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 agrees €61.5 million financing for 28-strong Edeka portfolio with Helaba

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.

The Edeka-anchored properties were purchased in March 2019 from TLG IMMOBILIEN and are spread across Germany. All the Edeka properties are 100% occupied on long-term leases with an average WARLT of 10 years.

Greenman OPEN has €747 million of assets under management, with Edeka being the largest tenant within the fund.

Neil Hennessy, Head of Debt Capital Markets for Greenman, comments: “We are delighted to have extended our relationship with Helaba, one of the largest real estate lenders in Germany.The financing with such a renowned bank is excellent news for our investors”.

Anja Peter, Key Account Manager at Helaba, comments: “We have enjoyed working constructively with Neil Hennessy and the team at Greenman. We look forward to continuing our business relationship with this new transaction”.