Hansteen Holdings PLC, the commercial property REIT, was established by Ian Watson and Morgan Jones to take advantage of opportunities in industrial investment property in Europe.
Since its admission to AIM in 2005 and its subsequent move to the Official List of the LSE in 2009, Hansteen has carefully assembled an investment property portfolio across Europe in the Netherlands, Germany, Belgium, France and more recently the UK. In 2009 Hansteen Holdings launched Hansteen Property Unit Trust (the Fund) with £90 million of equity to invest in the UK.
Hansteen Holdings and the Fund have recently completed the acquisition of the Spencer Group of Companies for £150 million. The Spencer property portfolio comprises some 88 assets totalling 4.1 million sq ft of predominantly industrial property located across the UK. For a detailed summary of the acquisition please refer to our press centre.
The value of Hansteen's property portfolio (including the Fund) is appoximately £1 billion. Comprising some 2.4 million sq m of space with over 2,500 tenants, the portfolio is characterised by low capital values and rents, a high current yield of over 8% and a reversionary yield of 10%, reflecting the potential to add value.
Hansteen's operations are carried out through a focused and experienced in-house team based in strategic locations throughout the UK and Europe assisted by a number of professional property advisers and associates located in each of the countries in which it invests.
Hansteen is a member of the FTSE 250.
Disclaimer: The information about this Agent is provided by the Agent themselves as an advertisement for their agency services. Rightmove is not endorsing this Agent and makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove does not check or verify the accuracy of the content. The information is generated, provided and maintained by Hansteen, Newcastle. Please contact the Agent directly to obtain further information about their property services.