Custodian Property Income (CREI) has made its second all-share acquisition of a family property company in two weeks, buying Scorpion Properties, a portfolio of five single-let industrial assets in the South Midlands along the M40 corridor for £8.5m. The 6.8%-yielding portfolio comprises of four vehicle accident repair centres let to one of the UK’s leading automotive repair businesses, and one unit let to the UK’s largest car-part distributor. It generates £600,000 annual rent, adding 1.3% to CREI’s rent roll but prospective rent rises lift the “reversionary” yield to 9.7%. Last month the £400m REIT bought the £36m Grove Court Properties portfolio and acquired a similar family-owned Merlin portfolio for £22m last summer.

After cutting its dividend by 10% in September, Alternative Income REIT (AIRE) is on track to deliver a full-year covered 5.6p per share pay-out. Including dividends, the 7%-yielding, £64m long lease commercial property fund made a 3.4% return in the half-year to 31 December.

RM Infrastructure Income (RMII) is to return a further £13m to shareholders as part of its managed wind-down through a tender offer. More details to be announced.

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