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Alternative Income REIT PLC shares rose on Tuesday, after it confirmed the receipt of an indicative, non-binding proposal from AEW UK REIT PLC. Alternative Income, which invests in UK commercial property assets let on long leases, said it was responding to recent press reports. The trust said AEW UK, also a commercial real estate investor, is proposing an all-share takeover offer. The exchange offer ratio would be ‘calculated by reference to the respective net asset values of both companies, adjusted for transaction costs and dividends, and incorporating a 3% discount to the net asset value of [Alternative Income REIT],’ it added. Alternative Income said its board is currently evaluating the offer, and will make a further announcement ‘as and when appropriate’. The put-up-or-shut-up deadline, for AEW UK to either announce a firm intention to make an offer or to not make one, is 1700 BST on April 21. Alternative Income REIT shares were up 7.0% at 77.02 pence each on Tuesday afternoon in London. AEW UK shares were 1.2% higher at 103.40p each. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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