Real estate investment manager Greenman has acquired €143m worth of food properties for its OPEN fund. The company picked up four MIOS centers from EDEKA MiHa for €25m through a sale and leaseback transaction, and a portfolio containing 29 EDEKA MiHa supermarkets worth €118m. The value of assets in the Greenman OPEN portfolio now stands at €570m. “Our latest purchases for the Greenman OPEN fund complement our existing portfolio of food-dominated retail stores across Germany,” said Johnnie Wilkinson, CEO and executive director of Greenman investments. “This is our 4th sale and leaseback transaction with EDEKA MiHa and we look forward to developing our long-standing relationship with EDEKA and maximising the potential of this portfolio in the coming years.”
