Greenman Accelerate owns a sizable portfolio of German auto service centres. The centres are let on long term leases to market leading tenants, generating a large annual rental income. The portfolio’s anchor tenants are dominant players in the German auto service sector and are currently responsible for c.80% of the portfolio’s rental income. Solvency reports prepared by Creditreform, Germany’s largest credit rating agency indicate tenants have an average change of default of c. 0.36%.
The portfolio will be offered for sale between September 2016 and March 2017 and all exit surpluses will be returned to investors.
Greenman Accelerate is closed for investment.