Greenman OPEN’s strategy is to deliver income to investors through the conversion of rental income into frequent and regular distributions over the long term.

 

The Centres in GMO’s portfolio are let on long term leases to full service food retailers, food discounters and non or near food retailers. Rents paid by these tenants are used to consistently fund investor distribution targets.

 

GMO follows a “buy and hold” strategy and correspondingly acquires centres which have the capacity to meet investor distribution targets over the long term. GMO acquires Centres with complimentary investment and operational characteristics and combines them into one attractive portfolio.

GMO
Portfolio

No. of Centres: 69
Combined Market Value: €747m
% of Rent paid by Food Tenants: 65%
Main Anchor Tenant: EDEKA
Annual Rental Income: €40m
Combined WARLT: 9.19 years

GMO
Breakdown
of Portfolio
by Asset
Type

GMO
Breakdown
of Portfolio
by Tenant
Sector

 

Key Centres

To ensure that GMO can achieve its targeted investor returns, each centre considered for acquisition must adhere to a strict set of investment criteria.
The centres must be located in areas with sufficient demographics and socioeconomic profiles to support the retail concepts in the long term.
Each centre must also be anchored by one of Germany’s leading food retailers on a long lease with no break clause (typical anchor tenant lease terms are for a period of 15 years).

KAMEN

Year Acquired 2015
Market Value €27m
Total Area 7,730 sqm
No. of Tenants 11
Anchor Tenant REWE
Annual Net Rent €1.41m
WARLT 12.11 years

HOMBERG

Year Acquired 2019
Market Value €35m
Total Area 11,935 sqm
No. of Tenants 17
Anchor Tenant REWE
Annual Net Rent -
WARLT 13.94 years

Mahlsdorf

Year Acquired 2014
Market Value €15m
Total Area 5,054 sqm
No. of Tenants 3
Anchor Tenant EDEKA
Annual Net Rent €0.72m
WARLT 10.06 years

BIESDORF

Year Acquired 2018
Market Value €97m
Total Area 32,288 sqm
No. of Tenants 61
Anchor Tenant KAUFLAND
Annual Net Rent €4.60m
WARLT 8.51 years