Hansteen Holdings PLC is a property company formed by Morgan Jones and Ian Watson the founders and former directors of Ashtenne Holdings PLC (“Ashtenne”). The company is AIM listed.

The company focuses on investing in industrial property in continental Europe. It also seeks to profit from opportunistic acquisitions in other property sectors and will invest in the UK property market as value returns.

property investment strategy

Ian Watson and Morgan Jones founded Ashtenne in 1989 and from the foundation of the company to its sale in May 2005 it achieved returns for its shareholders in excess of 20 per cent per annum through the acquisition, intensive management and profitable resale of industrial property investments in the UK together with the implementation of a number opportunistic property transactions in the UK and Europe. Hansteens move into Europe has been timely. In the first two years at Hansteen the team has accumulated a PAN European portfolio of quality warehouse investments to the value in excess of €500 million and rent in excess of €40 million per annum.

directors track record

Since Hansteen was established the Group has painstakingly built a portfolio of around €498 million of properties (€495 million excluding development land) in Germany, the Netherlands, Belgium and France with an annual rent roll of €43.7 million.  The portfolio has a diverse spread of tenants, low capital values and rents, a high current yield of over 8.75 per cent. and a reversionary yield of 10 per cent. reflecting the opportunities to add value to a number of the properties. In the last three years the Company has paid annual dividends of 3.0p, 3.2p and 3.2p respectively which were covered from the outset by the Normalised Profit generated by the business.  Normalised Profit has grown in those years from £6.3 million in 2006, to £9.6 million in 2007, to £11.8 million in 2008. 

European industrial property purchases made

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