Elvinger Hoss Prussen advised Premier Benchmark Property LTD T/A Greenman Investments (“Greenman”) in connection with the conversion of their existing Luxembourg specialised investment fund to a Luxembourg Part II Fund open to retail investors which also qualifies an evergreen ELTIF with quarterly redemptions being available.
Greenman Investments SCA, SICAV is amongst the first European Long Term Investment Funds (ELTIFs) in Luxembourg with a real estate strategy that are open to retail investors and whose sub-funds have been created for an unlimited period of time with regular redemptions being possible. The sub-funds furthermore qualify as article 9 under SFDR.
Greenman Investments established in 2005 to provide access to Irish investors to core – core+ real estate investment opportunities initially in Germany and latterly on a pan European basis. Greenman sees as its core objective the maximisation of investor value over the long term and in 2012 the investment focus narrowed to grocery anchored real estate, a market which had the scale and strong fundamentals to help achieve that objective.
The team was led by Partner Thomas Göricke and counsel Jérôme Mausen.
