Bid battle breaks out over Alternative Income REIT

A bidding war for commercial property-focused fund Alternative Income REIT (LON:AIRE) has broken out with AEW UK REIT (LON:AEWU) re-entering the fray. AEWU, whose management group AEW previously ran AIRE, is mulling a possible all-share offer at a 6% discount to AIRE’s NAV. This is a more attractive offer than the cash bid on the … Continue reading Bid battle breaks out over Alternative Income REIT