Glenstone makes £56m ‘hostile takeover' bid for Alternative Income Reit
The trust's largest shareholder cited ‘growing concern over potential portfolio issues' after its previous offer was rejected in November last year.
Why Saba’s real estate raid may come unstuck
Saba has set its sights on a new target – rental property landlord Grainger (GRI). It echoes its campaign at fellow London-listed REIT Workspace Group...
Glenstone launches hostile bid for Alternative Income REIT
The wave of consolidation sweeping the REIT (real estate investment trust) sector continues apace. Three weeks after issuing a public approach, Glenst...
Scottish Mortgage rallies on day of SpaceX IPO as fund manager Tom Slater warns its shares could be volatile
Update: Scottish Mortgage (SMT) shares rallied 5% after bullish SpaceX investors shook off a warning from fund manager Tom Slater of the potential for...
Partners Group Private Equity writes off £17m Pharmathen investment after Greek company hit by FDA import alert
Partners Group Private Equity (PEY) has written off its €20m (£17.3m) investment in Pharmathen, a Greek developer of advanced drug delivery technologi...
Picton Property “engaging with all stakeholders” as it takes time assessing LondonMetric and Schroder’s joint bid
Picton Property Income (PCTN) has said it is still assessing the joint bid from LondonMetric (LMP) and Schroder Real Estate (SREI) after delivering “s...
Glenstone unveils £56.3m hostile bid for Alternative Income REIT
Glenstone, the largest shareholder in Alternative Income REIT (AIRE), has made a £56.3m cash bid for the company, three weeks after making a public ap...
Trusts tempt pension funds back to spark UK recovery
Managers say the pension fund exodus from UK assets into global indices needs to be reversed in order to catalyse a recovery.
Schroder Asian Total Return to merge with Pacific Assets
Two prominent Asia-focused investment trusts have agreed plans to combine in a deal that would create a £1.1bn investment vehicle.
TR Property earnings jump 22% as macro turmoil masks recovery
Manager Marcus Phayre-Mudge accused Unite Group of 'hubris' after its '‘disastrous’ deal with Empiric Student Property.
Baillie Gifford’s European and Schiehallion trusts lift value of their top holding as Bending Spoons heads for $20bn IPO
Bending Spoons, the unquoted Italian digital turnaround company, has filed plans for a $20bn (£15bn) flotation in the US, boosting Baillie Gifford Eur...
‘Lights are green’ for Custodian REIT
Richard Shepherd-Cross, manager of Custodian Property Income (LON: CREI), says ‘all the lights are green’ for the investment trust. The FY26 10% NAV t...
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