Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has recently agreed a new framework agreement with Kaufland, one of Germany’s leading grocery retailers, on the long-term renewal of five leases across a portfolio of five retail centres it acquired in 2019 for €112m.
As a result of this agreement, the weighted average remaining lease term (WARLT) of the p
In June this year we attended the Richtfest of our retail centre in Wittenberge. 8 months later, the anchor tenant REWE opened its new store. The building is one of REWE’s green building designs, built in accordance with the Green Building criteria of the German Sustainable Building Council, and is one of the highest standards of sustainable supermarkets. As a result of the advanced and considered
Catherine Choo has been Chief Information Officer at Greenman since last year, a role with a lot of responsibility and a wide range of duties. However, she started her career at Greenman back in 2011. Take a moment to read the interview with her and learn more about the role of technology at Greenman, Greenman OPEN’s ESG strategy and food retail.
Catherine, could you briefly introduce yourself
Greenman OPEN agrees new debt deal with HypoVereinsbank to finance the acquisition of a sustainable retail park in Brandenburg
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, has signed a five-year €5.6 million debt deal with HypoVereinsbank (UniCredit Bank AG) for the acquisition of a new retail park in Wittenberge, Germany. The transaction which is a
The food dominated retail hybrid centre “Drehscheibe Homberg” in Homberg (Efze) was acquired by OPEN last year and was added to its operational portfolio in April 2021.The centre, which is located in the city centre of Homberg in the northern part of Hesse, brings city flair to the middle of the small town which is characterized by half-timbering and blends harmoniously into the existing developme
A new kind of mobility is being defined in urban and suburban areas with the uptake in usage of electric vehicles, such as cars, bicycles, and scooters. With these different e-mobility options, ride sharing has never been easier. It’s no secret that retail properties selling everyday goods offer the perfect location for e-charging infrastructure providers focusing on high-frequency locations. Jelb
Greenman OPEN (OPEN), Germany’s largest food-retail focused investment fund, has signed a new seven year debt facility for €17 million to refinance the Berlin Hansa-Centre, marking the fund’s first financing deal with MünchenerHyp.
The Hansa-Centre is located in the Berlin district of Hohenschönhausen and is a large hybrid centre anchored by EDEKA, Germany’s largest food retailer. The centre wa
What will the supermarket of the future look like? In Germany, REWE Group has recently opened its first Green Farming market in Wiesbaden (southern Germany) and has set a new standard for a new generation of green supermarkets in Europe.
The approximately 1,500m² supermarket already catches the eye from the outside with its unusual architectural concept: pillars made of stacked wood form the su
Bees are a key player in our ecosystem. Several thousand fruits and vegetables as well as important wild plants depend on bees as pollination insects. The insects’ work is also vital for the survival of the human being. However, bees are threatened by extinction.
By placing bees on the roof of our centre in Berlin-Biesdorf, we aim to do our part to preserve food diversity. As part of our Beezdo
Market analysts have been increasingly discussing the effects of rising inflationary pressures globally. As the worldwide vaccination campaign gathers pace, the reopening of economies and the quick rebound in activity that has followed has fuelled inflation in some regions. In May 2021, US inflation as measured by the consumer price index (“CPI”) increased by 5.0% year-on-year, hitting a remarkabl
As the world’s population continues to grow rapidly and is expected to reach 9.7 billion by 2050, it is estimated that global food production will need to increase by up to 70% over the next 30 years. Over this period, 80% of the world’s population will live in urban areas. To feed this growing population, there is a need for sustainable urban food. The production of sustainable urban food require
The acquisition of a newly built centre is always exciting. Especially when you can see the lifecycle of the property, from foundations to being fully built. The completion of OPEN’s new retail centre in Wittenberge is progressing. This week, the Greenman team led by Head of Portfolio, Moritz Lind, together with the developer Hans Harms and his team from Harms Consulting, were pleased to celebrate
