The Greenman Group (the ‘Group’), has launched GFORM, a commercial real estate and financial management platform, with a particular speciality in grocery-anchored real estate in Germany.Headed by James McEvoy, CEO, and Maren Große-Löscher, CFO, who have both worked for Greenman for more than 8 years,...
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, is to invest €32 million to install Photovoltaic (PV) Panels on around 1.3km2 of roof space by 2027 across its retail centres in Germany. Once operational, OPEN estimates that the panels will...
Debt deal for a new sustainably constructed retail park in Höhr-Grenzhausen, Rhineland-Palatinate Bank consortium deal led by Westerwald Bank eG, with participation of Nassauische Sparkasse (Naspa) and Sparkasse Westerwald-Sieg Forward fixing loan with seven-year term Modern project development with approx. 14,000 square metres of rental space opens in...
Greenman Energy has signed an agreement with GP JOULE CONNECT to install 4 hyper-charging EV units in the car park of the Mahlsdorf market retail centre which is owned by its sister fund Greenman OPEN.The Hyper-Charging Station will have 4 300kW DC hyper-chargers with 2...
Following its strong performance in 2021 (with annual change in NAV for the year of c.7.1%), Greenman OPEN continues to perform consistently, recording growth in NAV of 1.46% like for like change in Q1 2022.This increase in investment in OPEN’s asset class is largely due...
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, announces the acquisition of a grocery anchored retail park in Rhineland-Palatinate. This is the third acquisition in OPEN’s €95.5 million portfolio development framework agreement with Schoofs Immobilien Frankfurt, the leading German retail...
Greenman, the specialist grocery-anchored retail real estate investment and fund manager, announces today the launch of Greenman European Supermarkets (GES), an open-ended fund that will invest primarily in grocery-anchored real estate, with the flexibility to acquire logistics and omni-channel grocery distribution assets as well as...
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has signed a seven-year €19.5 million debt deal with BayernLB to finance the acquisition of a retail park in Sonneberg, Germany.The centre is anchored by MARKTKAUF, part of the EDEKA Group and...
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has recently agreed a new framework agreement with Kaufland, one of Germany’s leading grocery retailers, on the long-term renewal of five leases across a portfolio of five retail centres it acquired in...
Catherine Choo has been Chief Information Officer at Greenman since last year, a role with a lot of responsibility and a wide range of duties. However, she started her career at Greenman back in 2011. Take a moment to read the interview with her and...
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 as we continue to grow.
A special thank you to his excellency, Ambassador Nicholas O’Brien for speaking at the reception and to our friends at Lough Ree Distillery for bringing their Slingshot Irish Gin to the event for us to try.
As 2020 is the start of a new decade we wanted to look forward and consider what will/may influence retail and real estate funds, in particular Greenman OPEN (GMO), as we move towards 2030.
200 participants joined our panel of experts in an open and frank discussion on what technologies are impacting the retail and real estate markets.
Panellists
Christian Schimanski, Hamburg Commercial Bank, Germany
Dr Holger Wolf, White & Case LLP, Germany
Lynda Boylan, Manna.Aero, Ireland
Dr Angelus Bernreuther, Kaufland, Germany
Emily Bohill (Moderator), Bohill Partners, London
Insights from the Day
– The outlook for bricks and mortar German grocery stores looks stable with digitalisation focusing on addressing customer needs & overall retail experience.
– Drone deliveries could provide a low cost, high speed, environmentally friendly solution to last mile logistics, potentially working together with grocery stores in the future.
– Blockchain has the ability to revolutionise the way real estate sector operates from smart contracts to management and execution of property sales and leases.
– The continuation of a lower for longer interest rate environment will result in debt remaining cheaper for longer & yield gaps remaining significant. – Greenman OPEN targets to achieve €1bn AUM by the end of 2020.
Merry Christmas
from everyone in Greenman. Our offices will be closed from Wednesday, 24th December. And will reopen on
Friday, 2nd January.