The Greenman AUTO fund builds/acquires properties for its portfolio which, at the end of its fund raising phase (March 2012), will be valued at up to €35m. This will be with a combination of €8m of investor equity and up to €27m of German sourced bank finance. 
                                          
Investors purchase shares in Greenman Investments SA a Luxembourg Limited company which in turns owns a number of German subsidiaries. At the same time Investors make non-recourse loans to Greenman Investments SA, which get used to fund the acquisition of the portfolio. Click here to view a map of the fund's investment structure                                               

Currently, the fund has a gearing ratio of 72% of the value of the properties (LTV) with a DSCR of 149%.

Operational costs for Q4 ‘09 and Q1 ’10 were equal to c.9.7% of the monthly rental incomes.

The fund’s monthly rental income is c€60,000/mth and it generates a monthly surplus equal to 23% of rental income.

The manager will use thes surpluses to provide a return to investors in the form of dividends. The fund will pay investors, providing certain criteria are met a dividend biannually.

If forecasts are met the annualised dividend will be equal to an investor return of 6.3%.

The properties in the portfolio will be sold between 2014 and 2016 and depending on the value of the properties at sale the investors can expect an annualised return of between 6.3% and 13.4%.

An investment in the Greenman AUTO Fund is ideally suited for the following investors:

Private investors making Cash Investments
Company directors with Small Self administered pension (SSAP’s)
Owner/managers with Small Self administered pension (SSAP’s)
Self Employed individuals with Self Invested Personal Pensions (SIPP’s)
Self directed Approved Retirement Fund (ARF’s)
Self directed Approved Minimum Retirement Fund (AMRF’s)
UK originated SSAS's and SIPP's
Company funds

The minimum investment amount per shareholder will be €50,000. Further details about Greenman’s investment model and expected returns are available from Greenman’s portfolio manager directly by clicking here