Hansteen suffering from euro collapse

Hansteen Holdings, the UK and Europe focused real estate investment trust (REIT), is warning it faces currency headwinds as the debt crisis weakens the euro.

Hansteen Holdings, the UK and Europe focused real estate investment trust (REIT), is warning it faces currency headwinds as the debt crisis weakens the euro.

In its management statement Hansteen, which buys then rents industrial properties in Germany, Benelux and the UK says: "The euro has weakened further against sterling, as a result there will be an adverse currency effect on reported earnings and net asset value".

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