trending Market Intelligence /marketintelligence/en/news-insights/trending/J8-sGFFRXEvoSDsIwC8P8A2 content esgSubNav
In This List

Hansteen discloses closing date of €1.28B asset sale deal

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Hansteen discloses closing date of €1.28B asset sale deal

Hansteen Holdings Plc said its €1.28 billion sale of its properties in the Netherlands and Germany to funds advised by Blackstone Group LP and M7 Real Estate affiliates is expected to wrap up June 16.

The company also said that the approximately €750 million net proceeds from the deal was entered into a forward-currency transaction with a June 20 maturity date, wherein €580 million was sold for about £503.1 million, to satisfy certain euro liabilities, according to a filing. The forward-currency agreement was supposed to mature June 8 but rolled forward due to the portfolio sale's expected closing date.

Hansteen also repeated that it will distribute a significant portion of the proceeds to shareholders as soon as possible.