GFORM, manager of Greenman OPEN’s (OPEN) portfolio one of the largest food-anchored retail real estate investment funds in Germany, announces the successful completion and handover of Greenman OPEN’s latest acquisition, a newly built EDEKA supermarket located in Freyburg, Saxony-Anhalt. The property, with a let area of approximately 2,515 sqm, is the newest addition to the fund’s growing portfolio and is part of OPEN’s commitment to sustainable and future-proof real estate investments as Europe’s largest Article 9 real estate fund.

This achievement marks a significant milestone for GFORM and its ongoing partnership with developer Schröder Holding. The asset, now DGNB Gold certified, aligns seamlessly with Greenman OPEN’s net-zero approach, ensuring sustainability, energy efficiency, and operational excellence.

Marwin Walterscheidt, General Counsel at GFORM, expressed excitement about the handover: “We anticipate taking over the management of this property which aligns perfectly with our vision for sustainable and community-centric real estate. Our goal is not only to ensure a seamless transition, but also to contribute positively to the local economy and foster a thriving retail environment, by showcasing our commitment to strong tenant relationships and expertise in real estate management. We extend our appreciation to Schröder Holding for facilitating a seamless transition and ensuring the timely handover of the property. We are very proud to also continue our successful and long-lasting partnership with EDEKA Minden-Hannover and look forward to further collaborations in the future.”

The handover of the property, one of three assets acquired in March 2023 for approximately €35 million, is part of the broader developer framework agreement signed between Greenman OPEN and Schröder Holding in 2021.

Hermann Schröder, CEO of Schröder Holding, explains: “We are delighted that, even in turbulent times, we were able to complete the asset as planned and can hand it over to EDEKA, as well as to our partner and real estate manager GFORM.” Dominik Oesch, CLO of Schröder Holding, adds: “The collaboration and our partnership with GFORM has been trustworthy at all times. The next joint projects are already in the pipeline.”

The EDEKA supermarket is planned to be equipped with sustainable energy solutions like roof solar and EV-hyperchargers in the future by GFORM’s sister company Greenman Energy. EDEKA has signed a 15-year lease with GFORM, who will manage the entire asset, together with its sister company White Bird, who will take over the technical management of the property.

© Photo Credits: Schröder Holding