HSTN.L Share News (HSTN)

HSTN.L Information

There is currently no data for HSTN

Hansteen opts to raise funds as profit soars

Thu, 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 £42.4m from £43.7m, while net asset value per share increased to 103p from 102p.An interim dividend proposed for November was increased by 5.1% to 2.1p from 2p paid in November last year.Hansteen sold its HPUT2 fund for £191.1m during the period, and made £21.5m from other property sales during the period.It acquired £22.3m in property at an average yield of 11% and vacancy of 16.9%.Hansteen also announced after acquiring a further 4.1% in the Ashtenne Industrial Fund for £11m during the period, it was to buy another 35.7% of the fund for £103.7m to increase its total stake to 76.5%.The company would raise £40m through a share placing to fund the deal, at a minimum of 110p per share.Chairman James Hambro said the outlook for the business continued to be positive."Whilst the recent issues affecting the Eurozone and the Euro are unhelpful, our view is that once the immediate volatility calms down the longer term effect is likely to reinforce the 'lower for longer' financial environment, Hambro said.Shares in Hansteen were up by 0.35% to 115p at 0823 BST.

More News

26 Jul 2018 14:29

UPDATE: Warehouse REIT Shares Suspended Ahead Of Possible Acquisition (ALLISS)

LONDON (Alliance News) - Warehouse REIT PLC said Thursday it is in talks for a potential acquisition, alongside a third party, of industrial assets from Hansteen Holdings PLC.As the could a

4 Apr 2018 15:59

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 5 AprilScottish American Investment TrustFriday 6 CMA decision on GVC Holdings-Ladbrokes Coral 9 (re for

27 Mar 2018 09:59

Hansteen Completes GBP116 Million Sale Of Portfolio To Warehouse REIT

LONDON (Alliance News) - Hansteen Holdings PLC said on Tuesday that it completed sale of its Industrial Multi Property Trust portfolio to Warehouse REIT PLC for Tuesday, said

20 Mar 2018 08:23

TOP NEWS: Hansteen Proposes GBP145 Million Return As Profit Rises

LONDON (Alliance News) - FTSE 250-listed industrial property investor Hansteen Holdings PLC on Tuesday said its profit rose substantially in 2017, as it proposed a return of a

20 Mar 2018 05:29

UK Stocks-Factors to watch on March 20

March 20 (Reuters) - Britain's FTSE 100 index is seen opening 27 points higher on Tuesday, according to financial bookmakers. * BRITAIN-EU: and the on a

13 Mar 2018 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 14 March PrudentialFull Year ResultsDignityFull Year MacdonaldHalf 15

17 Feb 2017 07:27

Hansteen makes all cash offer for IMPT

(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

15 Dec 2016 09:32

BROKER RATINGS SUMMARY: Jefferies Cuts BAE Systems To Hold From Buy

5 Dec 2016 07:45

Hansteen upbeat as vacancy rates reduce

(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

14 Oct 2016 09:14

JP Morgan initiates Hansteen at 'neutral'

(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

23 Aug 2016 07:33

Hansteen reports drop in first half profits

(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

26 Jul 2016 08:38

Hansteen buys remaining AIF units for £39.5m

(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

18 Jul 2016 07:30

Hansteen buys 66.7% of Ashtenne Industrial Fund

(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

18 Jul 2016 06:41

Hansteen Gains Control Of Ashtenne Industrial Fund Ltd Partnership

13 Jul 2016 07:51

Hansteen refinances Dutch light industrial portfolio

(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

Latest Share Chat

HSTN.L Share News (HSTN)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Hansteen opts to raise funds as profit soars

Login to your account

Quickpicks are a member only feature

Login to your account