This week saw the successful opening of a new EDEKA store in Taucha, for which GFORM will take over asset and property management starting in September.
The impressive property, with a lettable area of around 2,500 sqm, was acquired by Greenman OPEN in March this year as part of the 2021 developer framework agreement with Schröder Holding and is let long-term to EDEKA Nordbayern-Sachsen-Th
“The cost of living, rising inflation, and high interest rates are shaping the consumer landscape,” said James McEvoy, CEO of GFORM, a commercial real estate and financial management platform, with a focus on grocery-anchored real estate in Germany, and which was launched by The Greenman Group last month.
“Across the retail sector, this is reflected amongst the subdued shopping mood of co
GFORM, manager of the Greenman OPEN (OPEN) portfolio of German food retail properties, has celebrated the topping-out ceremony for a local retail centre in a four-level building in Dinkelsbühl in the district of Ansbach in Middle Franconia together with OPEN’s general contractor Schoofs Immobilien GmbH Frankfurt. A full-range Edeka supermarket is being built on a 9,400 square metre site next
Together with our sister company White Bird, responsible for the technical asset management, we are currently redeveloping several areas of the retail centre Elster Park in Plauen, one of the 79 assets of the Greenman OPEN fund’s portfolio which we manage.
As part of the refurbishment project, the glass roof of the centre is being completely renewed, with more than 1,000 m² of glass surfac
GFORM takes over the management of another new local retail centre in Montabaur, Rhineland-Palatinate. The opening ceremony, hosted by REWE, was attended by the Mayor of Montabaur Gabriele Wieland, project developer Schoofs Immobilien GmbH Frankfurt, and other project participants. The local shopping centre in the district town of Montabaur is DGNB gold certified and offers a total of 6,811 s
On April 26, the Westerwald Arkaden retail centre in Höhr-Grenzhausen (Rhineland-Palatinate) opened with a big folk festival and more than 3,000 guests – including Mayor Thilo Becker and State Secretary Ms. Petra Dick-Walther, from the Ministry of Economy, Transport, Agriculture and Viticulture. The opening ceremony was co-hosted by the owner Greenman OPEN (OPEN), developer Schoofs Immobilien
Greenman OPEN, one of the largest food-anchored retail real estate investment funds in Germany, has acquired a portfolio of six EDEKA supermarkets for c. €55 million, that GFORM will manage after handover.
Five of the retail properties are located in the Bavarian towns of Bad Windsheim, Hof, Kemnath, Marktleuthen and Zell am Main, while the sixth is located in Dresden, eastern Germany. The
As landlord, our top priority is to provide our tenants with the resources they need to run their business successfully. We took very seriously the most recent feedback we received that the store space of our tenant TEDi, one of the leading German non-food retailers, established at the location in Elster Park Plauen, that we manage, was too small to meet the needs of its customers.
An anal
