Hansteen forms Hansteen Industrial Property Unit Trust II
Client(s) Hansteen Holdings PLC
Jones Day acted on behalf of Hansteen Holdings PLC in connection with the formation and launch of Hansteen Industrial Property Unit Trust II, a Jersey Unit Trust. The Fund has been seeded with approximately £49 million of property and will have the capacity to invest up to approximately £200 million in UK industrial property. The Fund has been launched with £107 million of equity; one third provided by Hansteen and two thirds from clients of Aviva Investors Real Estate MultiManagers.