Cases & Deals

Hansteen acquires remaining £39.5 million (US$51.8 million) of AIF units

Clients Hansteen Holdings PLC

Jones Day advised Hansteen Holdings PLC in its £39.5 million ($51.8 million) acquisition of a further 86.5 million units in Ashtenne Industrial Fund Unit Trust (AIF). This acquisition, representing 14.41 percent of the units in issue, increases Hansteen’s holding in AIF to 100 percent. As of December 31, 2015, the gross asset value of the properties was £436.4 million (US$646.9 million).