Glenstone Reit

Glenstone REIT’s takeover offer for Alternative Income REIT (AIRE) has been declared unconditional. The company said that 50.42% of AIRE's issued ordinary share capital have accepted its 70p per share offer on September 8. 

Glenstone REIT has urged AIRE shareholders to accept its takeover offer "immediately," warning that those who miss platform deadlines risk losing out on the cash on offer for their shares. Independent shareholder support for the offer has accelerated in recent days, including valid acceptances from

Alternative Income Reit (AIRE) has urged its shareholders to vote against Glenstone REIT's offer to take over the company, accusing it of creating "unwarranted uncertainty" about the future of the fund. The board of AIRE launched the scathing attack against its largest shareholder, claiming it has f

Glenstone real estate investment trust (Reit) is in a bidding war with AEW UK over the smallest of the UK generalist property trusts Alternative Income Reit (AIRE), as concerns grow over shareholders facing a future in an unlisted and illiquid trust. Last week, Glenstone, its largest shareholder, ma