HSH Nordbank finances Greenman with EUR 173,500,000
Frankfurt, 15 January 2018. HSH Nordbank is providing a credit facility of €173.5m to retail asset investor Greenman.
The state bank is to provide the retail fund “Greenman OPEN”, with a €153.5m 10 year term loan for a portfolio initially set to consist of up to 23 properties. Additionally HSH is giving Greenman a €20m line of credit to finance acquisitions. The Greenman OPEN fund invests in food dominated retail parks, hybrid retail centers and supermarkets. Greenman was supported by ACXIT Capital Partners for the financing.
ABOUT GREENMAN INVESTMENTS
Established in 2005, Greenman Investments (“Greenman”) is a real estate investment manager with offices in Dublin, Luxembourg and Berlin. Greenman structures funds under its Luxembourg SICAV platform for Irish private wealth investors and international institutional investors. Greenman focuses on specialist food dominated retail parks (known as “Fachmarktzentren”) and retail centres in Germany, with well-known food retailers as the main tenants. Greenman currently manages a portfolio of around €527m comprising of 62 assets with a total rental space of some 279,000 square metres throughout Germany. (www.greenman.com)
ABOUT HSH NORDBANK
Headquartered in both Hamburg and Kiel but with offices in most major German cities, HSH Nordbank is amongst the largest real estate lenders in Germany. (www.hsh-nordbank.com)
ABOUT ACXIT
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France, China and India. (www.acxit.com)
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