Overview
Hansteen is a REIT focused on the industrial property sector with assets in Northern Europe – Germany, UK, France, Belgium and Netherlands
Research History
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22 Jan 2021
QuotedData's Real Estate Annual Review - 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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30 Jan 2020
QuotedData's Real Estate Annual Review - 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
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13 Nov 2019
QuotedData's Real Estate Roundup - November 2019
Real Estate Roundup Performance data October’s biggest movers in price terms are shown in the chart below. For the second month running, Capital & Regional topped the list for share price growth: up 30.5% in the month – admittedly off a low base. The shopping centre landlord’s shares continued to rise after it agreed a […]
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18 Sep 2019
QuotedData's Real Estate Roundup - September 2019
Real Estate Roundup Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]
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16 Oct 2018
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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12 Oct 2018
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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14 Sep 2018
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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14 Sep 2018
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
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18 Jan 2018
QuotedData - 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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12 Jul 2017
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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16 May 2017
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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10 Apr 2017
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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15 Mar 2017
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
News
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01 Mar 2021
Greencoat Renewables recaps on a big year of growth
Greencoat Renewables (GRP) reported final results for the year to 31 December 2020, with key highlights from the year including the following: 2020 Generation increased by 22% to 1,404GWh, 3 per cent below budget. (2019: 1,154GWh) 2020 Net cash generation increased by 36% to €66.4 million (2019: €48.7million) Dividend cover for 2020 of 1.7x Increased the portfolio […]
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27 Dec 2018
Hansteen sells portfolio to Stenprop
Hansteen sells portfolio to Stenprop – Stenprop has acquired a portfolio of multi-let industrial properties from Hansteen for £72.2m (including acquisition costs of £4.3m). The portfolio is made up of 22 separate properties across the UK with a gross lettable area of approximately 1.16 million square feet (107,749 sq m) and a diversified base of approximately […]
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10 Sep 2018
Hansteen and Warehouse REIT deal collapses
Hansteen and Warehouse REIT deal collapses – Warehouse REIT has announced that the parties have been unable to agree terms and consequently the discussions have been terminated. As a result of the company not proceeding with the transaction, trading in Warehouse REIT’s shares on AIM is expected to be restored today. Hansteen‘s comment is just as terse. [QD […]
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26 Jul 2018
Hansteen and Warehouse REIT talking about a deal
Hansteen and Warehouse REIT talking about a deal – Warehouse REIT has confirmed that it is in discussions regarding the potential acquisition, in partnership with a third party, of a portfolio of industrial assets from Hansteen Holdings PLC, which could constitute a reverse takeover under the AIM Rules for companies. Any potential acquisition could be subject to the […]
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20 Mar 2018
Hansteen releases results after busy year
Hansteen releases results after busy year – Hansteen has released results for 2017. Highlights are: EPRA NAV per share of 130.6p after return of capital at 11.1p premium to 31 December 2016 EPRA NAV of 128.9p Adjusted EPS was 6.9p (FY 2016: 6.7p) IFRS profit increased by 86.6% to GBP204.3 million (FY 2016: GBP109.5 million) […]
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13 Mar 2018
Hansteen announces Compulsory Purchase of Saltley Business Park, Birmingham
Hansteen has announced that the Secretary of State for Transport has acquired Saltley Business Park, Birmingham from a subsidiary of the Company, by way of a compulsory purchase order. This has taken place under the High Speed Rail (London – West Midlands) Act 2017, to enable construction of the first phase of the HS2 route. […]
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05 Feb 2018
Hansteen sell IMPT portfolio to Warehouse REIT
Hansteen sell IMPT portfolio to Warehouse REIT – Hansteen has agreed to dispose of the Industrial Multi Property Trust (IMPT) portfolio for GBP116 million to an entity owned by Warehouse REIT. Hansteen acquired the portfolio through its successful offer for IMPT which was declared wholly unconditional on 25 April 2017. The portfolio consists of 51 UK multi-let […]
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10 Oct 2017
Investment trust insider on industrial property prices
James Carthew: has Tritax paid too much as Hansteen hands back cash? In the past week we have seen a very large tender offer from Hansteen Holdings (HSTN), a real estate investment trust specialising in industrial property, and a deal where Tritax Big Box (BBOX) bought a large logistics facility from LondonMetric Property (LMP). Hansteen […]
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25 Sep 2017
Warehouse REIT buys four industrial estates from Hansteen
Warehouse REIT buys four industrial estates from Hansteen – Warehouse REIT says that, following its admission to AIM on Wednesday 20 September 2017, the board has announced its first pipeline acquisitions, which follows the initial Tilstone Portfolio purchase for GBP108.85 million. The pipeline assets described in the prospectus included four multi-let industrial estates in England which […]
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19 Jun 2017
Hansteen completes €1.28bn disposal of German and Dutch portfolios
Hansteen Holdings has announced that it has completed the disposal of its German and Dutch portfolios for €1.28 billion. The sale, originally announced on 20 March 2017, is entities owned by funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate. Hansteen says that the transaction has resulted in net cash […]
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26 Apr 2017
Hansteen ups offer for Industrial Multi Property
Hansteen has agreed to up its offer for Industrial Multi Property Trust by 10% to 330p per share. The surprise move (Hansteen had already declared the previous offer unconditional) has been welcomed by Alpha Real Trust, Industrial Multi Property’s largest shareholder. “Alpha Real Trust Limited (“ART”) and Antler Investment Holdings Limited (“Antler”) are IMPT’s two […]
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03 Apr 2017
New funding for Industrial Multi Property
Industrial Multi Property has entered into a new unsecured loan facility agreement on 30 March 2017 under which Hansteen Holdings plc will provide an unsecured loan facility of up to GBP11,500,000 to the company, with an interest rate of 10% per annum. The term of the Hansteen Loan Facility expires on 5 December 2018 and […]
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23 Mar 2017
Hansteen’s offer for Industrial Multi Property Trust becomes unconditional
Hansteen Holdings has announced that its all-cash offer, of 300p per share, for Industrial Multi Property Trust (IMPT) has become unconditional. It says that, at 22 March 2017, it had received valid acceptances of its offer in respect of 2,500,657 IMPT shares, representing approximately 29.73% of IMPT’s issued share capital. In addition, Hansteen has acquired […]
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21 Mar 2017
Alpha Real intervenes in Hansteen / Industrial Multi Property bid
The Board of Alpha Real Trust believes that the offer by Hansteen continues to grossly undervalue Industrial Multi Property Trust (IMPT) and have resolved to reject the offer. Given that the Board of Alpha Real Trust believes there is the potential for serious conflicts of interest between Hansteen and IMPT, resulting from Hansteen operating in the […]
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20 Mar 2017
Hansteen Proposes disposal of its German and Dutch portfolio for €1.28 billion
Hansteen has announced that its board has agreed to dispose of its German and Dutch portfolios for €1.28 billion to funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate. Hansteen says that the price represents a premium of approximately €76 million (6 per cent.) to the Year End Valuation which itself […]
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24 Feb 2017
IMPT posts adjusted NAV growth of 18.0%, followed by 300p offer from Hansteen
Industrial Multi Property Trust (IMPT) has announced its annual results for the year ended 31 December 2016. During the period, the company’s NAV per ordinary share increased by 17.9% to 298.5p (2015: 253.2p), whilst its adjusted NAV per share increased by 18.0% to 307.4p (2015: 260.6p). The company says that the increase in the NAV […]
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17 Feb 2017
Industrial Multi-Property Trust receives all cash offer from Hansteen at 300p
The boards of Hansteen and Industrial Multi-Property Trust (IMPT) have announced that have reached agreement on the terms of a recommended all cash offer for the entire issued ordinary share capital of IMPT by Hansteen. Under the terms of the offer, IMPT shareholders will receive 300p in cash for each IMPT share. This values the […]
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23 Aug 2016
Hansteen earnings up sharply
Hansteen’s interim results for the six months ended 30 June 2016 show its EPRA NAV per share increased by 11.9% to 124.4p over the period. Adjusting this for the dilution effect of their convertible issue, the NAV was 120.5p. They also publish an adjusted EPRA NAV per share, this increased by 8.4% to 120.5p. Normalised Profits (their measure […]
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18 Jul 2016
Hansteen gains power to manage and control the Ashtenne Industrial Fund’s activities
Hansteen has announced that it has acquired 66.7% of the share capital of Ashtenne Industrial Fund (General Partner) Limited from Norwich Union (Shareholder GP) Limited for £0.12 million in cash. Hansteen say that the net assets of the General Partner, at 31 December 2015, were £0.17 m and the profits for the year ended 31 […]
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13 Jul 2016
Hansteen refinances Netherlands light industrial property with €145m 5-year facility
Hansteen refinances Netherlands Light Industrial Property with €145m 5-year facilityHansteen has announced that it has refinanced two loans secured against its Netherlands light industrial property portfolio with a single loan totalling €145.0m. The company says that this has resulted in a reduction in the cost of borrowing on the portfolio from 3.57% to 2.49%, excluding […]
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27 May 2016
Shires Income’s emerging markets and commodity holdings drive underperformance
Shires Income, managed by Ed Beal (pictured), has announced its annual results for the year ended 31 March 2016. During the year, the trust’s NAV fell by 7.0% on a total return basis, thereby underperforming its FTSE All-Share Index benchmark, which lost 3.9%. The company says that its NAV underperformance was due principally to stock […]
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15 Mar 2016
Hansteen posts 17% return for 2015
Hansteen’s results for the year ended 31 December 2015 have been published. Its EPRA NAV per share increased by 9% to 111p to give a total return of 17.3%. Full year dividend increased by 5.0% to 5.25p per share. The Normalised Income Profit or NIP, which excludes profits or losses from the sale of properties, essentially […]
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15 Feb 2016
Hansteen increases its holding to 82.8% of the Ashtenne Industrial Fund
Hansteen Holdings has announced that it has acquired a further 5.5 million units in the Ashtenne Industrial Fund from clients of CBRE Investors for £2.5m cash, which reflects a price of 46.06p per unit. The company says that the acquisition represents 0.9% of the units in issue and increases Hansteen’s holding in the Ashtenne Industrial […]
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22 Dec 2015
Hansteen acquires a further 5.3% of The Ashtenne Industrial Fund for £15.4m
Hansteen has announced that it has acquired a further 31.6m units in the Ashtenne Industrial Fund for £15.4m in cash, reflecting a price of 0.4869 pence per unit. The price represents an effective 5% discount to Hansteen’s carrying value for the Fund as at 30 June 2015. This acquisition represents 5.3% of the units of […]
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23 Sep 2015
Hansteen acquires assets in Ilkeston and Teeside for £41.1m
Hansteen Holdings has announced the acquisition of two assets in Derbyshire for a total price of £41.1m. West Hallam Industrial Estate (Ilkeston, South Derbyshire) is being acquired for £27.3m, which reflects a net initial yield of 6.2%. Completion is due on 24 September. Belasis Business Park (pictured) is located in Billingham, Teesside. It is being acquired […]
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27 Aug 2015
Hansteen raising cash to fund acquisition
Hansteen is raising £40m at 110p per share to help fund the acquisition of a further £103.7m of units (35.7% of the fund) in the Ashtenne Industrial Fund. They say the deal represents an acquisition of £156.8m of UK industrial property valued at a yield of 8.3 per cent. The price is an effective c.5% discount […]
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13 May 2015
Hansteen sells Industrial Property Unit Trust
Hansteen has sold its Hansteen UK Industrial Property Unit Trust II for £192.1m to a fund advised by Brockton Capital LLP in a partnership with Dunedin Property. The deal adds about £5m to Hansteen’s end December asset value. They launched the unit trust in May 2013 with £107m investment from them and clients of Aviva Investors. They […]
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09 Mar 2015
2014 was a good year for Hansteen
Hansteen’s results for the year ended 31 December 2014 show a 12.1% increase in its EPRA Net asset value and a 4% increase in its EPRA earnings per share. They have increased the full year dividend from 4.8p to 5p and, in addition, are paying a special dividend of 3p per share. This brings the […]
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18 Dec 2014
Hansteen sells more of Industrial portfolio
Hansteen has sold off £43.9m worth of its industrial portfolio. The eleven UK assets sold from the Ashtenne Industrial Fund (which Hansteen holds 36.7% of) comprise Langley Park (a 48 acre site in the centre of Chippenham in Wiltshire with 800,000 sq ft of office and industrial space occupied by tenants including Siemens PLCS, IXYS […]
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03 Nov 2014
Hansteen sells industrial portfolio
HSTN : Hansteen sells industrial portfolio Hansteen Holdings has sold its interest in the the Hansteen UK Industrial Property Unit Trust for £146.1m. The deal was done in two parts with Brockton Capital LLP (“Brockton Capital”) in a partnership with Dunedin Property paying £110.5m for the portfolio excluding Saltley Business Park and a separate 50/50 joint venture between […]
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27 Aug 2014
Hansteen Holdings sees strong growth in profitability during the first half of 2014
HSTN : Hansteen Holdings sees strong growth in profitability during the first half of 2014 Hansteen Holdings recent interims report strong profit growth during the six months to 30 June 2014. Normalised income profit per share increased 31.0% to 3.8p (2.9p for the first half of 2013) whilst normalised total profit increased by 59.1% to £35.0 […]
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06 Jun 2014
Hansteen Holdings : HSTN - disposal
Hansteen Holdings has today announced that it has sold a portfolio of ten multi-let industrial estates and an office park. The portfolio is held through Ashtenne Industrial holdings, a vehicle that Hansteen has a 36.7% interest in and is investment manager of. The 900,000 square foot portfolio fetched £62m (a price equivalent to an initial yield […]
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07 Jan 2014
Hansteen : HSTN - disposals
Hansteen has announced the sale of 27 assets (11 industrial estates in the South West of the UK and a further 16 individual assets) over the course of Q4 2013 for a total consideration of £76.4m. Hansteen made £4.2m profit on the sales which included the disposal of Horndon Industrial Park in Essex, the Malthouse Estate […]
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30 Dec 2013
Hansteen : HSTN acquisition of a loan
Hansteen Holdings has bought a loan secured against a portfolio of 370,000 sqm of mainly multi-let light industrial property in the Netherlands for €41.675m. The underlying borrower, Lancelot Land BV, is in breach of the loan and hence Hansteen was able to buy it at a 51% discount to par. About 20% of the portfolio […]
