Monday 23 October 2017

Greenman secures slew of H1 deals

Last month Greenman purchased the Kamen Quadrat supermarket in Germany
Last month Greenman purchased the Kamen Quadrat supermarket in Germany
Peter Flanagan

Peter Flanagan

Irish-led property fund Greenman Investments said it has locked in an acquisition pipeline worth close to €141m for the first half of 2016.

Greenman said the pipeline comprises eight retail real estate properties. They are all in Germany and are rented out to retailers with "outstanding" credit ratings, the firm said.

"Besides this locked-in pipeline Greenman has an extended pipeline of a further €200m," it said in a statement.

Greenman chief executive John Wilkinson commented: "The locked-in properties are characterised by stable long term cash-flows with excellent anchor tenants, in line with our core plus strategy."

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