Most investors judge the strength of retail real estate by looking at tenant names, locations, or yields. These factors matter. But they don't always show whether a tenant's income is sustainable or whether a store is likely to remain profitable over time.
There is another indicator that can often provide deeper insight into the strength of a grocery property's income: how comfortably the tenan
Welcome to the latest Greenman OPEN Monthly Update, marking our entry into the second quarter of 2026. This edition highlights our operational developments across the portfolio for Q1 2026.
OPEN's Operational PerformanceQ1 2026 portfolio operations proceeded as scheduled across all investment zones, with day-to-day property management, tenant relations, and maintenance programmes continuing wit
European investors are increasingly redirecting capital towards essential real estate and infrastructure as part of a broader re-shaping of portfolios. Equity markets remain sensitive to monetary policy shifts, and global portfolios carry currency risk – particularly for investors holding US-dollar assets. Against this backdrop, tangible assets embedded in the European economy are attracting renew
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
OPEN’s Operational Performance
OPEN's underlying portfolio continues to perform well. Occupancy remains high at 93% (well ahead of the broader European retail average of c. 80%). The Weighted Average Remaining Lease Term (WARLT) stands at a strong 8.66 years (significantly exceeding the industry norm of c. 6 years for comparable retail assets).
Project HEIKO, OPEN’s strategic
This is the second of our monthly updates that we have committed to providing during OPEN's gating period. Our aim is to deliver clear information on two fronts: the process to address liquidity and the ongoing operational performance of the portfolio.
Update on Liquidity Process
The planned disposal of a portfolio comprising 14 properties continues on schedule. To date we have received 10 o
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
At Greenman OPEN, our primary commitment has always been to act in the best long-term interests of all our investors.
In Q3 2025, the fund received a higher-than-usual volume of redemption requests. To ensure these exceptional outflows do not negatively impact the value of the investment for the vast majority of shareholders who remain with the fund, we are introducing a Fair Treatment Princi
For many people in Ireland, finding ways to make savings work harder than they do in a low-interest bank account or traditional pension fund has been difficult.
That’s now beginning to change. A new European investment framework, ELTIF 2.0, is opening doors to a broader range of long-term, growth-focused investments that were previously available only to institutions or very weal
When assessing a real estate fund, most investors rightly focus on yield, risk and asset quality. But there’s a powerful, often overlooked metric that speaks volumes about a portfolio’s stability and future income: WARLT.
WARLT stands for Weighted Average Remaining Lease Term. In simple terms, it tells you the average amount of time left on the leases in a property portfolio, weighted by the re
Making Your Money Work: A Simple Guide to Growing Your Wealth in Ireland
Between raising a family, managing a mortgage, and planning for the future, it’s easy to put investing on the long finger. But as the cost of living rises and savings rates remain modest, many people in their 30s, 40s, and 50s are starting to ask: Is there a smarter way to grow my money?
The good news is, yes. Th
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,
In a world of geopolitical tension, market volatility, and shifting monetary policy, investors are searching for stability. The Emerging Trends in Real Estate 2025 report by PwC and ULI noted that the priority is now investing in markets “where things feel safe or safest”.
In Europe, that focus is increasingly directed at one destination: Germany.
But what makes it a true “safe haven”?
In a world where uncertainty looms and markets fluctuate, one thing remains constant: people need to eat. Grocery stores serve as the backbone of our daily lives, providing not just food but also a sense of community and convenience. If you’re considering your next investment move, why not focus on German grocery real estate? With its blend of necessity and stability, this market offers a promisin
According to a recent Irish Times report, Irish citizens are among the least likely in Europe to invest their savings. Despite having significant capital on hand, most people are not putting it to work in long-term assets or growth-oriented products.
In Ireland, there is now more money sitting in savings than in the entire pensions market. There is clearly no shortage of capital, but there
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
On May 1st, financial advisors from across Ireland gathered at the beautiful Glasson Lakehouse resort for OPEN INVEST 2025—an event that marked Greenman’s 20th anniversary and looked ahead to the future of long-term investment in Ireland.
The day opened with a keynote from Minister Jack Chambers, who addressed the Government’s strategy to increase retail participation in capital markets. His re
Greenman OPEN has received approval to redevelop Stadtgalerie Datteln, a shopping centre in its portfolio located in North Rhine-Westphalia, Germany.
This planning milestone paves the way for a complete upgrade of the centre, focused on future-proofing the building and delivering long-term value to the community it serves.
The redevelopment is being delivered by Greenman Group subsidiaries.
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
Greenman is delighted to announce that our flagship fund, Greenman OPEN, has successfully been converted into an ELTIF under the new ELTIF 2.0 framework marking a new chapter for the fund. Below, we outline what has changed:
What is an ELTIF?
A European Long-Term Investment Fund (ELTIF) is a regulated investment framework introduced by the European Union in 2015. It was created to channel lo
