7th Mar 2016 10:52
LONDON (Alliance News) - Hansteen Holdings PLC on Monday said it has taken full ownership of the Saltley Unit Trust, the owner of a multi-let industrial estate in Birmingham, after acquiring the remaining 50% of the units it didn't already own from a fund advised by Brockton Capital LLP in a partnership with Dunedin Property.
The net price of the acquisition was GBP9.3 million, the property investment company said, adding that the multi-let industrial estate had an annual rent roll of GBP2.9 million and vacancy rate of just 2.0% on June 30, 2015.
Shares in Hansteen were down 0.9% at 110.00 pence on Monday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
HSTN.L