Three retail parks acquired in Germany for €90 million, increasing Greenman OPEN’s AUM to over €1 billion
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has acquired three retail parks for a combined value of c.€90 million, increasing the fund’s AUM to more than €1billion.
OPEN has acquired a retail centre in Sonneberg on the Bavarian border. Fully
Last year Luxembourg modernised its investment fund laws, updating certain elements of the Luxembourg investment fund toolbox in order to increase the competitiveness of the Luxembourg financial centre by easing access to products for non-professional investors.
Due to these recent legislative changes in Luxembourg, the definition of what constitutes a “Well-Informed Investor” has been updated
Greenman OPEN and its sister company GFORM, manager of OPEN’s portfolio of German food retail properties, have celebrated the topping-out ceremony for a local retail centre in a four-level building in Dinkelsbühl in the district of Ansbach in Middle Franconia together with OPEN’s general contractor Schoofs Immobilien GmbH Frankfurt. A full-range Edeka supermarket is being built on a 9,400 square m
The Greenman Group’s Innovation Awards programme, Growing Further, is committed to highlighting businesses that are positively reshaping the grocery retail supply chain. We are delighted to have put together a distinguished panel of judges for our Innovation Awards. Each of these esteemed individuals brings a wealth of expertise from the realms of venture capital, finance, entrepreneurship, a
Achieving an Article 9 (dark green fund) status is not only about reporting obligations.
The benefits of Article 9 are in fact far reaching and have significantly positive implications for real estate activities. Financial impact can be seen in the access to “green loans” with more attractive financing terms; easier access to EU grants and tax incentives; and sustainability projects that improv
What is SFDR?
The Sustainable Finance Disclosure Regulation (SFDR) is a European regulation introduced to improve the transparency of sustainable investment products and to prevent greenwashing. It imposes comprehensive sustainability disclosure requirements covering a broad range of Environmental, Social & Governance (ESG) metrics.
In force since the 10th March 2021, SFDR is a fundamen
Q1 2023 was a busy quarter which saw the team completing a national roadshow, presenting to over 200 financial advisors across the country. They also made their first asset tour of OPEN’s Berlin retail centres and hosted a number of events, including Carpark Cocktails.
The portfolio also grew in Q1 2023, the OPEN acquiring c. €73m worth of German, #grocery retail anchored real estate, adding to
Greenman OPEN, one of the largest food-anchored retail real estate investment funds in Germany, has acquired a portfolio of six EDEKA supermarkets for c. €55 million.
Five of the retail properties are located in the Bavarian towns of Bad Windsheim, Hof, Kemnath, Marktleuthen and Zell am Main, while the sixth is located in Dresden, eastern Germany. The properties which total 20,660 sqm, were acq
Sale-and-leaseback (SALB) deals have become increasingly popular in the real estate industry, particularly in the commercial sector. This type of transaction involves the sale of a commercial property with the seller then leasing the asset back from the buyer, usually on a long-term lease.
For the seller the benefits are multi-fold. Not only does a SALB deal allows tenants to unlock the equity
Last week, CEO’s of the Greenman Group gathered at MIPIM, the annual international real estate trade fair in Cannes, to network, discuss real estate industry trends and exchange market opinions. On this occasion, Johnnie Wilkinson, CEO of the Greenman Group, Maximilian Bley from Greenman Energy and Catherine Choo, CEO of yes&, spoke to Germany’s leading real estate newspaper Immobilien Zeitung
The Board of Greenman Investments acting in its capacity as the Investment manager (AIFM) to Greenman OPEN (“OPEN”), the largest food retail-focused investment fund in Germany, recently approved the NET Zero plan which when complete will reduce the portfolio’s NET Carbon emissions to ZERO (the “Net Zero Pathway”). This Net Zero Pathway is planned to be delivered over three phases:
Phase 1 – on
Greenman Open has appointed Schoofs Immobilien GmbH Frankfurt, to develop a portfolio of eleven retail parks and mixed-use properties with a volume of EUR 215 million. This portfolio is to be jointly developed and realized by 2025. The 11 assets are located near large cities with growing populations spread across the areas of east and south Germany.
Greenman OPEN is looking forward to extend an
Debt deal for a new sustainably constructed retail park in Höhr-Grenzhausen, Rhineland-Palatinate
Bank consortium deal led by Westerwald Bank eG, with participation of Nassauische Sparkasse (Naspa) and Sparkasse Westerwald-Sieg
Forward fixing loan with seven-year term
Modern project development with approx. 14,000 square metres of rental space opens in the first quarter of 2023
Greenman OPEN
Focus on German shopping centres anchored by food chains is at heart of Greenman’s Covid recovery
When Covid-19 descended on Europe in March 2020, retail landlords, forced to renegotiate leases and give payment freezes, were probably wondering why they entered the sector in the first place.
One Irish landlord had a different take. For Greenman, a real estate investment fund manager, the pand
Following its strong performance in 2021 (with annual change in NAV for the year of c.7.1%), Greenman OPEN continues to perform consistently, recording growth in NAV of 1.46% like for like change in Q1 2022.
This increase in investment in OPEN’s asset class is largely due to its security and the ability of its tenants to generate rent increases during inflationary periods.
“Whilst it is diff
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, announces the acquisition of a grocery anchored retail park in Rhineland-Palatinate. This is the third acquisition in OPEN’s €95.5 million portfolio development framework agreement with Schoofs Immobilien Frankfurt, the leading German retail real estate developer.
Located on a c.20.000 sqm plot with a tota
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has signed a €30 million Revolving Credit Facility which was arranged by Santander. OPEN will use the facility to support investments in their German grocery-anchored retail portfolio.
Neil Hennessy, Head of Debt Capital Markets at Greenman, commented: “It is important to us to be able to work with Santand
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has signed a seven-year €19.5 million debt deal with BayernLB to finance the acquisition of a retail park in Sonneberg, Germany.
The centre is anchored by MARKTKAUF, part of the EDEKA Group and one of Germany’s leading food retailers. Other tenants include TOOM Baumarkt, Möbel Boss, CF Fitness and the Dani
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has recently agreed a new framework agreement with Kaufland, one of Germany’s leading grocery retailers, on the long-term renewal of five leases across a portfolio of five retail centres it acquired in 2019 for €112m.
As a result of this agreement, the weighted average remaining lease term (WARLT) of the p
Greenman OPEN agrees new debt deal with HypoVereinsbank to finance the acquisition of a sustainable retail park in Brandenburg
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has signed a five-year €5.6 million debt deal with HypoVereinsbank (UniCredit Bank AG) for the acquisition of a new retail park in Wittenberge, Germany. The transaction which is a
