PropertyEU

Hansteen PUT buys Birmingham business park

By A staff reporter 2011-01-06T00:00:00

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%.

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