The Georgetown and Therme completed the formation of a joint venture.

The Georgetown, a developer and owner of commercial, retail, and mixed-use properties, and Therme, a global provider of creating large-scale wellbeing destinations that blend thermal bathing, wellness, and culture, completed the formation of a joint venture. Financial terms were not disclosed. "Wellbeing is now established as a defining element of urban development. Therme's visionary approach to embedding wellbeing into the urban fabric is not only forward-thinking but a necessary component for the future development of cities. This partnership not only advances Therme US's vision but also informs how we integrate wellbeing into our broader portfolio of projects focused on shaping more vibrant and resilient urban spaces," Adam Flatto, The Georgetown Company CEO.