For realignment, the properties were separated from the operating companies. The real estate was transferred to corresponding real estate KGs. To secure long-term value, the leases were legally adjusted to market conditions. Along with this the M & A process of the four operating companies were initiated in order to provide a sustainable business approach. This was successfully implemented within one year. We are pleased that the DOREA Group – a recognized nursing home operator – has taken over the first four facilities in Baden-W\u00fcrttemberg.[\/vc_column_text][mk_image src=”https:\/\/wawakuk.de\/wp-content\/uploads\/2019\/05\/haus-hohenstein-bunt.jpg” image_size=”full”][mk_padding_divider size=”20″][vc_column_text css=”.vc_custom_1558083568175{margin-bottom: 0px !important;}”]Due to the high requirements of the LHeimBauVO (legal requirements) in Baden-W\u00fcrttemberg, extensive new constructions and refurbishments are necessary in three properties.<\/p>\n
In two properties, the activities include a new building plus refurbishment in the existing operation and a complete new development of the third property. All project developments have already been successfully initialized and are expected to be acomplished in mid 2021.<\/p>\n