Greenman NEXT Becomes an ELTIF

Greenman Investments has announced that its fund, Greenman NEXT (“NEXT”), has successfully converted into a European Long-Term Investment Fund (ELTIF). This conversion marks a significant milestone for the fund, expanding access to a wider group of retail investors across Europe and introducing a more flexible, transparent structure designed for long-term growth.

Under the new ELTIF framework, investors can now access NEXT with a minimum investment of €1,500, down from the previous €150,000, and benefit from simplified entry requirements and enhanced investor protections. The move also makes investing more straightforward through the launch of direct access via the GM NEXT app, available on both the Apple App Store and Google Play Store, allowing investors to subscribe, track performance, and receive fund updates in real time.

NEXT invests in grocery-anchored retail and supporting infrastructure across Europe, with its portfolio currently located in Poland (88%), Germany (8%), and France (4%). The fund is managed by Greenman Investments, while Greenman Poland, part of the Greenman Group, provides on-the-ground property management and oversees relationships with key tenants including Kaufland, Lidl, and Carrefour.

A Growing Opportunity in Europe

According to the Appetite for Insights 2025 report by edyfi, part of the Greenman Group, Europe’s grocery sector generates more than €1 trillion in annual sales each year and continues to be one of the most stable and resilient real estate markets.

Poland, in particular, stands out as a growth market supported by strong economic performance and increasing investor confidence. The country’s GDP is forecast to grow by 3.4 percent in 2025, driven by rising wages, robust consumer spending, and ongoing infrastructure investment. Inflation has eased, and retail sales are strengthening as household purchasing power improves.

This economic stability has translated into a surge of activity in Poland’s property sector. In 2024, total commercial real estate investment exceeded €5 billion, more than double the previous year. Grocery retail remains one of the most sought-after segments, supported by expanding international operators such as Lidl, Kaufland, Carrefour, and Biedronka. Prime grocery-anchored yields remain attractive at around 6 to 7 percent, offering investors both income stability and long-term growth potential.

These fundamentals underpin NEXT’s initial focus in Poland and provide a strong foundation for its broader strategy to build a diversified portfolio of grocery and food-distribution assets across Europe.

John Wilkinson, CEO & Executive Director of Greenman, said:

“NEXT’s conversion to an ELTIF is an important step that opens the fund to a much wider audience. With a new minimum investment of €1,500 and direct digital access through the GM NEXT app, more people can now invest in the grocery properties that keep Europe supplied and supported every day.”