Acquisition

ING UK Real Estate Income Trust Ltd
15 August 2006


ING UK Real Estate Income Trust Limited
15 August 2006


ING UK Real Estate Income Trust Ltd exchanges on GBP 16.45 million of
transactions

ING UK Real Estate Income Trust Ltd ('IRET' / 'the Trust'), a Guernsey
registered closed-ended investment company, managed by ING Real Estate
Investment Management (UK) Limited, today announces that it has exchanged
contracts to acquire an industrial unit in Washington, Tyne & Wear. It has also
agreed to dispose of a retail unit in the Edinburgh suburbs.

The Trust has agreed to purchase an industrial unit called VIGO 250, located at
Birtley Road in Washington, Tyne & Wear for GBP 12.85 million reflecting a net
initial yield of 6.25%. The unit is a high specification production/warehouse
building totalling 246,752 sq. ft. (22,924 sq. m), constructed in 1995. The
building has recently been let to AIM listed Tanfield Group Plc for a term of 25
years at an initial rent of GBP 850,000 per annum with five yearly, upward only
rent reviews and benefits from a minimum fixed uplifts in years 5 and 10.
Completion of the acquisition is due on the 29th September 2006.

The Trust has agreed to dispose of one of its smaller assets, a supermarket at
Gorgie Park Road, Edinburgh for GBP 3.6 million which reflects a net initial
yield of 4.14%. The 15,211 sq. ft. (1,413 sq. m.) supermarket is let to Kwik
Save Stores Ltd trading as Somerfield. Completion of the disposal is due on the
18th August 2006.

Elliot Caldwell, Fund Manager of ING UK Real Estate Income Trust, said:

'These two transactions will further enhance the income driven nature of the
Trust. We have disposed of a low yielding retail investment and acquired a well
located industrial unit with an attractive income profile, utilising the
additional debt facility which was put in place last month.'

Ryden advised the Trust on the acquisition.

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
[e-mail]


Financial Dynamics
Holborn Gate
26 Southampton Buildings
London WC2A 1PB

020 7831 3113

Stephanie Highett
[e-mail]

Dido Laurimore
[e-mail]

END



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