Hansteen Holdings

Last updated
Hansteen Holdings plc
Company type Public
LSE:  HSTN
Industry Property
Founded2005
Headquarters,
UK
Key people
James Hambro (Chairman)
Morgan Jones and Ian Watson (Joint CEOs)
Revenue £112.6 million (2016) [1]
£140.9 million (2016) [1]
£109.5 million (2016) [1]
Website www.hansteen.co.uk

Hansteen Holdings plc is a European industrial REIT that invests in properties with high yields, low financing costs and opportunities for value improvement across the Netherlands, Germany, Belgium, France and the UK. It is listed on the London Stock Exchange.

Contents

History

The company was founded by Morgan Jones and Ian Watson in 2005 to exploit the industrial property investment market in Continental Europe. [2] It was admitted to the Alternative Investment Market in November 2005, raising £125 million. [2] 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 REIT shortly thereafter. [2]

In December 2019, it was announced that funds advised by The Blackstone Group would buy the company for £500 million. [3]

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. [4] 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 [5] and the acquisition of the 1,200,000 sq ft (110,000 m2) multi-sector Kilmartin portfolio of UK properties for £80.37 million. [6] The Company's investment portfolio was valued at £1.7 billion as at 31 December 2016. [1]

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References

  1. 1 2 3 4 "Preliminary Results 2016" (PDF). Hansteen Holdings plc. Retrieved 21 April 2017.
  2. 1 2 3 Hansteen: Prospectus
  3. "Private Equity Firm Blackstone To Buy Hansteen For GBP500 Million". Morning Star. 18 December 2019. Retrieved 1 February 2020.
  4. Hansteen launches £180m industrial property fund Property Week, 3 August 2009
  5. Hansteen's German triumph Investors Chronicle, 17 March 2010
  6. Hansteen buys Kilmartin portfolio Property Week, 24 August 2010