Market Capitalisation £426.04M

Following government guidelines in relation to the COVID-19 outbreak, Picton remains open with all our team working remotely until further notice. Please click here for our key contacts. You can also email us at and we will redirect your query appropriately.

RNS Number : 7631E
ING UK Real Estate Income Trust Ltd
01 October 2008

ING UK Real Estate Income Trust Limited

1 October 2008

ING UK Real Estate Income Trust announces disposal of mixed-use asset

ING UK Real Estate Income Trust Ltd ("IRET" / "the Company"), a Guernsey registered closed-ended investment company, today announces that it has exchanged contracts on the sale of a mixed-use property at 593-599 Fulham Road, London for a total consideration of GBP 4.7 million to an overseas investor. 

The property comprises a retail unit at ground and basement levels, with three floors of offices above. The property was sold to an overseas investor at a yield of 6.7% and the price reflects a 4.6% discount to the June 2008 valuation.

The company has also completed the two disposals announced to the market on the 22nd August and 8th September 2008 respectively for a combined consideration of GBP 15 million

For further information:

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

Helen Stott, 020 7767 5648,

Financial Dynamics

Dido Laurimore/Laurence Jones, 020 7831 3113


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

Occupier focused, Opportunity led