Hansteen 2016 outlook uncertain, says Numis
29th Mar 2016 10:26
(ShareCast News) - The outlook for industrial property investor Hansteen in 2016 is uncertain, according to Numis. The full year 2015 results saw the completion of its 2012 to 2015 long term incentive plan (LTIP), bringing a payout of £51m to the two chief executives. Capital values achieved a r
Read moreSector movers: Sentiment cools towards homebuilders
18th Mar 2016 21:40
(ShareCast News) - Homebuilders were under the cosh at the end of the week, dragged lower by a negative reaction to the latest trading statement out of Berkeley Group. Analysts at Shore Capital and Numis described the company´s IMS as "solid" and "good", respectively, with the company apparently on
Read moreHansteen profits surge as property market 'plays to our strengths'
15th Mar 2016 07:48
(ShareCast News) - Industrial property investor Hansteen lifted full year profits 30.6% to £171.4m and said conditions in European markets remained ripe for it to continue to grow earnings. Net asset value grew 9% to 111p after dividend payments of 8.1p per share, which included a special dividend o
Read moreHansteen lifts stake in AIF to 82%
15th Feb 2016 07:54
(ShareCast News) - Hansteen, the UK and continental European property investment company, said it had bought another 5.5m units in the Ashtenne Industrial Fund (AIF) from clients of CBRE Investors for £2.5m in cash. The move lifts Hansteen's stake in AIF to 82.8%. AIF owns some 12m sq ft of multi-l
Read moreHansteen buys £15.4m of AIF units
22nd Dec 2015 07:44
(ShareCast News) - Property investment company Hansteen has acquired a further 31.6m units in the Ashtenne Industrial Fund (AIF) from Britel Fund Trustees Limited for £15.4m in cash, reflecting a price per unit of £0.4869. The price represents an effective 5% discount to Hansteen's carrying value fo
Read moreLondon pre-open: Stocks seen higher on upbeat US cues; borrowing figures in focus
22nd Dec 2015 07:38
(ShareCast News) - London stocks are set to open higher on Tuesday, taking their cue from a positive session in the US, where the Dow rose 123 points. Stabilising commodity prices are also expected to help the tone. London's FTSE 100 is seen starting 39 points higher than Monday's close at 6080. "
Read moreNew directors appointed to Hansteen board
1st Oct 2015 07:35
(ShareCast News) - Hansteen Holdings has appointed Margaret Young and David Rough to the board effective Thursday. It follows the retirement of Richard Cotton from the FTSE 250 listed company's board on Wednesday. Young has more than 15 years of board experience across the logistics, financial serv
Read moreHansteen buys two UK industrial assets for £41.1m
23rd Sep 2015 07:34
(ShareCast News) - Property investor Hansteen Holdings has acquired two UK industrial assets in Derbyshire and the North East of England for a combined price of £41.1m. The company has exchanged contracts to acquire West Hallam Industrial Estate from DV4 Properties West Hallam Ltd, an SPV which owns
Read moreHansteen opts to raise funds as profit soars
27th Aug 2015 07:58
(ShareCast News) - Industrial property investor Hansteen said pre-tax profits rose by 55.5% in the first half of the year, to £103.7m from £66.7m, off stronger property valuations. Hansteen's property portfolio valuation increased by 7.8%, or by £87.6m during the period. Revenues were lower at £42.
Read moreHansteen Holdings acquires 13 properties in Germany
27th May 2015 08:07
Real estate investment trust Hansteen Holdings has bought 13 German-based properties for €21.7m (£15.4m) from Benelux Industrial Partners. In a statement on Wednesday, the FTSE 250 group said the deal, which is expected to be completed in June, includes ten properties located in the North-Rhine West
Read moreHansteen sells property trust for £192m
13th May 2015 08:04
Property investment group Hansteen Holdings has completed the sale of its UK Industrial Property Unit Trust II for £192.1m. In a short statement released on Wednesday, the FTSE 250 group said the fund, a UK multi-let predominantly industrial property portfolio launched in 2013, was sold to a fund ad
Read moreFTSE 250 movers: Pace rockets after Arris offer, oil and energy stocks higher
23rd Apr 2015 13:31
Pace, the UK cable television set-top box maker, surged after agreeing to be taken over by US telecommunications equipment manufacturer Arris in a $2.1bn deal. Pace management have agreed that Arris will pay Pace shareholders 426.5p in cash and stock, a 28% premium to the closing price on Wednesday.
Read moreHansteen doubles annual pre-tax profit, lifts dividend
9th Mar 2015 07:55
Strong UK sales saw real estate investment trust Hansteen Holdings double its pre-tax profit in 2014. The FTSE 250 group said annual pre-tax profit, boosted by gains on property sales, increased 100.9% to £131.2m, while its normalised income profit rose 22.3% to £48.2m. Hansteen said it had made £3
Read moreHansteen increases stake in industrial property portfolio
23rd Feb 2015 09:57
Hansteen has bought a further 24.2m units in the Ashtenne Industrial Fund (AIF) for £11m. The company's UK and Continental European property investment business has increased its stake in AIF to 40.8%. AIF owns 13.6m sq ft of multi-let industrial properties in the UK. At 30 June 2014, the portfolio
Read moreHansteen to receive £43.9m for 11 UK-based assets
18th Dec 2014 07:02
Property investment group Hansteen has completed the sale of 11 UK assets from the Ashtenne Industrial Fund, in which it has a 36.7% interest, for a combined price of £43.9m. The company added it had completed the divestment in three separate transactions, receiving £32m for the largest asset, a 48-
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