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