The board of Alternative Income REIT (AIRE) says it is assessing the terms of AEW UK REIT’s (AEWU) possible offer for the company, which was made last week and valued the company at 77.4p. This represented a premium of around 10.6% to the 70.0p offer made by its largest shareholder Glenstone. AIRE’s board says that it intends to engage with AEWU to determine whether the possible offer can be developed into a firm offer capable of recommendation and is strongly recommending that AIRE shareholders reject the Glenstone offer and will write to shareholders with its reasons.

GCP Infrastructure (GCP) has completed the sale of two operational onshore wind projects, Winscales Moor and Burton Wold, at a 13% premium to their book values at 31 March 2026. The disposal proceeds are made up of a day one consideration of £10.3m and deferred consideration elements, with £0.8m of tax-related proceeds expected imminently and £0.6m of deferred proceeds. The supported social housing disposal that will repay £47m of loans continues to progress, with completion expected in the coming months. Any excess cash will be used to continue the company’s share buyback programme.