- February 1, 2012: Vol. 6, Number 2

To read this full article you need to be subscribed to Institutional Real Estate Europe

Hansteen Acquires UK Industrial Portfolio


Hansteen Holdings Plc and the Hansteen UK Industrial Property LP fund have acquired an 88-asset portfolio of predominantly industrial properties in the United Kingdom from The Spencer Group of Companies for £150 million (€182 million).

The overall portfolio comprises 381,000 square metres of space. Hansteen has acquired 44 of the properties, totalling 223,000 square metres, with a vacancy rate of 41.6 percent, for £75.2 million (€91.2 million). The Hansteen UK Industrial Property fund has acquired 44 of the properties, comprising 158,000 square metres, with a vacancy rate of 17.2 percent, for £74.8 million (€90.7 million). With this acquisition, the fund is now fully invested, with gross assets of £166 million (€201 million) and debt of £76 million (€92.2 million).


Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy