Greenman Income PRO’s strategy is to maximise the conversion of rental income into regular long term distributions.
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:
- Excellent micro-locations
- Attractive commercial indicators
- Appropriate property size and structure for the market
- Leading food anchor tenants who meet high levels of creditworthiness
GMPRO
Portfolio
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
GMO
Breakdown
of Portfolio
by Asset
Type
GMO
Breakdown
of Portfolio
by Tenant
Sector
Key Centres
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).
HANSA
Year Acquired
2015
Market Value
€27m
Total Area
7,730 sqm
No. of Tenants
11
Primary Anchor Tenant
REWE
Annual Net Rent
€1.41m
% of rent from Primary Anchor Tenant
34.66%
WARLT
12.11 years
SANGERHAUSEN
Year Acquired
2015
Market Value
€30m
Total Area
10,062 sqm
No. of Tenants
16
Primary Anchor Tenant
REWE
Annual Net Rent
€1.64m
% of rent from Primary Anchor Tenant
19.85%
WARLT
4.38 years
CCU
Year Acquired
2016
Market Value
€37m
Total Area
12,115 sqm
No. of Tenants
13
Primary Anchor Tenant
REWE
Annual Net Rent
€1.75M
% of rent from Primary Anchor Tenant
34.49%
WARLT
11.80 years
