German food-retail real estate fund manager Greenman has added €112m worth of assets to its portfolio.
The manager said the Greenman OPEN fund has agreed to buy 5 food-anchored retail properties, a deal which increases the fund’s portfolio value to €707m.
The acquired assets comprise a portfolio of 5 Kaufland-anchored properties with a total lettable area of 71,400sqm in North-East Germany.
James McEvoy, head of acquisitions for Greenman, said: “By acquiring these, recently unloved, centres and extending our relationship with Kaufland we look forward to solidifying these centres’ position in their catchment for the long term.”
