Hansteen will now concentrate on its warehousing property in the UK, which has seen huge gains in recent months thanks to a boom in internet retailers needing space and a lack of supply. The company will report its full year results today.

Both the FTSE 100 and FTSE 250 closed at record highs on Monday. The FTSE 100 closed at 7,429.81, up 0.07pc on the day having climbed steadily after an initial fall this morning. Meanwhile, the FTSE 250 finished Monday at 19,151.80, 0.3pc higher.

Private equity group 3i led the FTSE 100, with its shares up 1.8pc to 734p. The company was boosted by the launch of a new North American business, headed up by former Hastings Funds Management boss Rob Collins., which will focus on infrastructure investment.