Hansteen Holdings buys six German properties

Hansteen Holdings, the UK and Continental property investment company, has completed the purchase of a portfolio of six logistics properties in Germany from Dexus Funds Management for 26m euros.

Hansteen Holdings, the UK and Continental property investment company, has completed the purchase of a portfolio of six logistics properties in Germany from Dexus Funds Management for 26m euros.

The purchase, which was funded from existing cash resources, reflects an initial yield of 13.77%.

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