Greenman Income PRO (GMPRO) is an Own Account, closed end compartment.
GMPRO targets sustainable growth from rental income delivered by long-term lease terms from tenants who meet high levels of creditworthiness. The important decision-making criteria for property acquisitions are:
No. of Centres: 3
Combined Market Value: €72.03m
% of Rent paid by Food Tenants: 72%
Main Anchor Tenant: EDEKA
Annual Rental Income: €3.92m
Combined WARLT: 10.5 years
To ensure that GMPRO 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).