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 new debt facility with Wüstenrot

Greenman, the specialist real estate and investment fund manager, has agreed a new debt facility with Germany-based Wüstenrot Bausparkasse for a mixed-use food retail and residential asset that is in development and that it recently acquired for the Greenman OPEN fund.

The asset will consist of a neighbourhood retail centre anchored by REWE and ALDI, both on 15-year leases, as well as 71 residential apartments, located in the city of Tuttlingen in the southern German state of Baden-Württemberg.

Neil Hennessy, Greenman’s Head of Debt Capital Markets, says: “We are delighted to work again with our financing partner Wüstenrot on this transaction”.

Markus Noelte, Regional director of Wüstenrot, says: “Wüstenrot has already financed several assets for Greenman and has had a very positive experience with them.”

The Greenman Open fund has a long-term strategy to invest in German food-dominated retail parks, a stable sector within Europe’s largest economy. The properties, all with long lease lengths, provide investors with regular, secure income.