Frequently
Asked Questions
Asked Questions
What is Greenman OPEN?
Greenman OPEN is a regulated open-ended Real Estate Investment Fund.
Is Greenman OPEN regulated?
Yes, Greenman OPEN is approved under the European Long Term Investment Fund Regulations (ELTIF) and managed by Greenman Investments who are regulated by the Central Bank of Ireland (CBI).
What type of properties does Greenman OPEN buy?
Greenman OPEN buys supermarkets and grocery-anchored real estate in Germany let to Europe’s leading supermarket chains.
Who are Greenman OPEN’s tenants?
c. 65% of Greenman OPEN’s €60m of annual rent is paid on a monthly basis by EDEKA (Germany’s largest retailer); Lidi and its sister company Kaufland, ALDI (Nord and Sud) and REWE.
How long are Greenman OPEN’s leases?
Typically, Greenman OPEN’s leases are for a minimum term of 15 years.
What happens if Greenman OPEN’s tenants do not pay the rent?
In Greenman OPEN’s 10-year history not one of Greenman OPEN’s Grocery tenant has not met their rent obligations in full and typically Greenman OPEN collects more than 98.5% of its rent annually. However, should any tenant not pay their rent Greenman OPEN has recourse to a fast-tracked German legal rent collection process.
What are Greenman OPEN’s properties like?
Typically, Greenman OPEN’s properties are located in suburban neighbourhoods and are either standalone supermarkets or supermarkets with some complementary retailers. The properties on average have a let area of c. 6,000m2 and an average value of c. €14m.
Does Greenman OPEN borrow money to buy their properties?
Yes, Greenman OPEN can borrow c. 55% of the purchase price. Greenman OPEN normally borrows money from local German banks.
Does Greenman OPEN build supermarkets?
Typically, Greenman OPEN does not take any development or construction risk and mostly buys properties where its tenants are already installed and paying rent.
How do Greenman OPEN find their properties?
Typically, Greenman OPEN purchases their properties from German grocers via Sale & Lease Back transactions and brand-new supermarkets on forward “risk-free” purchase deals.
How can I invest?
How much can I invest?
You can invest as much as you like from a min. of €1,500 but you should not invest more than c.15% of your total value.
How can I get my returns?
- Income – where you receive a set min. distribution of 1% of your investment value each quarter.
- Growth – all your returns are accumulated and grow throughout the period of your investment.
How can I get my money back?
You can request a redemption, via this App, every quarter. You will receive your funds in 6 months directly to your bank account.
