NAV, Audit and Distributions Update
Greenman OPEN update on the status of the NAV finalisation, annual audit and distribution timeline.
Greenman OPEN update on the status of the NAV finalisation, annual audit and distribution timeline.
Welcome to the latest Greenman OPEN Monthly Update, marking our entry into the second quarter of 2026. This edition highlights our operational developments across the portfolio for Q1 2026.
OPEN's Operational Performance Q1 2026 portfolio operations proceeded as scheduled across all investment zones, with day-to-day property management, tenant relations, and maintenance programmes continuing w
This is the fourth of our monthly updates that we have committed to providing during OPEN’s gating period.
OPEN’s Operational Performance The underlying portfolio of OPEN continues to perform well in line with sector standards. Business operations continue as usual across OPEN’s portfolio, with ongoing progress across each of OPEN’s investment zones.
Real Assets The underlying real estate
OPEN’s Operational Performance
OPEN's underlying portfolio continues to perform well. Occupancy remains high at 93% (well ahead of the broader European retail average of c. 80%). The Weighted Average Remaining Lease Term (WARLT) stands at a strong 8.66 years (significantly exceeding the industry norm of c. 6 years for comparable retail assets).
Project HEIKO, OPEN’s strate
This is the second of our monthly updates that we have committed to providing during OPEN's gating period. Our aim is to deliver clear information on two fronts: the process to address liquidity and the ongoing operational performance of the portfolio.
Update on Liquidity Process
The planned disposal of a portfolio comprising 14 properties continues on schedule. To date we have received 10 o
The General Partner of the Greenman OPEN Fund, in consultation with the AIFM, is implementing certain measures following a “Minded-to” letter issued by the Central Bank of Ireland on 18 December 2025.
After considering the contents of this letter, the General Partner has approved the implementation of the measures set out below in order to achieve the intended outcome of the direction proposed
As the year draws to a close, all of us at Greenman OPEN would like to extend our wishes for a peaceful and warm festive season to our investors, advisors, and partners.
This is the first of our monthly updates that we have committed to providing during the fund's gating period. Our aim is to provide clear information on two fronts: the process to address liquidity and the ongoing operational performance of the portfolio.
Rental income, strategic projects, and asset management proceed uninterrupted during redemption gate period.
While Greenman OPEN has implemented a temporary gate on redemptions to manage liquidity, the fund’s underlying business and portfolio continue to perform uninterrupted and remain robust.
The resilience of the Grocery-Anchored real estate sector and the active management of the portfol
Greenman OPEN has entered a redemption gate period, as provided for in the fund's Prospectus.
This decision was taken by the Alternative Investment Fund Manager (AIFM) in response to a sustained period of elevated redemption requests, largely driven by a cohort of investors reaching the end of their initial commitment periods. The gate is a temporary measure designed to ensure the fair treatmen
When assessing a real estate fund, most investors rightly focus on yield, risk and asset quality. But there’s a powerful, often overlooked metric that speaks volumes about a portfolio’s stability and future income: WARLT.
WARLT stands for Weighted Average Remaining Lease Term. In simple terms, it tells you the average amount of time left on the leases in a property portfolio, weighted by the re
At Greenman OPEN, our primary commitment has always been to act in the best long-term interests of all our investors.
In Q3 2025, the fund received a higher-than-usual volume of redemption requests. To ensure these exceptional outflows do not negatively impact the value of the investment for the vast majority of shareholders who remain with the fund, we are introducing a Fair Treatm