Since 2005 Greenman has evolved into a market-leading, sector specific, real estate investment fund manager. We have shown our commitment to our sector, our tenants and our people and have continued to deliver long-term, sustainable income to our investors.
2005
2005:
€0.5m AUM
Greenman was formed to acquire, develop, manage and sell German real estate.
2008
2008:
€10m AUM
Greenman AUTO, our first closed-end Luxembourg seated collective investment scheme was launched to assemble a portfolio of newly constructed German auto service centres.
2011
2011:
€15m AUM
Greenman ACCELERATE, our second closed-end real estate fund is launched and approved for investment via Friends First’s SDIO platform.
2013
2013:
€76m AUM
Greenman RETAIL, our third closed-end real estate fund, with a focus on food retail centres in Germany, is oversubscribed.
2014
2014:
€104m AUM
Greenman becomes the first Irish owned investment fund manager authorised as an alternative investment fund manager and use our passport to provide AIFM services to EU seated AIFs.
Greenman Investments S.C.A. SICAV-FIS is authorised by the CSSF as an umbrella fund and immediately opens its first segregated compartment, Greenman Retail+.
Greenman opens our first German office in Berlin.
2015
2015:
€169m AUM
Greenman originates a sale and leaseback deal to acquire 28 food retail stores and Fachmarktzentrum from EDEKA-Hannover Minden as a joint venture with a German listed real estate fund.
2016
2016:
€461m AUM
Greenman Income PRO launches with €31m of equity, acquiring two hybrid centres in Berlin and near Hamburg. It is Greenman’s first “own account” managed via Greenman Investments S.C.A. SICAV-FIS, on behalf of RiverCrossing, a Sharia compliant Middle Eastern investor.
In December 2016 Greenman RETAIL+ was converted into an open-ended structure called Greenman OPEN. This fund allows investors the flexibility to enter and exit the fund at a time of their choosing.
2017
2017:
€537m AUM
At the end of 2017 Greenman OPEN successfully completed the merge of assets from closed end funds AUTO, ACCELERATEand RETAIL. Greenman OPEN, post merger, consists to 25 properties with a volume of €295m generating over €16m in rent a year.
In December 2017 Greenman gained HSH Nordbank as a long-term financing partner. The bank is providing a term loan facility of €153.5m over 10 years to Greenman OPEN.
2018
2018:
€657m AUM
Greenman OPEN acquires the Biesdorf Centre in Berlin, it’s largest single asset transaction to date with an investment volume of c.€79m.
Greenman opens our 2nd German office in Frankfurt.
2019
2019:
€695m AUM
Greenman’s flagship fund, Greenman OPEN, becomes the largest food-retail focused fund in Germany with a GAV of €594m generating €31m in rent a year.
The Greenman Group is formed.
2020
2020:
€880m AUM
The Greenman Group acquired DINAMIK, a Luxembourg fund administrator that not only serves to complement Greenman’s business, but also builds on the Groups position as a partner for pan-European real estate investments.
2021
2021:
€1.01bn AUM
In 2021 Greenman completes its first tenant framework agreement with Kaufland. The terms of the agreement include new 15 year leases across 5 centres in the Greenman OPEN portfolio increasing the portfolio’s WARLT by 15% and bringing the rent to term for the 5 centres to €73m.
Greenman OPEN achieves an AUM of over €1 billion.
