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Merry Christmas from Greenman. Please note that our office’s last working day will be Friday 22 December and will reopen on Tuesday 2 January 2024.
Merry Christmas from Greenman. Bitte beachten Sie, dass unser Büro bis Freitag, den 22. Dezember besetzt ist und am Dienstag, den 2. Januar 2024 wieder öffnet.

Greenman OPEN Acquires Portfolio of 10 EDEKA Supermarkets for Approximately 60 Million Euros

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: “This acquisition not only increases our portfolio’s stability and growth by about 8% in terms of Weighted Average Rent to Lease Term but also marks a significant step towards our commitment with EDEKA to a climate-neutral real estate portfolio.”

These properties boast modern sustainable technologies, including photovoltaic systems on three supermarkets, with plans to expand solar energy usage and install electric vehicle charging stations spearheaded by Greenman Energy. This underscores our commitment to sustainable development.

Stephan Köhler, from EDEKA Nordbayern-Sachsen-Thüringen, highlighted the strategic importance of this collaboration: “Our ongoing partnership with Greenman OPEN supports our financing strategy for key projects, reinforcing our mutual commitment to long-term growth and sustainability.”

For more detailed information on this significant acquisition and our future initiatives, please refer to the full press release [here].