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Company Name: Hansteen Holdings PLC

Place of Registration: England and Wales

Registered Number: 05605371

Registered Office Address:

1st Floor, Pegasus House,
37-43 Sackville Street
London W1S 3DL

Telephone: +44 (0)207 408 7000
Fax: +44 (0)207 408 7001

VAT number 872 5613 11

Regional offices

Operational Highlights

  • Acquisition of units in the Ashtenne Industrial Fund Unit Trust (“AIF”) increasing our interest from 36.7% to 81.8% during the year
  • Sale of HPUT II for £192.1 million at a profit to Hansteen of £4.7 million and £31.7 million over total acquisition cost
  • £86.3 million of other sales at a yield of 6.9% with a total profit of £8.7 million (over 31 December 2014 valuation) and £21.2 million over total acquisition cost
  • £68.0 million of properties acquired at an average yield of 7.8%
  • Property valuation increase across the total portfolio of 11.1%
  • Like-for-like occupancy improvement of 148,404 sq m
  • Like-for-like rent roll improvement of £2.0 million per annum
  • Placing of 35.7 million shares to raise £39.4 million

* Diluted EPRA earnings includes £13.6 million charge relating to the LTIP. See note 3 of the financial statements.

- See note 3 of the financial statements for a reconciliation of Normalised Income Profit and Normalised Total Profit to the IFRS measure of profit before tax. 

- Operational Highlights relate to property, owned and managed, of Hansteen and its associated funds.