Cases & Deals

Hansteen sells HPUT for £146.1 million (US$231.9 million)

Clients Hansteen Holdings PLC

Jones Day advised Hansteen Holdings PLC in the sale of the Hansteen UK Industrial Property Unit Trust ("HPUT"), a UK multi-let industrial property portfolio, in two transactions for a total of £146.1 million (US$231.9 million) after the deduction of rental top-ups. The 41 assets in HPUT were acquired by a fund advised by Brockton Capital LLP ("Brockton Capital") in a partnership with Dunedin Property for £110.5 million. A separate 50/50 joint venture between Brockton Capital and Hansteen acquired Saltley Business Park in Birmingham for a net price of £35.6 million. Hansteen will continue to manage Saltley Business Park.

In addition to M&A and real estate representation, Jones Day provided banking and tax advice regarding this transaction.

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.