Hansteen surges as it agrees ?500m takeover
18th Dec 2019 10:11
(Sharecast News) - Hansteen shares surged on Wednesday after the real estate investment trust agreed to be taken over by Potter UK, an affiliate of private equity firm Blackstone Group, in a £500m deal.
Read moreHansteen buys property portfolio from M&G for ?12m
20th Nov 2019 15:23
(Sharecast News) - Industrial property investor Hansteen has bought a portfolio of seven multi-let, urban industrial estates on Newton Aycliffe Industrial Estate in County Durham from M&G for £12m.
Read moreThursday broker round-up
28th Mar 2019 12:36
(Sharecast News) - British American Tobacco: Citigroup upgrades to buy with a target price of 3,600p.
Read moreHansteen announces GBP86.5m of property disposals
24th Dec 2018 09:26
(Sharecast News) - Industrial property investor Hansteen has simultaneously exchanged contracts and completed the sale of 22 properties for £67.9m in cash to a wholly-owned subsidiary of Stenprop Limited.
Read moreWednesday broker round-up
22nd Aug 2018 11:52
(Sharecast News) - Lancashire Holdings: Berenberg upgrades to hold with a target price of 600p.
Read moreHansteen reports on solid first half
22nd Aug 2018 10:49
(Sharecast News) - Urban multi-let industrial property investor Hansteen issued its half-year results for the six months ended 30 June on Wednesday, reporting an increase in IFRS profit to £29.2m from £13.3m a year ago.
Read moreHansteen makes all cash offer for IMPT
17th Feb 2017 07:27
(ShareCast News) - Hansteen said on Friday it had agreed a recommended all cash offer to buy Industrial Multi Property Trust (IMPT) for £25.2m. IMPT Shareholders will receive 300p in cash per share a 22.4% premium over Thursday's closing price of 245p. The company's independent directors have recomm
Read moreHansteen upbeat as vacancy rates reduce
5th Dec 2016 07:45
(ShareCast News) - UK and continental Europe property investment company Hansteen Holdings announced a portfolio update for the period from 1 July to 30 November on Monday. The FTSE 250 firm said during the period, it completed 836 new leases or lease renewals for more than 4.3 million sq ft of spac
Read moreJP Morgan initiates Hansteen at 'neutral'
14th Oct 2016 09:14
(ShareCast News) - JP Morgan Cazenove has initiated coverage of property investor Hansteen with a 'neutral' rating and target price of 125p. The investment bank said it expects Hansteen to benefit from stable property values and rents along with the recent weakness in the pound. JP Morgan predicts a
Read moreHansteen reports drop in first half profits
23rd Aug 2016 07:33
(ShareCast News) - Hansteen Holdings posted a drop in earnings in the first half on Tuesday, blaming tough comparatives in the same period a year earlier. The investor in UK and continental European industrial property said pre-tax profit fell to £54.8m in the six months to 30 June from £103.7m the
Read moreHansteen buys remaining AIF units for £39.5m
26th Jul 2016 08:38
(ShareCast News) - Investment company Hansteen Holdings has bought the further 86.5m units in Ashtenne Industrial Fund (AIF) that it did not already own for £39.5m and refinanced its UK and France portfolio. Hansteen bought the remaining units from the British Airways Pension Trustees, the Royal Lon
Read moreHansteen buys 66.7% of Ashtenne Industrial Fund
18th Jul 2016 07:30
(ShareCast News) - Property investment company Hansteen Holdings has bought 66.7% of the share capital of Ashtenne Industrial Fund (General Partner) from Norwich Union for £120,000 in cash. Hansteen now owns 100% of the General Partner and has upped its interest in Ashtenne Industrial Fund Limited P
Read moreHansteen refinances Dutch light industrial portfolio
13th Jul 2016 07:51
(ShareCast News) - UK and continental Europe property investment company Hansteen Holdings announced on Wednesday that it has refinanced two loans secured against its Netherlands light industrial property portfolio, with a single loan totalling €145m. The FTSE 250 firm said this resulted in a reduct
Read moreHansteen buys £5.6m of AIF units
25th Apr 2016 12:13
(ShareCast News) - FTSE 250 property investment company Hansteen Holdings has acquired a further 12.4m units in the Ashtenne Industrial Fund from Nortrust Nominees Limited for £5.6m in cash. The acquisition, which reflects a price per unit of 45.49p, represents 2.1% of the units in issue and brings
Read moreBroker tips: Next, Lamprell, Hansteen
29th Mar 2016 13:52
(ShareCast News) - Deutsche Bank upgraded Next to 'buy' from 'hold' but cut the price target to 6,850p from 7,200p following the company's full year results last week. It said the 15% drop in the share price leaves Next on a 7% discount to the sector which seems like an over-reaction. DB said that
Read more