Hansteen acquires logistics portfolio from Dexus Funds Management
Clients Hansteen Limited
Jones Day advised Hansteen Holdings on the acquisition of a portfolio of six logistics properties in Germany from Dexus Funds Management Ltd. which consists of distribution warehouses located in Langenweddingen, Friedewald, Knetzgau, Unna and Langenfeld. The portfolio comprises built space of 127,000 square meter. The portfolio was sold at €26 million (US$32,916,300) and the current annual rent roll amounts to €3.58 million (US$4,532,320).