News - Glenstone REIT

Glenstone acquire Leeds Industrial Unit

Posted on November 10, 2020

Glenstone have completed the purchase of a single let industrial unit in Leeds let to Just Trays Limited. Just Trays Limited are the UKs number 1 shower tray manufacturer and are in the process of relocating their HQ to the subject property which is located at the established Whitehall Industrial Estate adjacent to the A58.

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Tender Offer Documentation

Posted on November 3, 2020

Glenstone is pleased to release details of the Tender Offer Documentation.

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Posting of Tender Offer Document

Posted on November 3, 2020

Glenstone is pleased to announce that the tender offer document (the “Tender Offer Document”) and tender form (the “Tender Form”), containing, amongst other information, the full terms of, and conditions to, the Tender Offer and the procedures for tendering, are being posted by Glenstone today to the holders of ordinary shares in the capital of AIRE.

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Tender Offer

Posted on October 27, 2020

Glenstone Property PLC (“Glenstone”) announces its intention to acquire up to 20,125,000 ordinary shares for cash in Alternative Income REIT PLC (“AIRE”), representing up to 25.0 per cent. of AIRE’s issued share capital, by way of a tender offer (the “Tender Offer”) at a price of 59.25 pence per share and by way of market purchases.

Disposal of Properties

Posted on August 24, 2020

Glenstone Property plc (“Glenstone”) are pleased to report the completion of the sale of four West London residential properties of multiple occupation let to The Collective for a total consideration of £25m. This represents a net initial yield of 3.38%.

2020 Annual Report and Financial Statements

Posted on July 7, 2020

The Board of Directors are pleased to publish the Annual Report and Financial Statements for the year ended 31 March 2020.

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Property Income Distribution 2

Posted on June 30, 2020

The Directors of Glenstone Property plc are pleased to report that, at a Board meeting held on 11 June 2020, it was resolved that a second interim Property Income Distribution of 32p per Ordinary Share of 2p each is to be paid on 3 July 2020 in respect of the financial year ended 31 March 2020.

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Managing Director Appointment

Posted on June 1, 2020

At a Board meeting on 27 May 2020 it was confirmed that Ben Green would be appointed as Managing Director with immediate effect.

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