[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text]Greenman are delighted to announce that as of next Monday 6th July, we will be reopening the doors to our Dublin office in line with Government guidelines. Dublin joins the Frankfurt and Berlin offices who opened their...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text]Tightening yields, geopolitical uncertainty, slowing economic growth….and now a global pandemic. The past few years have proved challenging for investors searching for income. The “lower for longer” interest rate environment has become “lower for even longer”. Yet...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text]Greenman OPEN has entered into a €95.5 million framework agreement with Schoofs Immobilien, a leading German developer. Among the items agreed, the framework provides the fund the right to acquire three new food anchored retail assets in...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text css=".vc_custom_1592558133890{padding-bottom: 20px !important;}"]This week Johnnie spoke to the Irish Independent about Greenman Open, and the attraction of consistent, reliable income for the Irish investor. The fund's strong and steady performance in the first half of 2020...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text css=".vc_custom_1589797711855{padding-bottom: 20px !important;}"]On Friday 15th May Greenman’s management team held a webinar to discuss Greenman OPEN’s performance in Q1. Watch the webinar on demand and find out how the fund has performed during the volatility of...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text]Greenman OPEN, Germany’s largest food retail-focused investment fund, has arranged financing of €49.5 million for a portfolio of Kaufland-anchored real estate assets from Mittelbrandenburgische Sparkasse (“MBS”), Potsdam and Landesbank Baden Württemberg (“LBBW”), Leipzig. The two banks formed...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" z_index=""][vc_column][vc_column_text]Greenman Fund Administration (“GMFA”), an affiliate of Greenman, the specialist real estate and investment fund manager, has acquired a 70% stake in Compagnie Financière et Boursière Luxembourgeoise SA (“COFIBOL”), a Luxembourg-based provider of fund administration and corporate...
Johnnie Wilkinson, CEO of Greenman has been speaking to Refi Europe regarding the impact of Coronavirus on Greenman and food-retail property investment around Europe more generally:...
During this time of uncertainty, Greenman’s priority is the health and safety of our staff, clients, business and our communities....
Even if the spread of the corona virus worries us all and requires extraordinary measures to slow it down, we assure you that we, the grocers in Germany, our merchants and our employees will do everything possible to continue to provide you and your families...
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.
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.
Happy Holidays
from Greenman! As we celebrate this festive season,