Market Capitalisation £550.89M

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:2014E
ING UK Real Estate Income Trust Ltd
20 September 2007

ING UK Real Estate Income Trust Limited ('IRET')

20 September 2007

ING UK Real Estate Income Trust continues successful sales programme of smaller

ING UK Real Estate Income Trust Ltd ("IRET" / "the Company"), a Guernsey
registered closed-ended investment company, has completed on the sale of
Riverside Business Centre, North Esplanade West, Aberdeen for GBP 2.54 million
reflecting a net initial yield of 6.57%.

The multi-let property comprises a two storey office pavilion and two blocks of
industrial units totalling 16,350 sq ft (1,519 sq m). It is let to 16 tenants
all of which are on leases of three years, producing an income of GBP 166,820
per annum. IRET acquired the property for GBP 1.7 million in 2005 and has been
sold following a programme of asset management to re-gear all the occupational

Commenting, Michael Morris, Fund Manager, said:

"The sale of Aberdeen represents our fourth disposal this year and is consistent
with our strategy to reduce the number of smaller assets within the fund where
we have completed our programme of active asset management."

For further information:

All Enquiries

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port



Tel: 01481 745439

Fax: 01481 745085

ING Real Estate Investment Management (UK) Limited

Selina Sasse, 020 7767 5756,

Helen Stott, 020 7767 5648

Financial Dynamics

Dido Laurimore/Stephanie Highett, 020 7831 3113

                      This information is provided by RNS
            The company news service from the London Stock Exchange


Occupier focused, Opportunity led