02:52 AM EDT, 07/20/2026 (MT Newswires) -- Alternative Income REIT (AIRE.L) said Monday that its board favors AEW UK REIT's (AEWU.L) all-stock takeover offer over Glenstone REIT's cash bid. The target company's board believes AEW's offer, under which its shareholders will receive 0.725 AEW share for each share held, has the potential to deliver a more attractive outcome from both a valuation and corporate governance perspective. The AEW bid implies a value of 0.774 pound per Alternative Income share and allows shareholders to remain invested in the combined business, Alternative Income noted. Glenstone recently raised its final cash offer for Alternative Income to 0.714 pound per share from 0.70 pound per share. However, Alternative Income's board urged shareholders to reject the Glenstone offer.

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