Greenman OPEN Achieves ELTIF 2.0 Conversion: Expanding Access for Retail Investors Across Europe
Greenman OPEN (“OPEN”) has officially converted into a European Long-Term Investment Fund (ELTIF), following the introduction of the ELTIF 2.0 framework earlier this year. This pivotal transition positions Greenman OPEN as one of the first real estate funds to embrace the new regulations, significantly broadening access to retail investors across the European Union (EU).
What Does the ELTIF 2.0 Conversion Mean for Investors?
The introduction of ELTIF 2.0 brings several advantages for investors. By simplifying fund administration and enhancing investor protection, the updated regulations reduce entry barriers, making it easier for a broader audience of retail investors to access real estate investments. For Greenman OPEN, this marks a new era of growth, as the fund becomes more accessible to individuals who wish to invest in grocery-anchored retail real estate, particularly in Germany.
In response to this regulatory shift, we have developed the GM OPEN app, which provides our investors with seamless access to their investment details. Through the app, investors can track the value of their investments, receive key fund updates, and stay informed about market trends—all in real time.
A Continued Focus on Grocery-Anchored Retail Real Estate
Despite this exciting regulatory change, Greenman OPEN remains committed to its core strategy of investing in grocery-anchored retail properties in Germany. Currently, our portfolio includes 90 assets with a total value exceeding €1.28 billion. Grocery-anchored assets have proven to be resilient and attractive, making them a strong investment choice in an evolving market.
Our Vision for the Future
The opportunity provided by ELTIF 2.0 aligns with Greenman’s long-term ambitions for the OPEN fund. By 2033, we aim to expand our investor base to approximately 100,000 investors across 16 nations, with projected net assets exceeding €3.5 billion. As market leaders in grocery-anchored real estate in Germany, we are especially excited to begin targeting retail investors in the country, leveraging our ELTIF marketing passport to do so starting in early 2025.
John Wilkinson, CEO & Executive Director of Greenman, commented on this transition:
“The shift to ELTIF status presents a fantastic opportunity to broaden Greenman OPEN’s reach across Europe. We are seeing considerable interest, particularly from German retail investors, where the appeal of grocery-anchored assets is particularly strong.”
A Smooth and Secure Transition
We are proud to have worked closely with the law firm Elvinger Hoss Prussen, which played a pivotal role in the conversion process. Speaking on the transition, Tom Göricke (Partner) and Jérôme Mausen (Counsel) from Elvinger Hoss Prussen stated:
“We are delighted to have assisted Greenman Investments in this successful transition to a Luxembourg Part II fund under the ELTIF regime. This provides the framework for opening the fund to retail investors, ensuring long-term growth under a robust regulatory structure.”
At Greenman, we believe that the ELTIF 2.0 conversion marks a significant step forward for our investors and the future of Greenman OPEN. We look forward to welcoming a new wave of retail investors and continuing our leadership in the grocery-anchored real estate sector.
