The Greenman Accelerate Fund is designed to produce predictable and consistent Investor Income while at all times taking precautions to protect investor funds.
T
he Greenman Accelerate Fund will become a part owner of a German Investment Vehicle which currently owns a portfolio of German Auto Repair Centres. Between September 2011 and September 2013 the Fund will provide loans of up to €17m to the German investment vehicle. These loans together with non-recourse bank debt of up to €17m will be used to create a portfolio with a value of between €53 and €55m. At that stage the Greenman Accelerate Fund would own 68% of the German Investment Vehicle.
The portfolio’s anchor tenants are dominant players in the German Auto repair and maintenance sector. Currently the anchor tenants are responsible for c77% of the portfolio’s rental income. Solvency reports prepared by Creditreform, Germany’s largest credit rating agency, indicate these tenant’s have a change of default of c0.36%.
The portfolio will be sold between September 2016 and March 2017 and all exit surpluses will be returned to investors. The Exit surpluses are targeted to produce an Investor return, (Combined Exit Return, CER), of between 10% and 12% PA. For detailed information about the Greenman Accelerate Fund
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