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Hansteen acquires further units in AIF

August 2015

Client(s) Hansteen Holdings PLC

Jones Day advised Hansteen Holdings PLC, a property company investing in industrial property, in connection with the acquisition of a further £103.7 million (US$159.7 million) units in the Ashtenne Industrial Fund ("AIF") by its group company Hansteen (Jersey) Investments Limited. The acquisition represents an effective c.5 percent discount to AIF's net asset value on June 30, 2015. The acquisition takes Hansteen's unit holding in AIF to approximately 76.5 percent.

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