Further to the announcement made by Hansteen on 20 March 2017 of the proposed sale of its German and Dutch portfolios to entities owned by funds advised by affiliates of The Blackstone Group and M7 Real Estate for €1.28bn, Hansteen announces that the transaction has now been completed resulting in net cash proceeds to the Group of approximately €750m.
As previously announced, Hansteen intends to distribute, to its shareholders, a substantial portion of the net cash proceeds details of which will be announced as soon as reasonably practicable.
