Onyx €1.28 billion acquisition of Hansteen continental Europe property portfolio

20/3/2017
Private acquisition

€ 1.28 billion

$ 1.4 billion

Announced

20/3/2017


Overview:

  • Blackstone and M7 Real Estate venture Onyx has reached an agreement to acquire Hansteen Holdings' entire portfolio of properties in Germany and Netherlands for €1.28 billion.
  • Hansteen, an LSE listed reit (real estate investment trust), said the fee represented a 6% premium on an estimate of the properties' value at the end of 2016. 
  • Private equity fund Blackstone and real estate investor M7 are paying for the portfolio in cash. 
  • The transaction leaves Hansteen with only UK property. 
  • Hansteen expects the deal to complete by the end of June.

Ben Naylor - Regional editor

Continue reading...

New to IFLR1000?

Register today for FREE:

  • Understand market dynamics, with data broken by deal type and more
  • Access law firms and lawyers involved in deals
  • Gain unique insight into lawyers recent work
REGISTER NOW

Sign in