Wind and solar have produced more energy in the EU during May than all fossil fuels combined as the energy transition hits overdrive.
Solar energy alone generated 14% of the EU’s electricity in May: an all-time high.
With more reports across the EU of closing coal-fired power stations and reduction in gas usage, renewable energies could be emerging as the backbone of the future electricity s
OPEN is recently investing in the modernisation of an asset located in Zwickau in Germany, occupied by Kaufland, one of the country’s largest grocery retailers. This significant undertaking is aimed at enhancing sustainability and improving the overall shopping experience of our tenants and their customers.
In collaboration with our sister company White Bird, responsible for the technical asset
Greenman OPEN is getting its first electric vehicle hypercharger stations. Subsidiary Greenman Energy (GME) has begun with the construction of the hyperchargers at the retail centre Mahlsdorfer Märkte in Berlin, following the successful financing of over €1.2 million from German bank Volksbank Wittenberg.
Greenman plans to rapidly and successively advance the expansion of the renewable e-chargi
Greenman Energy (GME) have completed a large milestone with the start of construction at Berlin Mahlsdorf. After months of planning the first transformer has been placed on site ready for the installation of four hyper-fast EV charging units.
The roll out of GME’s EV charging infrastructure at OPEN’s retail properties has multiple benefits, not only supporting the fund in its Net Zero Pathway,
What is SFDR?
The Sustainable Finance Disclosure Regulation (SFDR) is a European regulation introduced to improve the transparency of sustainable investment products and to prevent greenwashing. It imposes comprehensive sustainability disclosure requirements covering a broad range of Environmental, Social & Governance (ESG) metrics.
In force since the 10th March 2021, SFDR is a fundamen
With the implementation of the EU Taxonomy and the obligation for large companies to report on their taxonomy score, ESG factors have become a key focus for the industry.
We are beginning to see “green” leases in our portfolio now. These are leases that take environmental criteria into account. We believe green leases are hugely beneficial in aligning the tenant and the landlord’s ESG commitmen
Q1 2023 was a busy quarter which saw the team completing a national roadshow, presenting to over 200 financial advisors across the country. They also made their first asset tour of OPEN’s Berlin retail centres and hosted a number of events, including Carpark Cocktails.
The portfolio also grew in Q1 2023, the OPEN acquiring c. €73m worth of German, #grocery retail anchored real estate, adding to
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.
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 properties which total 20,660 sqm, were acq
Sale-and-leaseback (SALB) deals have become increasingly popular in the real estate industry, particularly in the commercial sector. This type of transaction involves the sale of a commercial property with the seller then leasing the asset back from the buyer, usually on a long-term lease.
For the seller the benefits are multi-fold. Not only does a SALB deal allows tenants to unlock the equity
We are proud of the relationships our teams have built over the past with both our tenants and within the grocery retail sector. The latest acquisition of three EDEKA markets of c. €35 million for our fund OPEN, reaffirms our long-standing partnership with one of Germany’s largest food retailers. One of the supermarkets was acquired as part of an off-market, 20-year, sale and leaseback deal direct
Greenman Energy (GME), a joint venture between the Greenman Group and its fund Greenman OPEN, has signed an exclusive framework agreement with Frankfurt-based project developer Schoofs Immobilien at the international real estate trade fair MIPIM in Cannes. The companies plan to equip all new projects realised by Schoofs with rooftop solar panels and hyper-charging stations via GME from now on. The
Greenman OPEN, one of the largest food-anchored retail real estate investment fund in Germany, has acquired three standalone Edeka markets with a total area of approximately 18,500 square meters. The properties are located in Weyhe in Lower Saxony, Taucha in Saxony and Freyburg in Saxony-Anhalt.. The cash & carry market in Weyhe, was acquired as part of an off-market, 20-year, sale and leaseba
Within the celebration of a Halloween event last weekend Greenman OPEN (OPEN) demonstrated, together with the metaverse infrastructure provider Mapstar AG from Karlsruhe, how digitalisation revolutionises the retail landscape. Greenman OPEN, one of the largest investment funds focused on food retail in Germany, wanted to explore how the consumer’s physical shopping experience can be enhanced throu
The Greenman Group (the ‘Group’), has launched GFORM, a commercial real estate and financial management platform, with a particular speciality in grocery-anchored real estate in Germany.
Headed by James McEvoy, CEO, and Maren Große-Löscher, CFO, who have both worked for Greenman for more than 8 years, GFORM will grow its €1.08 bn of assets under management from the Greenman OPEN fund with the a
Greenman Energy has signed an agreement with GP JOULE CONNECT to install 4 hyper-charging EV units in the car park of the Mahlsdorf market retail centre which is owned by its sister fund Greenman OPEN.
The Hyper-Charging Station will have 4 300kW DC hyper-chargers with 2 charging points each. The units have the capacity to charge an EV with c. 200km worth of charge in 20 minutes. The electricit
Focus on German shopping centres anchored by food chains is at heart of Greenman’s Covid recovery
When Covid-19 descended on Europe in March 2020, retail landlords, forced to renegotiate leases and give payment freezes, were probably wondering why they entered the sector in the first place.
One Irish landlord had a different take. For Greenman, a real estate investment fund manager, the pand
Throughout the past few years, grocery retail has been the shining light of retail, performing consistently and steadily. Now, as the prevalence of the pandemic recedes in Europe, hospitality reopens, supply chains struggle and prices inflate, how will the grocery retail market perform?
Several consumer driven trends will affect grocery retailers’ strategies. Amongst them are increased price se
The forecast growth in the EV market, coupled with the energy shortages and price spikes that the world is currently experiencing, means the search for energy independence and greener energy production is critical.
Currently, Greenman OPEN generates c.350,000 kWh on 2% of its roof space. We established Greenman Energy to expand on the potential of this underutilised space, and we target to inst
Following its strong performance in 2021 (with annual change in NAV for the year of c.7.1%), Greenman OPEN continues to perform consistently, recording growth in NAV of 1.46% like for like change in Q1 2022.
This increase in investment in OPEN’s asset class is largely due to its security and the ability of its tenants to generate rent increases during inflationary periods.
“Whilst it is diff
Greenman OPEN (OPEN), one of the largest food retail-focused investment funds in Germany, announces the acquisition of a grocery anchored retail park in Rhineland-Palatinate. This is the third acquisition in OPEN’s €95.5 million portfolio development framework agreement with Schoofs Immobilien Frankfurt, the leading German retail real estate developer.
Located on a c.20.000 sqm plot with a tota
