secured a €320 million (US$336 million, £264 million) financing package from Macquarie Capital’s Principal Finance team, arranged by Deutsche Bank. The funding is one of the largest single-asset financings in the wellness sector, demonstrating confidence in the facility’s value and future potential.

With the addition of Therme Erding, Therme Group’s portfolio is projected to welcome more than 3.5 million annual visitors, solidifying its position as a leader in the wellness and wellbeing industry.

Expanding a Legacy of Wellness

This acquisition reflects the strong relationship between the Wund family and Robert Hanea, CEO and founder of Therme Group. Jörg Wund, CEO of Therme Erding, emphasized the importance of the partnership:
“We’ve found a proven partner who shares the innovative wellbeing legacy I built alongside my father. This acquisition honours that legacy while ensuring a prosperous future for Therme Erding, its employees, and the community it serves.”

A Vision for Global Wellbeing

Therme Group is actively redefining urban wellness with projects in Germany, the US, Canada, Scotland, and South Korea. Speaking on the acquisition, Robert Hanea highlighted Therme Group’s mission:
“As we expand globally, we’re not just growing our portfolio – we’re reimagining how cities integrate spaces that prioritise health, connection, and inclusion. By moving beyond the exclusivity of traditional wellness, we aim to make wellbeing accessible for all and create meaningful societal benefits.”

Industry Support and Confidence

Alexi Antolovich, global co-head of real estate at Macquarie, praised the acquisition, stating:
“Therme Erding is an exceptionally high-quality asset, and we’re delighted to partner with Therme Group to support its growth. As a best-in-class operator and developer, Therme Group is leading the way in creating specialised wellbeing destinations, and we’re excited to back their vision.”

A Transformative Move for Wellness

The acquisition of Therme Erding represents a transformative step for Therme Group as it continues to expand its global footprint. By combining innovative facilities with an inclusive vision, Therme Group is redefining the wellness sector and solidifying its position as a pioneer in urban wellbeing.

With this milestone, Therme Group is poised to influence the future of wellness destinations, offering spaces that promote health, connection, and sustainability while attracting millions of visitors annually.