Greenman is delighted to announce that our flagship fund, Greenman OPEN, has successfully been converted into an ELTIF under the new ELTIF 2.0 framework marking a new chapter for the fund. Below, we outline what has changed: What is an ELTIF? A European Long-Term Investment Fund (ELTIF)...
Greenman OPEN has finalized a long-term strategic framework agreement with Kaufland, securing leases for seven key retail centers across Germany. This deal enhances OPEN’s portfolio by extending its Weighted Average Rent Lease Term (WARLT) to 10.4 years and increasing rent to term by €190 million. A...
[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 achieves a +0.94% like-for-like change in NAV for Q2 2024, its 11th consecutive positive uplift and consistent performance. Investment Zones Update Real Estate: A sale and leaseback acquisition of 10 EDEKA supermarkets as well as a framework agreement...
Greenman OPEN has aquired 10 EDEKA supermarkets across Saxony, Bavaria, and Thuringia for approximately €60 million. This significant addition enhances our portfolio with properties totaling around 22,500 square meters in a strategic sale-and-lease-back agreement with the EDEKA Group. James McEvoy, CEO of GFORM, shared his enthusiasm:...
[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] Save the date for Greenman OPEN’s Q1 2024 performance webinar on May 21st from 10:00-11:00 (IST). Register now to hear Greenman's management team provide insights about the grocery retail asset class, an operational update on Greenman OPEN fund's performance...
[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] Meet our new team member, John Bailey, who has joined our Distribution Team. John has over thirty years of experience in the financial services sector, with a particular focus on financial planning. We spoke to John about his new...
[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] Save the date for Greenman OPEN’s Q3 2023 performance webinar on November 8th from 10:00-11:00 (IST). Register now to hear Greenman's management team provide insights about the grocery retail asset class, an operational update on Greenman OPEN fund's performance...
[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] Our CEO Johnnie Wilkinson recently had a conversation with the Irish Farmers Journal about our perspective on vertical farming and its pivotal role in the future of food supply. Greenman is well-positioned to see the trends and needs 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"][vc_column][vc_column_text] The event GRI Club Europe 2023 has recently come to a close. Joining hundreds of the most influential industry executives from all corners of Europe and beyond, it was a privilege to delve deep into rich conversations to explore...
[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’s Head of Distribution David O’Meara recently shared his thoughts in PropertyEU on the digital evolution of retail. Recent years have seen technology permeate every aspect of retail and real estate, with supply chains experiencing substantial advancements. In an...
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.
Merry Christmas
from everyone in Greenman. Our offices will be closed from Wednesday, 24th December. And will reopen on
Friday, 2nd January.