Glenstone REIT Declares Takeover Offer for Alternative Income REIT Unconditional

03:38 AM EDT, 09/09/2026 (MT Newswires) -- Glenstone REIT said Wednesday its takeover proposal for Alternative Income REIT (AIRE.L) has become unconditional. The company's offer, valued at 0.714 pound sterling per share, received acceptances from shareholders representing 22.78% of the London-listed real estate investment trust as of Tuesday. The inclusion of the 18,341,538 Alternative Income shares tendered for the offer increased Glenstone's ownership in the target to 40,591,438 shares or 50.42% of Alternative Income's total issued ordinary share capital. The offer remains open for acceptance. Amid the development, Alternative Income recommended that shareholders who have yet to do so accept Glenstone's proposal, despite maintaining that the offer undervalues the company and its prospects.