Market Capitalisation £557.46M

Picton Property Income Limited entered the UK REIT regime on 1 October 2018 and became a commercial company. As such Picton is outside the scope of AIFMD and is not required to produce a Key Information Document (KID) under PRIIPs.

RNS Number:2475N
ING UK Real Estate Income Trust Ltd
05 December 2006


ING UK Real Estate Income Trust Limited
5 December 2006

ING UK Real Estate Income Trust Ltd

Following the earlier announcement made on the 8th November 2006, ING UK Real
Estate Income Trust, a Guernsey registered closed-ended investment company
listed on the London Stock Exchange, is pleased to announce it has completed on
its acquisition of a portfolio of 8 properties for GBP 125.5 million.

Simultaneously it has exchanged contracts to dispose of one of these properties,
a small retail unit in Rugby, with completion due on the 8th December. The sale
price of GBP 4.6m reflects a net initial yield of 4.75%.

The portfolio has been acquired from Nivian Unit Trustees Limited and Merbrook
Unit Trust Investors, LLC. It comprised a multi-let industrial estate, 3 office
investments, 3 retail investments, a single-let distribution unit.

The portfolio acquisition was made possible by a successful placing of 26.5
million shares by JP Morgan Cazenove amounting to GBP 32.2 million (before
expenses) and an additional debt facility provided by JP Morgan.

Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

01481 745439


ING Real Estate Investment Management
60 London Wall
London
EC2M 5TQ


Selina Sasse
020 7767 5756
selina.sasse@ingrealestate.co.uk

Financial Dynamics
Holborn Gate
26 Southampton Buildings
London WC2A 1PB

020 7831 3113

Stephanie Highett
stephanie.highett@fd.com

Dido Laurimore
dido.laurimore@fd.com

END



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Occupier focused, Opportunity led