Hansteen Holdings PLC

What Hansteen Holdings PLC does

Hansteen Holdings PLC is a London-based, publicly listed industrial REIT (LSE: HSTN) incorporated in 2005 with a reported 101-250 employees. According to the supplied source material, its principal operating footprint is delivered through Mileway, the brand under which it is self-described as Europe's largest last-mile industrial and logistics real estate provider. The company invests in and operates warehouses, distribution facilities and light industrial assets positioned near major European urban centres, with a stated strategic intent of letting logistics tenants "shorten the last mile" to their end customers. The portfolio is presented as spanning nine European markets (UK, Germany, Netherlands, Denmark, Sweden, France, Italy, Spain and Finland), with localised country-level customer hubs in each.

The core product is a portfolio of last-mile industrial and logistics real estate offered on direct, individually negotiated leases (long-term and flexible terms); pricing is not publicly disclosed. The go-to-market is enterprise B2B direct leasing targeting logistics and delivery operators, automotive supply-chain tenants (a 33,500 m² lease in Greater Stuttgart is referenced) and industrial manufacturers (a 14,500 m² lease expansion with INR in Malmö is referenced). Revenue mechanics are subscription-style recurring rental income on multi-year contracts, with no technology platform, marketplace, intermediary distribution or disclosed revenue model other than property leasing.

No proprietary technology platform, AI/ML capability, app, SDK, patent or trademark is disclosed in the source data. The company's commercial differentiation, as articulated in its own materials, is built on three pillars: (i) pan-European scale and last-mile location selection, (ii) flexible lease structures, and (iii) a sustainability programme (carbon footprint reduction, EV charging rollout, a "Mileway Acts" initiative) that is also marketed as a tenant benefit. Ownership, governance and management detail beyond a bare reference to founders Ian Watson (Joint Founder and CEO) and Richard Lowes (Finance Director) is not present in the source material, which limits the depth of corporate-structure analysis possible.

Name

Hansteen Holdings PLC

Legal name

Mileway

Website

https://hansteen.co.uk

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Hansteen Holdings PLC is a London-listed (LSE: HSTN) industrial REIT operating through Mileway as Europe's largest last-mile logistics and industrial real estate provider, leasing warehouses and distribution facilities to enterprise logistics, automotive and manufacturing tenants across nine European countries.

Ownership category

akta.pro rank

Product category

Industrial and Logistics Real Estate Leasing

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Last-Mile / Urban Industrial Brokerage (BPAJACAH)

akta.pro secondary industries

Warehousing & Logistics Facilities Brokerage (BPAJACAA), Truck Terminals & Transportation Facilities Brokerage (BPAJACAG)

Keywords

• Industrial real estate
• Logistics properties
• Last-mile delivery
• Warehouse leasing
• Urban distribution

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. Industrial/Logistics Property Leasing: Revenue generated from leasing last-mile industrial and logistics properties to businesses across European cities. Properties include warehouses, distribution facilities, and light industrial spaces offered on flexible and long-term lease terms.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Hansteen Holdings PLC, through its subsidiary Mileway, owns and leases last-mile industrial and logistics real estate properties across major European cities to B2B customers such as logistics companies, automotive suppliers, and manufacturers. The portfolio includes warehouses, distribution facilities, and light industrial spaces offered on flexible and long-term lease terms, with sustainability features such as EV charging and solar installations integrated into properties.

Product overview

Mileway operates as a single unified product offering — a last mile real estate platform providing industrial and logistics properties across Europe. The company offers sustainable property solutions including flexible lease options, EV charging infrastructure at properties, and strategic locations near major urban centers. The portfolio consists of industrial warehouse and logistics space available for lease to businesses requiring last-mile delivery capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Last-Mile Industrial and Logistics Property Leasing

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• INRcoreStrategic or Co-development Partner · 1 February 2026Mileway and INR extended their partnership with a 14,500 m² lease expansion at Tobaksfabriken in Malmö. The expansion supports INR's production operations and long-term sustainability goals, demonstrating an ongoing strategic relationship between the two companies.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Tritax Big Box REIT: UK-listed REIT focused on large-scale logistics warehouses. Overlaps in customer base and asset class, though focused on big-box rather than urban last-mile industrial.
• Goodman Group: Global industrial property group with European operations developing and owning logistics assets. Comparable business model as a logistics property specialist serving enterprise distribution customers.
• WDP (Warehouses De Pauw): Belgian-listed REIT specializing in semi-industrial and logistics properties across Western Europe. Comparable as a European-focused logistics property lessor with B2B enterprise leasing model.
• GLP (Global Logistic Properties): Major global logistics real estate platform with European presence. Overlaps in warehouse/logistics leasing to enterprise customers across multiple geographies.
• Prologis: Global industrial REIT with extensive European logistics portfolio. Comparable as a large-scale industrial/logistics property lessor serving enterprise customers across multiple European markets, though Prologis focuses on big-box rather than urban last-mile.

Emerging players

• ESR Group: Asia-Pacific focused logistics and data centre REIT expanding into Europe. Comparable as an institutional logistics property platform pursuing e-commerce-driven real estate demand.

Direct peers

• P3 Logistic Parks: European pan-regional logistics property owner and developer. Comparable as a direct competitor providing logistics warehousing across multiple European countries to similar enterprise tenants.
• Logicor: One of Europe's largest owners and operators of logistics real estate, backed by Blackstone. Directly comparable as a pan-European logistics property platform serving last-mile and distribution customers.
• SEGRO: UK-listed industrial REIT with significant last-mile/urban logistics exposure across Europe. Directly competes in the urban industrial asset class with similar B2B leasing model and enterprise customer base.

Regional players

• Catena AB: Swedish-listed logistics property company focused on Nordic and Northern European logistics real estate. Comparable in Scandinavia-focused last-mile/urban logistics strategy, especially relevant given Mileway's Swedish operations (Malmö INR lease).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mileway

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hansteen Holdings PLC