Happy Holidays
from Greenman! As we celebrate this festive season, please note that our office will operate on reduced
services on Thursday, December 19th.
Since it was founded in 2005, Greenman has evolved into a leading, sector specific, real estate investment fund manager. With assets under management of over €1bn, we are considered the market leaders for food retail real estate assets located across Europe.
Conversion of Rental Income into Investor Income
Greenman has developed an investment model which is designed to generate investor income from the purchase, operation and sale of food anchored retail centres. Our investment policies, corporate structures and fee arrangements are all designed to maximise the conversion of rent obligations into predictable and consistent long term investor distributions.
We Invest in Food Retail Anchored Retail Assets
Greenman only acquire one asset type – food anchored retail parks, retail warehouses and standalone grocery stores.
Typically, the centres are located in suburban areas, are constructed to specifications determined by the tenants who occupy them, are frequently visited daily by local consumers to purchase essential items and transact at yields materially higher than shopping centres or high street properties.
As we only acquire one asset type all our operational procedures and management capacity have been developed specifically for this asset type.
We are more than just a landlord
Our tenant engagement is broad, frequent and collaborative with the aim of ensuring our tenants and the retail centres remain sustainable for the long-term.
We convert frequently occurring property management events into opportunities to extend tenant lease terms. Our focus lies on asset marketing and asset & data management activities towards the long-term improvement of our grocery anchor’s performance. We support tenants in introducing new store concepts and designing pilot projects to test new technologies.
Greening our Portfolio
Achieving the goal of environmental sustainability in urban development is a pressing issue, both today and in the future. At Greenman we recognise the importance of working towards sustainable goals and we believe that our fund’s ESG framework is an important and binding factor in creating long-term value for not only our investors but also for society.
While Greenman’s funds do not have, as their objective, a sustainable investment, they do promote environmental and social characteristics making ESG factors an integral part of the investment and development process.
Greenman has set a financial performance target for its flagship fund, Greenman OPEN ELTIF, which, in part, will demonstrate the positive financial impact ESG and non-rental income initiatives will have on the fund’s performance.
By 2025, 5% of the fund’s annual revenue will be generated from non-rental income initiatives.
Follow us on Linkedin, Vimeo or join our mailing list to stay up to date with industry news.
As 2020 is the start of a new decade we wanted to look forward and consider what will/may influence retail and real estate funds, in particular Greenman OPEN (GMO), as we move towards 2030.
200 participants joined our panel of experts in an open and frank discussion on what technologies are impacting the retail and real estate markets.
Panellists
Christian Schimanski, Hamburg Commercial Bank, Germany
Dr Holger Wolf, White & Case LLP, Germany
Lynda Boylan, Manna.Aero, Ireland
Dr Angelus Bernreuther, Kaufland, Germany
Emily Bohill (Moderator), Bohill Partners, London
Insights from the Day
– The outlook for bricks and mortar German grocery stores looks stable with digitalisation focusing on addressing customer needs & overall retail experience.
– Drone deliveries could provide a low cost, high speed, environmentally friendly solution to last mile logistics, potentially working together with grocery stores in the future.
– Blockchain has the ability to revolutionise the way real estate sector operates from smart contracts to management and execution of property sales and leases.
– The continuation of a lower for longer interest rate environment will result in debt remaining cheaper for longer & yield gaps remaining significant. – Greenman OPEN targets to achieve €1bn AUM by the end of 2020.
It was wonderful to celebrate the opening of our new office with so many business partners, investors, colleagues and friends who have been part of and helped Greenman over the past few years. Having outgrown our last office, the new space in Berlin set over three floors, provides us with ample room to expand into as we continue to grow.
A special thank you to his excellency, Ambassador Nicholas O’Brien for speaking at the reception and to our friends at Lough Ree Distillery for bringing their Slingshot Irish Gin to the event for us to try.
