Greenman OPEN celebrates the start of a new retail real estate project with developer Schoofs

Greenman OPEN and Schoofs Immobilien Frankfurt GmbH have laid the foundation stone for a four-level building in Dinkelsbühl in the district of Ansbach in Middle Franconia. On a 9,400 sqm site, an Edeka full-range store is being built that has signed a 21-year lease, next to a bakery with a café, topped by three residential floors with a total of 83 barrier-free apartments. The mixed-use property with a total let area of 8,094 sqm is part of the 7.4 hectare large neighbourhood development “Gaisfeld IV”. When completed in the first quarter of 2025, the new asset will be managed by Greenman Group company GFORM on behalf of OPEN. The celebratory ceremony was attended by project stakeholders, community representatives, and the Mayor Dr. Christoph Hammer.

The ground-breaking ceremony marks an exciting milestone for Greenman OPEN and its partner Schoofs Immobilien Frankfurt GmbH. This new project represents a step forward in delivering sustainably built mixed-use real estate in local German development, and it’s an excellent example of a long-term relationship we have built with our partner. The building is planned to achieve DGNB-Gold certification, which is the highest rating for sustainable building practices in Germany. Sustainability is a key focus for this development, and PV solar panels and EV-hypercharger stations are planned to be installed by Greenman’s sister company Greenman Energy. These energy-efficient features will not only help reduce the carbon footprint of the asset but also help to reduce energy costs for residents and occupiers.

James McEvoy, Head of Acquisitions at Greenman, says: „I am delighted that so many guests attended the ceremony. The high level of attendance shows how significant this project is for the neighbourhood development in the southwest of the large district. We are creating high-quality, sustainable residential and shopping opportunities here for all generations to meet the growing demand. Our innovative concept also enables us to offer our tenants all the services from a single source that modern users expect; including renewable electricity production and sustainable e-mobility.”

Dr. Christoph Hammer, Mayor of Dinkelsbühl, says: “With the project our city of Dinkelsbühl, together with Greenman and Schoofs, is treading a new, innovative path. The Edeka full-range store in the middle of a construction area, and not on a green field, will be supply centre in the future. In addition, 83 residential units will be created in the superstructure, which is excellently in line with the idea of land-saving structural development.”

Sven Schemann, Head of Project Development at Schoofs Immobilien GmbH Frankfurt, says: This property is being built in an energy- and resource-saving manner. If all goes according to plan, we expect the Edeka store to be completed in fall 2024 and the rental apartments in spring 2025.”