Most investors judge the strength of retail real estate by looking at tenant names, locations, or yields. These factors matter. But they don't always show whether a tenant's income is sustainable or whether a store is likely to remain profitable over time.
There is another indicator that can often provide deeper insight into the strength of a grocery property's income: how comfortably the tenan
Welcome to the latest Greenman OPEN Monthly Update, marking our entry into the second quarter of 2026. This edition highlights our operational developments across the portfolio for Q1 2026.
OPEN's Operational PerformanceQ1 2026 portfolio operations proceeded as scheduled across all investment zones, with day-to-day property management, tenant relations, and maintenance programmes continuing wit
European investors are increasingly redirecting capital towards essential real estate and infrastructure as part of a broader re-shaping of portfolios. Equity markets remain sensitive to monetary policy shifts, and global portfolios carry currency risk – particularly for investors holding US-dollar assets. Against this backdrop, tangible assets embedded in the European economy are attracting renew
A guide to the fund’s structure, strategy, and key terms for prospective investors
Greenman NEXT is an open-ended European Long-Term Investment Fund (ELTIF) that invests in supermarket and grocery-anchored real estate across Europe. It is managed by Greenman Investments, which acts as the Alternative Investment Fund Manager (AIFM). Day-to-day property and asset management is handled locally by
For over a decade, Greenman OPEN has been investing in one of Europe’s most dependable real estate sectors: grocery-anchored retail in Germany. The portfolio is anchored by some of Europe’s leading grocery retailers, whose stores serve thousands of customers weekly, providing a foundation of steady, reliable rental income to the Fund.
OPEN’s properties, valued at over €1.26 billion,
In a world of geopolitical tension, market volatility, and shifting monetary policy, investors are searching for stability. The Emerging Trends in Real Estate 2025 report by PwC and ULI noted that the priority is now investing in markets “where things feel safe or safest”.
In Europe, that focus is increasingly directed at one destination: Germany.
But what makes it a true “safe haven”?
This year, we celebrate 20 years of Greenman.
What started in 2005 as a small team with a big vision has grown into a European Group with over 200 people, managing more than €1.35 billion in assets—and still growing. But more than the milestones, it’s the journey we’re proud of. The people. The partnerships. The shared belief that grocery real estate can be a force for stability, sustainability
OPEN is more than a grocery real estate fund. While our core portfolio is anchored by some of Germany’s strongest retailers, our strategy reaches further. We invest across four connected zones: Real Estate, Utilities, Resources, and Networks. Each zone plays a role in strengthening our assets, unlocking new revenue, and staying ahead of where the market is going. Together, they build income that l
Greenman OPEN has received approval to redevelop Stadtgalerie Datteln, a shopping centre in its portfolio located in North Rhine-Westphalia, Germany.
This planning milestone paves the way for a complete upgrade of the centre, focused on future-proofing the building and delivering long-term value to the community it serves.
The redevelopment is being delivered by Greenman Group subsidiaries.
Greenman OPEN has finalized a long-term strategic framework agreement with Kaufland, securing leases for seven key retail centers across Germany. This deal enhances OPEN’s portfolio by extending its Weighted Average Rent Lease Term (WARLT) to 10.4 years and increasing rent to term by €190 million.
A key component of the framework agreement is an innovative initiative to provide tenants wit
Greenman is delighted to announce that our flagship fund, Greenman OPEN, has successfully been converted into an ELTIF under the new ELTIF 2.0 framework marking a new chapter for the fund. Below, we outline what has changed:
What is an ELTIF?
A European Long-Term Investment Fund (ELTIF) is a regulated investment framework introduced by the European Union in 2015. It was created to channel lo
