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Hansteen lifts stake in AIF to 82%

Mon, 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-let industrial properties in the UK. At 30 June 2015, the portfolio consisted of 2,935 units at 237 individual estates, with an annual rent roll of £36.2m and vacancy of 13.5%.The gross asset value of the properties was £439.3m, Hansteen said in a statement.

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Hansteen sells property trust for £192m

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23 Apr 2015 13:31

FTSE 250 movers: Pace rockets after Arris offer, oil and energy stocks higher

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.

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