About 
Greenman NEXT

NEXT is a European Long-Term Investment Fund (ELTIF), which is a regulated EU investment fund designed to give both retail and professional investors access to private market assets such as infrastructure, private equity, and real estate, supporting sustainable, long-term economic growth.

NEXT invests in grocery-anchored real estate and complimentary real estate related investments located in Europe, providing a direct investment solution to any investor searching for tangible assets located in stable markets. 
NEXT’s Operational Strategy includes:

Investing in Supermarkets

Delivering 100% of rent from Grocery.

Sale & Lease Back Transactions

Delivering framework lease agreements.

Euro-denominated Lease Contracts

Even in non-Eurozone countries.

Journey to Smart Automated Buildings

Installation of smart monitoring IOT devices leading to full automation by 2030.

Investing for the Long-Term

NEXT has a tailored, sector-specific real-asset portfolio which directly hedges against deglobalisation, currency volatility, and climate risk. It offers a level of diversification, income stability, and long-term alignment.

Managed by Greenman Investments, a fund manager who has over twenty-years track record actively managing real estate investment funds and backed by a Group with specialities in property & tenant relationship management, utilities, and data. Properties located in Poland are managed by Greenman Poland, highly experienced property & asset managers & developers in the Polish convenience retail sector.

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Investing for Long Term
Europe’s Essential Grocery Sector 

Europe’s Essential Grocery Sector

Investing in NEXT gives investors access to Europe’s grocery sector which represents one of the most resilient, essential, and consistently performing areas of real estate investment. Driven by everyday consumer needs, grocery retail provides an investment opportunity that performs well during periods of volatility. These highly creditworthy tenants provide investors with stable income streams and long-term growth.

€1 trillion in grocery sales across EUROPE (2024)

Brick-and-mortar is dominant as grocery shoppers prefer to shop in-store

Long-term CPI-linked leases with Europe’s top grocery chains

Protected asset value due to high barriers to entry for new grocery competition

Want to learn more about the grocery retail market in Europe?

Download the Appetite for Insights 2025 report

Greenman NEXT At A Glance

Formed

2021

Type of Fund

Luxembourg seated open-ended ELTIF

Alternative Investment Fund Manager

Greenman Investments, an AIFM regulated by the Central Bank of Ireland

Fund Administrator

DINAMIK

SFDR Classification

Article 9 – Sustainable Investment Fund

Geographic Activity

All EU Member States

Investment Strategy

Investing in Europe’s grocery distribution sector via 4 zones of Investment: Real Estate, Utilities, Networks, and Resources

Available for Investment by

Institutional, pension funds and Retail Investors

Minimum Investment Term

3 or 5 years depending upon share class selection. Recommended holding period of 7+ years

Minimum Investment Amount

€1,500

Target Investment Return

7-9% per annum assuming an investment term of a minimum of 5.5 years

Fee Structure

Access NEXT’s Schedule of Charges

Important notice

Greenman NEXT is a long-term, evergreen investment with no capital guarantee. Capital is locked for an initial period (3-5 years). Returns are not guaranteed, and you could lose some or all of your investment. This is not investment advice. Prospective investors must read the Key Information Document (KIID) and full Prospectus, available via the GM NEXT mobile app, and consider seeking independent financial advice to ensure this product is suitable for them.

Greenman Next

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Want to know more about NEXT?

Get a personal introduction to Greenman NEXT with one of our team

NEXT is managed by Greenman Investments, a Fund Manager, regulated by the Central Bank of Ireland. Greenman Investments has over twenty-years track record actively managing real estate investment funds and backed by a Group with specialities in property & tenant relationship management, utilities, and data.