Hansteen on spending spree in Essex
Industrial property specialist, Hansteen Holdings, has been busy buying up assets in both the UK and Germany.
Industrial property specialist, Hansteen Holdings, has been busy buying up assets in both the UK and Germany.
The group has spent £26.2m on the 26 acre Horndon Industrial Park in Essex and notarised three other industrial properties in Germany.
The Horndon acquisition, which has come via the administrators of defunct outfit Easter Investments Three, is currently let to 43 tenants and has a vacancy rate of 32.94%.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The German properties in Uhingen, Grevenbroich and Henstedt-Ulzburg, totalling over 271,000 square feet, are fully occupied and are being sold by Cambridge Place Investments.
The combined rent roll of the purchases will be £2.7m.
The group has also sold two properties in Germany for a total of €9.4m.
Commenting on the Horndon acquisition Morgan Jones of Hansteen, said: "The high yield and vacancy rate, combined with its excellent location provides plenty of opportunity to build value through active asset management."
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Is now a good time to invest in Japan?
Japan is set to appoint its first ever female prime minister this week. Is now a good time to invest in Japanese stocks and investment trusts?
-
DIY pension investors take tax-free cash amid switch to ISAs
Self-invested personal pension (SIPP) investors are rushing to withdraw their tax-free cash and turning to ISAs amid fears of a pension tax raid in the Autumn Budget