Thursday 19 January 2017

Greenman puts €10.5m into German property

Published 25/05/2011 | 05:00

Irish commercial property fund Greenman Auto Fund is investing €3.75m in a property in Berlin and has also agreed to purchase a €6.75m property near the city centre in Hannover, Germany.

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An auto service centre will be developed on the 1.5 acre Berlin site by the end of this year and segments of the centre have been pre-let to three tenants who specialise in car parts, car wash and windscreen replacement.

It will be Greenman Auto's seventh property.

John Wilkinson, joint managing director of Greenman, said: "the strength of the German auto sector added to the might of the German economy provides our investors with a stable, sustainable and largely predictable investment return."

Peter O' Reilly is the other managing director of the fund.

Irish Independent

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