Alternative Income REIT Plc (GB:AIRE) has released an update.
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Alternative Income REIT PLC has acquired Champneys Beauty School in Tring for £2.5 million, offering a net initial yield of 6.5%. The property is fully let to Champneys Tring Limited on a long lease with indexed-linked rents, ensuring a stable income stream. Located in an affluent area with excellent transport links, this investment enhances AIRE’s diversified portfolio.
For further insights into GB:AIRE stock, check out TipRanks’ Stock Analysis page.