Cases & Deals

Ashtenne sells portfolio consisting of industrial and office properties

Client(s) Ashtenne Industrial Fund LP

Jones Day advised Ashtenne Industrial Fund Limited Partnership, a fund managed by Hansteen Holdings Plc, in connection with the sale of a portfolio of properties consisting of industrial properties and one office park for a total of £62 million to Rockspring Hanover Property Unit Trust. The portfolio comprises 10 multi-let industrial estates and one office park predominantly in the South East of England, totaling 171 units and nearly 900,000 square feet. The occupancy rate is 91 percent and the assets are let to 120 tenants.