Hansteen Holdings plc is a European industrial

REIT A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping ce ...

that invests in properties with high yields, low financing costs and opportunity for value improvement across the

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and

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. It is listed on the

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History

The company was founded by Morgan Jones and Ian Watson in 2005 to exploit the industrial property investment market in Continental Europe.Hansteen: Prospectus
/ref> It was admitted to the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows ...

in November 2005, raising £125 million. In October 2009 it raised a further £200.8 million by way of a Placing and Open Offer and moved to the Official List, converting to a

shortly thereafter. In December 2019, it was announced that funds advised by

The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ...

would buy the company for £500 million.

Operations

In August 2009 Hansteen launched Hansteen UK Industrial Property Unit Trust (HPUT), a vehicle with up to £180 million to invest in UK industrial property with a value of £15 million or less, or portfolios under £30 million. In 2010 Hansteen increased its portfolio to 189 assets with a value of around £721.9 million through the acquisition of a German industrial property portfolio from HBI for approx. €330 million and the acquisition of the multi-sector Kilmartin portfolio of UK properties for £80.37 million.Hansteen buys Kilmartin portfolio
Property Week, 24 August 2010 The Company's investment portfolio was valued at £1.7 billion as at 31 December 2016.

References

External links

Official site
{{Authority control Companies listed on the London Stock Exchange Real estate companies established in 2005 Property companies based in London Real estate investment trusts of the United Kingdom