Hansteen Holdings Group Structure and Business Operations

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Hansteen Holdings is a UK-based property investment company with a diverse portfolio of industrial and logistics properties.

The company operates through its wholly-owned subsidiary, Hansteen Holdings Limited, which is a Jersey-based company.

Hansteen Holdings Limited is the parent company of several subsidiaries, including Hansteen UK Properties Limited and Hansteen UK Property Fund Limited.

Hansteen Holdings has a strong presence in the UK industrial and logistics market, with a portfolio of over 100 properties across the country.

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Company Information

Hansteen Holdings is a UK-based property investment company. It was founded in 1987 by Robert Wareing and his family.

The company's name is derived from the name of Robert Wareing's great-grandfather, who was a merchant seaman.

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Financials Overview

Hansteen Holdings' financials are a fascinating aspect of the company's operations. The company's cash reserves account for a significant 25.50% of its overall financials.

Breaking down the company's financials, we see that net worth accounts for 1.39% of the total, which is a relatively small percentage.

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Net worth is a key indicator of a company's financial health, and Hansteen Holdings' relatively low net worth might indicate some areas for improvement.

The company's total liabilities stand at 3.51%, which is a manageable amount considering the company's overall financials.

Hansteen Holdings' net assets also account for 1.39% of the total, which is a positive sign for the company's financial stability.

Here's a summary of Hansteen Holdings' financials in a table:

Structure and Operations

Hansteen Holdings has a robust structure and operations that enable it to achieve its goals. The company launched Hansteen UK Industrial Property Unit Trust (HPUT) in August 2009, a vehicle with up to £180 million to invest in UK industrial property.

This investment vehicle has been instrumental in expanding the company's portfolio. Hansteen increased its portfolio to 189 assets with a value of around £721.9 million in 2010 through strategic acquisitions.

The company's investment portfolio was valued at £1.7 billion as at 31 December 2016, a significant milestone in its growth.

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Managers and Directors:

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The Managers and Directors of a company play a crucial role in its structure and operations. Daniel Roberts, a 45-year-old Director/Board Member, has been with Hansteen Holdings PLC since June 29, 2021.

Daniel Roberts' appointment is one of the many changes that have taken place in the company's leadership. James Leslie Chasen, another Director/Board Member, joined the team on January 19, 2023, at the age of 43.

Here's a brief overview of the current Directors:

Andrew Richard Jones' appointment is a recent development, and it's essential to keep an eye on the company's leadership structure to understand its operations and decision-making processes.

Group Structure Overview

The group structure of a company is a crucial aspect of its overall operations. The company in question, HANSTEEN HOLDINGS LIMITED, is currently active and has filed its accounts.

One of the key subsidiaries is ASHTENNE INDUSTRIAL (GENERAL PARTNER) LIMITED, which is also active and has filed its accounts. This suggests a level of financial transparency and stability within the group.

The group also includes ASHTENNE (AIF) LIMITED, which is currently non-trading. This may indicate a shift in focus or strategy for this particular subsidiary.

Here's a brief overview of the group structure:

Operations

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Hansteen launched a new vehicle called Hansteen UK Industrial Property Unit Trust (HPUT) in August 2009, which had up to £180 million to invest in UK industrial property.

The company increased its portfolio to 189 assets with a value of around £721.9 million in 2010, through a series of strategic acquisitions.

One notable acquisition was the German industrial property portfolio from HBI for approximately €330 million, which significantly boosted the company's investment portfolio.

In the same year, Hansteen also acquired the 1,200,000 sq ft Kilmartin portfolio of UK properties for £80.37 million.

By 2016, the company's investment portfolio had grown to £1.7 billion, reflecting its successful expansion and diversification efforts.

The acquisition of these large portfolios demonstrates Hansteen's ability to identify and capitalize on strategic investment opportunities.

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News and Releases

Hansteen Holdings has been making headlines with its recent scheme of arrangement becoming effective on February 6th. This significant development is a key milestone for the company.

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The company has also been active in filing various forms, including Form 8.3 and Form 8.5 (EPT/RI), all on February 5th. These filings are a crucial part of the company's transparency and compliance with regulatory requirements.

On the same day, February 5th, Hansteen Holdings issued equity and disclosed changes to director and PDMR shareholdings. This is a significant move for the company, signaling its commitment to transparency and investor relations.

Here's a summary of the key dates and filings:

Sale to Blackstone

Hansteen Holdings has agreed to a £500m sale to Blackstone.

The sale was announced in January 2020.

The sale price of £500m is a significant figure for the company.

Some shareholders, like Milne, are unhappy with the sale, having paid more for their shares than the offer price.

It's worth noting that the exact timeline for the sale is not specified in the available information.

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Frequently Asked Questions

Who owns Hansteen Holdings?

Hansteen Holdings is owned by investment funds advised by affiliates of The Blackstone Group Inc. through a company called Potter UK Bidco Limited.

Who is the CEO of Hansteen?

The CEO of Hansteen Holdings Plc is Ian Watson, who is also a Joint Founder of the company.

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Angel Bruen is a seasoned copy editor with a keen eye for detail and a passion for precision. Her expertise spans a variety of sectors, including finance and insurance, where she has honed her skills in crafting clear and concise content. Specializing in articles about Insurance Companies of Hong Kong and Financial Services Companies Established in 2013, Angel ensures that each piece she edits is not only accurate but also engaging for the reader.

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