Greenman OPEN, Germany’s largest food retail-focused investment fund, has arranged financing of €61.5 million for a large portfolio of Edeka-anchored real estate assets from Helaba, the German commercial bank. The loan from Helaba has a term of 8.5 years....
Greenman announces the appointment of Moritz Lind to the role of Head of Portfolio. From the 1st of March 2020 he will lead Greenman's portfolio team based in Berlin in order to support expansion of the German portfolio....
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...
[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"][vc_column][vc_column_text]Greenman OPEN has notarised a deed to acquire a new retail Centre by way of a forward purchase transaction, in Homberg (Efze), Germany. The centre which is under construction is expected to be completed in Nov 2020 and...
[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"][vc_column][vc_column_text]Greenman OPEN has notarised a deed to acquire 5 food-anchored retail properties with a combined purchase price of c. €112m, increasing its portfolio value to c. €707m and consolidating its position as Germany’s largest food retailer focused investment...
[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"][vc_column width="2/3"][vc_column_text]John Wilkinson, CEO, Greenman, tells The Real Estate Day that as a buy and hold fund they believe they can generate income for their investors by focusing on micro-locations across the country, as German food retailers are...
[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"][vc_column][vc_column_text]The German food retail sector is so stable that e-commerce has failed to take a bite out of it and Walmart gave up. So what makes Germany’s mature bricks-and-mortar model so robust? The German market is well established and...
[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"][vc_column][vc_column_text]JLL acknowledges Greenman OPEN as the largest food retail focused investment fund in Germany. Read the full article here[/vc_column_text][/vc_column][/vc_row]...
[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"][vc_column][vc_column_text]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,...
[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"][vc_column][vc_column_text]Greenman will be attending EXPO REAL, the international trade fair for real estate and investment. To arrange a meeting with the team please contact [email protected] or fill in the form below.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation="" row_type="row" use_row_as_full_screen_section="yes" type="grid" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"...
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,