A guide to the fund’s structure, strategy, and key terms for prospective investors
Greenman NEXT is an open-ended European Long-Term Investment Fund (ELTIF) that invests in supermarket and grocery-anchored real estate across Europe. It is managed by Greenman Investments, which acts as the Alternative Investment Fund Manager (AIFM). Day-to-day property and asset management is handled locally by
This is the fourth of our monthly updates that we have committed to providing during OPEN’s gating period.
OPEN’s Operational PerformanceThe underlying portfolio of OPEN continues to perform well in line with sector standards. Business operations continue as usual across OPEN’s portfolio, with ongoing progress across each of OPEN’s investment zones.
Real AssetsThe underlying real estate port
This is the first of our monthly updates that we have committed to providing during the fund's gating period. Our aim is to provide clear information on two fronts: the process to address liquidity and the ongoing operational performance of the portfolio.
Update on the Liquidity Process
The planned disposal of 14 properties is underway and the timing is on schedule. As this is an orderly sal
For over a decade, Greenman OPEN has been investing in one of Europe’s most dependable real estate sectors: grocery-anchored retail in Germany. The portfolio is anchored by some of Europe’s leading grocery retailers, whose stores serve thousands of customers weekly, providing a foundation of steady, reliable rental income to the Fund.
OPEN’s properties, valued at over €1.26 billion,
OPEN is more than a grocery real estate fund. While our core portfolio is anchored by some of Germany’s strongest retailers, our strategy reaches further. We invest across four connected zones: Real Estate, Utilities, Resources, and Networks. Each zone plays a role in strengthening our assets, unlocking new revenue, and staying ahead of where the market is going. Together, they build income that l
Greenman OPEN has finalized a long-term strategic framework agreement with Kaufland, securing leases for seven key retail centers across Germany. This deal enhances OPEN’s portfolio by extending its Weighted Average Rent Lease Term (WARLT) to 10.4 years and increasing rent to term by €190 million.
A key component of the framework agreement is an innovative initiative to provide tenants wit
The Beezdorf Project is expanding to new locations this year following the success of the Beezdorf Kitchen in Biesdorf in 2023. Beezdorf has expanded its cooperation with local schools in the close vicinity of OPEN’s retail centres, now working with 3 additional schools in Plauen, Hohen Neuendorf and Berlin.
The projects launched with not only the addition of bees on the centre rooftops but wit
Subsidiary Greenman Energy (“GME“), a Joint Venture of Greenman OPEN, has announced the implementation of the innovative “Plug & Charge” (PnC) technology for its electric vehicle chargers. With the advanced technology, GME is setting new standards in providing DC-charging infrastructure and making EV-charging easier and more efficient for consumers than ever.
In line with the funds ambitiou
In an era where sustainability and conscious consumption have become paramount, instilling healthy and eco-friendly food habits in our youth is a mission of great significance. The Beezdorf Kitchen initiative, a collaborative effort by Greenman OPEN and yes&, continues to champion this cause with unwavering dedication. The recent event at Fuchsberg Elementary School in Berlin was a shini
Smart buildings, as opposed to mere data collectors, are the future of real estate because they offer dynamic, real-time adaptability.
By integrating and linking the many projects at our centres we will be able to take a step towards a building that can autonomously optimise energy consumption, lower operational costs, and enhance occupant comfort.
By making informed decisions about whe
Potager Farm, a vertical farming company and joint venture between the Greenman Group and Greenman OPEN, has started with the cultivation of its first produce at its farm in Berlin’s district of Marzahn-Hellersdorf last week. Various restaurants from Berlin will receive the harvest to test the products over a limited period of time. As part of the pilot project, the products grown for the very fir
Greenman OPEN and its sister company GFORM, which specialises in property and tenant management and manages the fund’s portfolio, announced today their plans for an extensive revitalisation of the retail centre Stadtgalerie Datteln in North Rhine-Westphalia. A key component of the redevelopment will be the positioning of a new grocery anchor as a tenant for the location.
Construction is targete
Achieving an Article 9 (dark green fund) status is not only about reporting obligations.
The benefits of Article 9 are in fact far reaching and have significantly positive implications for real estate activities. Financial impact can be seen in the access to “green loans” with more attractive financing terms; easier access to EU grants and tax incentives; and sustainability projects that improv
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
To create a smart building that not only operates sustainably and efficiently but that also creates links to its users (tenants, landlords, customers) requires many different touch points.
As part of the Greenman Group, Greenman OPEN leverages the skills and experience of the Group companies to integrate technology, data, and other projects into its retail buildings, all with the same objective
The educational initiative Beezdorf Kitchen continues to make a positive social impact by engaging with the local community and promoting biodiversity. This week, the fund’s daughter company yes& organised a further event at the Berlin Fuchsberg elementary school as part of the ongoing Beezdorf Kitchen event series.
The Beezdorf Kitchen initiative, funded by Greenman OPEN and operating unde
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
Plauen in Germany are currently undergoing extensive modernisation. In cooperation with its sister companies GFORM and White Bird, responsible for the technical asset management and construction works, is redeveloping different parts of the building to optimise the location with a focus on sustainability and efficiency.
As part of the refurbishment project, the glass roof of the centre is being
Greenman Energy have completed installation of their fist EV-charging stations at Mahlsdorfer Märkte, Berlin. The charging stations can charge an EV up to 80% in as little as 30 minutes ensuring users have time for a quick grocery shop in EDEKA before leaving.
The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in
Last week our daughter company yes& organised another enlightening event at the Berlin Fuchsberg elementary school as part of the Beezdorf Kitchen event series. Around 30 fifth-grade children embraced the opportunity to embark on a culinary adventure: The 6th event aimed to educate school children about the profound influence of food on our climate, supported children in developing a deep unde
