Over the past 15 years Greenman has evolved into a market-leading, sector specific, real estate investment fund manager. We have shown our commitment to our sector, our tenants and our people and have continued to deliver long-term, sustainable income to our investors.
Greenman was formed in 2005 by two people with the intention of owning and managing German income producing real estate. Greenman assembles its first portfolio of residential apartment buildings in Berlin.
Greenman launch its first Luxembourg seated German real estate fund, Greenman AUTO.
Greenman’s second fund, Greenman Accelerate is approved for investment via Friends First’s SDIO platform.
Greenman’s oversubscribed third fund, Greenman Retail acquires two food retail parks in Berlin. Greenman open their Berlin office which provides asset management, property management and bookkeeping services to all of their assets.
Greenman become the first Irish owned investment manager to be approved as an AIFM. Greenman’s first AIF, the Luxembourg seated Greenman Retail+ opens for investment to professional and well-informed investors located throughout the EU.
Greenman Income ONE complete a €95m acquisition, by sale and leaseback, of 29 EDEKA markets as a joint venture with a listed German real estate fund.
Greenman Retail+ is successfully converted into an open-ended structure allowing investors to access the fund on a continual basis. Greenman OPEN is Greenman’s first open-ended investment scheme following a “buy and hold” strategy targeting food dominated commercial property.
At the end of 2017 Greenman OPEN successfully completed the merge of assets from closed end funds Auto, Accelerate and Retail. Greenman OPEN, post-merger, consists of 25 properties with a volume of €295m generating over €16m in rent a year.
In December 2017 Greenman gained HSH Nordbank (now Hamburg Commercial Bank) as a long-term financing partner. The bank is providing a term loan facility of €153.5m over 10 years to Greenman OPEN.
Greenman OPEN acquires the Biesdorf Centre in Berlin, its biggest single asset transaction to date with an investment volume of c.€79m.
Greenman open their Frankfurt office which provides asset management, property management and debt finance services to all of their assets.
GMO becomes the largest food focused fund in Germany with a GAV of €594m.