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 : 1706X
ING UK Real Estate Income Trust Ltd
10 August 2009

ING UK Real Estate Income Trust Limited (IRET)

10 August 2009

ING UK Real Estate Income Trust makes asset disposal on the Isle of Man

ING UK Real Estate Income Trust Ltd ("IRET" / "the Company"), a Guernsey registered closed-ended investment company, today announces that it has exchanged contracts and simultaneously completed the sale of Royal London House, Douglas, Isle of Man for a total consideration of GBP 7.1 million. 

The sale to the tenant, which is in line with the June 2009 valuation, follows the positive settlement of the rent review earlier this year.

Michael Morris, Fund Manager, comments:-

The sale of this non core, offshore asset, will provide the Company with greater operational flexibility and as such will also allow us to selectively consider acquisition opportunities within the mainland UK market.

For further information:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port


Tel: 01481 745480

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