London-listed Hansteen Holdings announced that Hansteen Property Unit Trust (HPUT) has acquired Saltley Business Park, Birmingham, from LPA Receivers acting for Lloyds Banking Group. The investment volume of £23.3 mln (EUR 27.1 mln) reflects a net initial yield of 9.62%.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
