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{{Infobox Company
{{Infobox company
|company_name = Hansteen Holdings plc
|name = Hansteen Holdings plc
|company_logo = [[File:Hansteenlogo.png|200px]]
|logo = Hansteenlogo.png
|logo_size = 200px
|company_type = [[Public company|Public]] ({{lse|HSTN}})
|type = [[Public company|Public]]
|traded_as = {{lse|HSTN}}
|foundation = 2005
|foundation = 2005
|location_city = [[London]]
|location_city = [[London]]
|location_country = [[United Kingdom|UK]]
|location_country = [[United Kingdom|UK]]
|key_people = James Hambro ([[Chairman]])</br>Morgan Jones and Ian Watson(Joint [[chief executive officer|CEO]]s)
|key_people = [[James Hambro]] ([[Chairman]])<br>Morgan Jones and Ian Watson (Joint [[chief executive officer|CEO]]s)
|industry = [[Property]]
|industry = [[Property]]
|products =
|products =
|revenue = [[Pound sterling|£]]112.6 million (2016)<ref name=prelims>{{cite web|title=Preliminary Results 2016|publisher=Hansteen Holdings plc|url=http://www.hansteen.co.uk/~/media/Files/H/Hansteen/2016-12%20Hansteen%20Full%20Year%20Results.pdf|access-date=21 April 2017}}</ref>
|market cap =
|revenue = [[Pound sterling|£]]77.3 million (2012)<ref name=prelims>{{cite web|title=Preliminary Results 2012|publisher=Hansteen Holdings plc|url=http://www.hansteen.co.uk/PDFs/Hansteen-Full-Year-Results-2012.pdf |accessdate=24 March 2013}}</ref>
|operating_income=[[Pound sterling|£]]140.9 million (2016)<ref name=prelims/>
|operating_income=[[Pound sterling|£]]66.5 million (2012)<ref name=prelims/>
|net_income=[[Pound sterling|£]]109.5 million (2016)<ref name=prelims/>
|num_employees =
|net_income=[[Pound sterling|£]]39.6 million (2012)<ref name=prelims/>
|employees =
|homepage = [http://www.hansteen.co.uk www.hansteen.co.uk]
|homepage = [http://www.hansteen.co.uk www.hansteen.co.uk]
|intl = yes
}}
}}
'''Hansteen Holdings plc''' ({{lse|HSTN}}) is a European industrial [[REIT]] that invests in properties with high yields, low financing costs and opportunity for value improvement across the Netherlands, Germany, Belgium, France and the UK. It is listed on the [[London Stock Exchange]].
'''Hansteen Holdings plc''' is a European industrial [[REIT]] that invests in properties with high yields, low financing costs and opportunity for value improvement across the [[Netherlands]], [[Germany]], [[Belgium]], [[France]] and [[United Kingdom|the UK]]. It is listed on the [[London Stock Exchange]].


== History ==
== History ==
The Company was founded by Morgan Jones and Ian Watson in 2005 to exploit the industrial property investment market in Continental Europe.<ref name=prospectus>[http://www.hansteen.co.uk/PDFs/Full_listing_documents_2009/Hansteen_Summary_document_20090930.pdf Hansteen: Prospectus]</ref> It was admitted to the [[Alternative Investment Market]] in November 2005, raising £125 million.<ref name=prospectus/> 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 [[Real estate investment trust|REIT]] shortly thereafter.<ref name=prospectus/>
The company was founded by Morgan Jones and Ian Watson in 2005 to exploit the industrial property investment market in Continental Europe.<ref name=prospectus>[http://www.hansteen.co.uk/PDFs/Full_listing_documents_2009/Hansteen_Summary_document_20090930.pdf Hansteen: Prospectus]</ref> It was admitted to the [[Alternative Investment Market]] in November 2005, raising £125 million.<ref name=prospectus/> 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 [[Real estate investment trust|REIT]] shortly thereafter.<ref name=prospectus/>

In December 2019, it was announced that funds advised by [[The Blackstone Group]] would buy the company for £500 million.<ref>{{cite web|url=https://www.morningstar.co.uk/uk/news/AN_1576662332023035200/private-equity-firm-blackstone-to-buy-hansteen-for-gbp500-million.aspx|title=Private Equity Firm Blackstone To Buy Hansteen For GBP500 Million|publisher=Morning Star|date=18 December 2019|access-date=1 February 2020}}</ref>


== Operations ==
== 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.<ref>[http://www.propertyweek.com/news/hansteen-launches-%C2%A3180m-industrial-property-fund/3146243.article Hansteen launches £180m industrial property fund] Property Week, 3 August 2009</ref> 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<ref>[http://www.investorschronicle.co.uk/Tips/Buy/MiniTips/article/20100317/2d109186-31bb-11df-aa66-0015171400aa/Hansteens-German-triumph.jsp Hansteen's German triumph] Investors Chronicle, 17 March 2010</ref> and the acquisition of the {{convert|1200000|sqft|m2|abbr=on}} multi-sector Kilmartin portfolio of UK properties for £80.37 million.<ref>[http://www.propertyweek.com/news/news-by-sector/investment/hansteen-buys-kilmartin-portfolio/5004544.article Hansteen buys Kilmartin portfolio] Property Week, 24 August 2010</ref> The Company's investment portolio was valued at £0.8 billion as at 31 December 2012.<ref name=prelims/>
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.<ref>[http://www.propertyweek.com/news/hansteen-launches-%C2%A3180m-industrial-property-fund/3146243.article Hansteen launches £180m industrial property fund] Property Week, 3 August 2009</ref> 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<ref>[http://www.investorschronicle.co.uk/Tips/Buy/MiniTips/article/20100317/2d109186-31bb-11df-aa66-0015171400aa/Hansteens-German-triumph.jsp Hansteen's German triumph] Investors Chronicle, 17 March 2010</ref> and the acquisition of the {{convert|1200000|sqft|m2|abbr=on}} multi-sector Kilmartin portfolio of UK properties for £80.37 million.<ref>[http://www.propertyweek.com/news/news-by-sector/investment/hansteen-buys-kilmartin-portfolio/5004544.article Hansteen buys Kilmartin portfolio] Property Week, 24 August 2010</ref> The Company's investment portfolio was valued at £1.7 billion as at 31 December 2016.<ref name=prelims/>


== References ==
== References ==
{{Reflist}}
{{Reflist|30em}}


== External links ==
== External links ==
* [http://www.hansteen.co.uk Official site]
* [http://www.hansteen.co.uk Official site]



{{Real estate in the United Kingdom}}
{{Real estate in the United Kingdom}}

{{FTSE 250 Index constituents}}
{{Authority control}}


[[Category:Companies listed on the London Stock Exchange]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Companies established in 2005]]
[[Category:Real estate companies established in 2005]]
[[Category:Property companies based in London]]
[[Category:Property companies based in London]]
[[Category:Real estate investment trusts of the United Kingdom]]
[[Category:Real estate investment trusts of the United Kingdom]]

Revision as of 04:35, 29 January 2021

Hansteen Holdings plc
Company typePublic
LSE: HSTN
IndustryProperty
Founded2005
Headquarters
London
,
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]
Websitewww.hansteen.co.uk

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

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]

References

  1. ^ a b c d "Preliminary Results 2016" (PDF). Hansteen Holdings plc. Retrieved 21 April 2017.
  2. ^ a b c 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

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Hansteen_Holdings&oldid=1003480587"