Alternative Income REIT responds to Glenstone approach

Glenstone makes bid approach for Alternative Income REIT saying it needs a "viable exit" after AEW UK talks breakdown

Update: Glenstone, the largest shareholder in Alternative Income REIT (AIRE), has launched a bid approach for the £56m real estate investment trust with a view to selling most of the company’s assets and winding it down. Shares in AIRE, the smallest London-listed commercial property fund, rose 3.9%, or 2.7p, to 72.4p on Friday after Glenstone, a 24% stake holder, said it was considering a possible cash offer. However, they reversed this gain on …

Alternative Income REIT responds to Glenstone approach

Alternative Income REIT has responded to a proposal from its largest shareholder, Glenstone REIT, regarding a possible cash offer for the rest of the issued share capital announced on Friday. Glenstone has a stake of around 24% in Alternative Income REIT and Alternative Income REIT notes that the approach is not evaluable, as it lacks […] The post Alternative Income REIT responds to Glenstone approach appeared first on UK Investor Magazine.