There were no surprises in embattled Alternative Income REIT‘s (AIRE) latest quarterly update. A quarterly return of 0.4% reflects a small (£340k) reduction in the valuation of the portfolio, but all its properties are let and all the tenants are paying rent. The board remain adamant in their rejection of the Glenstone offer and remain confident in the company’s propsects as a standalone company. We are still waiting to see if AEW UK REIT (AEWU) makes a firm offer.
Ashoka India Equity (AIE) has announced details of its end September redemption opportunity. If you want to participate, redemption requests need to be submitted by 3 September (but realistically, your investment platform would need instructions at least a week ahead of that). The current discount is 4.6%.
