Glenstone Secures 87% Stake in Alternative Income REIT

07:30 AM EDT, 10/27/2026 (MT Newswires) -- Glenstone REIT secured an 87.08% stake in British investment trust Alternative Income REIT (AIRE.L), representing 70.1 million shares, through existing holdings and valid acceptances under its cash takeover offer of 0.7 pound sterling per share. The British property investor needs another 4.3 million shares, or 5.39%, to reach the squeeze-out threshold required to force a buyout of the remaining shares, according to a Tuesday release. Glenstone then plans to take full ownership of Alternative Income REIT, delist it, and re-register it as a private company. The offer will remain open and shareholders will be given at least 14 days' notice before it closes.