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 significant part of the agreement is the introduction
Greenman OPEN achieves a +0.94% like-for-like change in NAV for Q2 2024, its 11th consecutive positive uplift and consistent performance. Investment Zones Update Real Estate: A sale and leaseback acquisition of 10 EDEKA supermarkets as well as a framework agreement impacting leases across 7 of OPEN’s properties with grocer Kaufland has helped to increase OPEN’s
Greenman OPEN, one of Germany’s largest food-anchored retail real estate investment funds and Europe’s largest Article 9 Real Estate Fund, has acquired a portfolio of 10 standalone EDEKA supermarkets with a total let area of approximately 22,500 square meters. The retail properties are located in the federal states of Saxony, Bavaria, and Thuringia. The deal,
Save the Date for Greenman OPEN’s Q2 2024 Performance Webinar on August 13th at 10:00 AM (IST). Join us for a Q2 review where Greenman’s management team will discuss both the current performance and future outlook of the Greenman OPEN fund. Don’t miss this opportunity to gain valuable insights into the ongoing projects at
As Q1 2024 wraps up, Greenman OPEN continues to excel, marking the 10th consecutive quarter of like-for-like NAV uplift—a notable increase of +0.26%. The first quarter has demonstrated significant progress across all investment zones, highlighting our strategic vision. Real Estate Our real estate sector has been active in Q1 with a series of sale and
Save the date for Greenman OPEN’s Q1 2024 performance webinar on May 21st from 10:00-11:00 (IST). Register now to hear Greenman's management team discuss the performance to date of the Greenman OPEN fund. Make sure to register to gain insights into the projects that are happening at the retail centres that will have long-term
OPEN is actively investing in EU-Taxonomy-compliant net-zero buildings. This initiative reflects our commitment to making our properties future-proof while making a positive impact on the environment.A leading example of this strategy is the extensive revitalisation of our retail centre Stadtgalerie Datteln, where we have recognised the opportunity to approach this project not merely as renovation
The Beezdorf Project is expanding to new locations this year following the success of the Beezdorf Kitchen in Biesdorf in 2023. Beezdorf has expanded its cooperation with local schools in the close vicinity of OPEN's retail centres, now working with 3 additional schools in Plauen, Hohen Neuendorf and Berlin. The projects launched with not
Greenman OPEN has successfully taken handover of a newly built EDEKA supermarket located in Freyburg, Saxony-Anhalt. The property, let to EDEKA on a 15-year lease with a let area of approximately 2,515 sqm, is one of the newest additions to the fund’s growing portfolio and is part of OPEN’s commitment to sustainable and future-proof
We are proud to announce that our parent company The Greenman Group has announced the winners of its inaugural Future Food Retail Awards. The awards ceremony, held in Dublin, brought together c. 160 industry leaders from finance, investment, retail, press, entrepreneurship, real estate, and academia. This year’s overall winner was the French start-up Spore.Bio,
