Greenman OPEN, Germany’s largest food retail-focused investment fund, has arranged financing of €61.5 million for a large portfolio of Edeka-anchored real estate assets from Helaba, the German commercial bank. The loan from Helaba has a term of 8.5 years. The Edeka-anchored properties were purchased in March 2019 from TLG IMMOBILIEN and are spread across
Greenman announces the appointment of Moritz Lind to the role of Head of Portfolio. From the 1st of March 2020 he will lead Greenman’s portfolio team based in Berlin in order to support expansion of the German portfolio. Moritz Lind has over twelve years experience in real estate with a clear focus on retail real
Greenman OPEN has notarised a deed to acquire a new retail Centre by way of a forward purchase transaction, in Homberg (Efze), Germany. The centre which is under construction is expected to be completed in Nov 2020 and will be anchored by REWE and ALDI. The seller and developer of this project is Schoofs
Greenman OPEN has notarised a deed to acquire 5 food-anchored retail properties with a combined purchase price of c. €112m, increasing its portfolio value to c. €707m and consolidating its position as Germany’s largest food retailer focused investment fund.The newly acquired assets comprise a portfolio of 5 Kaufland-anchored properties with a total lettable area of
John Wilkinson, CEO, Greenman, tells The Real Estate Day that as a buy and hold fund they believe they can generate income for their investors by focusing on micro-locations across the country, as German food retailers are financially strong and online shopping in this sector has not yet taken off.
The German food retail sector is so stable that e-commerce has failed to take a bite out of it and Walmart gave up. So what makes Germany’s mature bricks-and-mortar model so robust? The German market is well established and very concentrated. 5 grocers hold 74% of the market, 2 of which are leading food discounters.
It was wonderful to celebrate the opening of our new office with so many business partners, investors, colleagues and friends who have been part of and helped Greenman over the past few years. Having outgrown our last office, the new space in Berlin set over three floors, provides us with ample room to expand into
Greenman will be attending EXPO REAL, the international trade fair for real estate and investment. To arrange a meeting with the team please contact [email protected] or fill in the form below.
The 21st Annual Europe GRI remains an iconic meeting point for the world’s senior real estate professionals.If you would like to arrange a meeting with the Greenman team at this event please contact [email protected] or fill in the form below.
Ireland’s only conference to bring together the experts and industry thought leaders to discuss the main topics that are affecting the Financial Services advice industry. The 2019 Summit will focus on the link between financial health and mental health. If you would like to arrange a meeting with the Greenman team at this event please
