Industrial investor Hansteen Holdings has announced plans to add UK office space property to it’s existing £445 million European portfolio.
The AIM-listed company already has office space in Germany, France, Belgium and the Netherlands and has said it will be putting aside equity to buy in this country next year.
The company will capitalise on the current climate and purchase from distressed sellers.
Hansteen’s announcement came after strong interim results which revealed a 5% rise in net asset value to 145p a share.
The rise is attributed mainly to the increase in value of its property portfolio and a 48% increase in net rental income, which has risen to £32.9 million.
Hansteen’s Chairman Jane Hambro said: “Our policy in Europe is to be cautious in new acquisitions as we husband our resources for a period where we feel there may be significant opportunities from distressed sellers”
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