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20 Oct 2010 15:04
20 October 2010
Hansteen Holdings PLC
("Hansteen" or "the Company")
Directors' Dealings
Hansteen (LSE: HSTN), the investor in UK and continental European real estate, announces that it was notified on 20 October 2010 of the following market purchase of its ordinary shares made by a director on 20 October 2010.
Director |
Holding prior to purchase |
Percentage of issued share capital held prior to purchase |
Number of ordinary shares of 10p each purchased |
Purchase Price |
Percentage of issued share capital purchased |
Holding following purchase |
Percentage of issued share capital held following purchase |
H Price | - | - | 100,000 | 73.5p | 0.02% | 100,000 | 0.02% |
For further information:
Ian Watson/Morgan Jones Hansteen Holdings PLC Tel: 020 7408 7000 | Capel Irwin/Nicholas Marren Peel Hunt Tel: 020 7418 8900 | Jeremy Carey Tavistock Communications Tel: 020 7920 3150 |
Notes to Editors
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.
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 and the acquisition of the 1.2 million sq ft multi-sector Kilmartin portfolio of UK properties for £80.37 million.
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.
Founded by Morgan Jones and Ian Watson the Company listed on AIM in November 2005 raising £125 million. In 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.
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