Going Deutsch – Greenman in the News
While German Investors have been taking increasing stakes in the Irish commercial property market, Greenman Investments have formed a strong presence in German food retail property. It has just acquired 33 retail properties in Germany for €143 million, making it Germany’s largest food retail-focussed investment fund. The income fund aims to return 5% to investors a year and growing the NAV of the fund 3% annually. Shares in the fund, available through Friends First’s self-directed pension platform have returned an annualised 9.76% returns between June 2016 and March 2019.
German food-retail has not been subject to the same online pressures as some other retail sectors, especially in Germany, positioning the property sector as a defensive type of investment according to John Wilkinson, Greenman CEO.
You can read the whole article here: https://www.businesspost.ie/property/going-deutsch-440831