Alternative Income REIT buys Virgin Active club in Streatham for £5.1m
LONDON, UK: Alternative Income REIT PLC (AIRE), a UK commercial property investor, has acquired a Virgin Active leisure club in Streatham, South-West London, for £5.1 million. The deal reflects a high yield of 9.8% and a discount to replacement cost. The company said the purchase redeploys most of the proceeds from the sale of the…