European property investor Hansteen has acquired £150 mln (EUR 221 mln) of property at yields in excess of 8% per annum since it was incorporated and listed on London Stock Exchange's AIM market in November 2005. Hansteen was established by Ian Watson and Morgan Jones who were previously founders and directors of Ashtenne Holdings.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
