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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

COMPLETION OF €1.28 BILLION EURO DISPOSAL

19 Jun 2017

Disposal of the German and Dutch portfolios for €1.28 billion completed 

Further to the announcement made by the Company on 20 March 2017 of the proposed sale of its German and Dutch portfolios to entities owned by funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate for €1.28 billion, Hansteen announces that the transaction has now been completed resulting in net cash proceeds to the Group of approximately Euro 750 million.

As previously announced, Hansteen intends to distribute, to its shareholders, a substantial portion of the net cash proceeds details of which will be announced as soon as reasonably practicable.

Enquiries:

Hansteen Holdings PLC

Ian Watson / Morgan Jones
Tel: 020 7408 7000

 

Peel Hunt (Financial Adviser, Sponsor and Broker)
Capel Irwin / Edward Fox
Tel: 020 7418 8900

 

Tavistock
Jeremy Carey / Kirsty Allan
Tel: 020 7920 3150