Greenman OPEN is pleased to announce continued strong performance with yet another positive like-for-like change in NAV for Q1 2024, marking an impressive streak of 10 consecutive quarters of uplift, this time by +0.26%. This consistent growth underscores our commitment to delivering sustainable returns to our investors and enhancing the value of our real estate investments.

Investment Zones Update

Real Estate: This quarter has seen a flurry of activity with several sale and leaseback deals and framework agreements. These strategic moves are set to significantly boost the weighted average remaining lease term (WARLT) and overall property values, laying a solid foundation for continued success throughout the year.

Networks: The integration of live energy data monitoring systems has begun in select properties. This innovative technology is enhancing operational efficiencies and improving tenant services, setting a new standard in property management.

Utilities: Our recent partnership with a leading Chinese supplier marks a significant step forward in expanding our environmentally focused infrastructure. The accelerated rollout of EV charging stations and photovoltaic (PV) installations across our portfolio aligns with our long-term sustainability goals.

Resources: Potager Farm has made significant strides by beginning to supply a diverse array of herbs to knuspr.com, one of Germany’s top online supermarkets. We are planning to expand our range of plants and products in the upcoming months, further diversifying our agricultural initiatives.

Looking Forward

As we continue to navigate 2024, the outlook for Greenman OPEN remains highly positive, driven by strategic investments and a clear focus on innovation and sustainability. We are optimistic about the potential of our developments to create significant value for our investors and partners.