Greenman Open, a €1.26 billion German supermarket real estate fund, has warned its mainly Irish investors that people seeking to cash in now may not get full value if properties need to be sold.
The alert comes as the fund, which is backed by about 8,000 Irish investors, faced an uptick in redemption requests in the third quarter of this year.
This follows three developments: a delay in repayments due in July as the fund sought to preserve cash as it moved to a new system for investors to buy and sell units of the fund; Aviva removing the fund from a key investment platform; and several investor
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