• Buy-side
    2017
    Joint Venture

Client:Greenman

Action:Joint Venture

3rd Party:Quilvest Real Estate

Date:2017

Sector:Financial Institutions

Type:Buy-side

Financial Institutions

TENZING Partners a agi en tant que conseiller M&A exclusif de Greenman Investments dans la formation d’une joint-venture avec Quilvest Real Estate pour l’acquisition du centre commercial RheinBerg Passage auprès de MEAG, sécurisant ainsi un actif stratégique dans le secteur du commerce de détail à Bergisch Gladbach, en Allemagne.

Founded in 2005 and headquartered in Dublin, Greenman Investments is a leading real estate investment fund manager specializing in food-anchored retail properties across Germany. The firm focuses on generating stable, long-term income for investors by acquiring and managing retail parks, hybrid centers, and neighborhood shopping destinations.

Quilvest Real Estate, the real estate investment arm of Quilvest Private Equity, is an established global investor with a diversified portfolio across various asset classes. The firm has been actively expanding its presence in the German real estate market, with this acquisition marking its third investment in the country within the last 18 months.

Transaction Highlights

Completed on June 21, 2017, the acquisition of RheinBerg Passage was structured to:

Reposition the tenant mix, enhancing the focus on food retail and gastronomy to align with evolving consumer trends.
Leverage Greenman’s expertise in German retail real estate to enhance the property’s value and long-term performance.
Expand Quilvest Real Estate’s footprint in the German market through a strategic partnership with Greenman.
The 2007-built RheinBerg Passage is located at Johann-Wilhelm-Lindlar-Strasse 14 in Bergisch Gladbach, a city with strong purchasing power and a population of approximately 110,000 residents. Greenman and Quilvest plan to revitalize the property by attracting major food retailers, creating a more diverse grocery offering, and improving the overall shopping experience.

Tenzing Partners played a key role in structuring and facilitating the transaction, ensuring a smooth acquisition process and supporting the strategic growth of Greenman in the German retail real estate market.

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