The Greenman Group has announced the launch of Gform, a commercial real estate and financial management platform focused on grocery-anchored real estate in Germany.
Headed by James McEvoy, CEO, and Maren Große-Löscher, CFO, who have both worked for Greenman for more than eight years, Gform will grow its €1.08 bn of assets under management from the Greenman Open fund with the addition of mandates from third party investment and fund managers that currently own assets in Germany or with aspirations to build a portfolio of grocery-anchored assets in the country.
The team at Gform has a strong track record of managing and operating assets occupied by well-known retailers, such as Edeka, Kaufland, Rewe, Lidl and Aldi.
Gform’s offering will go beyond that of a typical asset manager, with the services offered including performance analysis, leasing, rent collection, side-cost accounting, as well as aspects of financial management, including business planning, forecasting, and bookkeeping.
The platform will work closely with some of the other Greenman Group businesses, including White Bird, which will manage the technical asset management aspects of building maintenance and repairs, and Greenman Energy to install and run renewable energy schemes including photovoltaic panels and electric vehicle charging points across suitable assets, providing a comprehensive suite of real estate services.
Commenting on the launch, James McEvoy, CEO of GFORM, said: 'The grocery-anchored real estate sector proved its resilience during the pandemic, establishing itself as a stable real estate asset class against a background of structural change across the industry and ongoing volatility caused by multiple economic shocks. As we look to the future of the sector from an investor’s perspective, the focus for real estate managers will be on ensuring the longevity and sustainability of assets well into the future.'
Gform has a team of 25 operating out of Berlin.