ING UK Real Estate Income Trust Ltd
16 July 2007
ING UK Real Estate Income Trust Limited
16h July 2007
Sales programme for smaller asset sales continues
ING UK Real Estate Income Trust Ltd ('IRET' / 'the Company'), a Guernsey
registered closed-ended investment company, has completed on the sale of Wren
House, Hedgerows Business Park, Chelmsford, Essex for GBP 3.85 million
reflecting a net initial yield of 6.14%.
The 1990 office building comprises 13,903 sq ft (1,291.58 sq m) with 58 car park
spaces. The property is let to The First Secretary of State until March 2018 at
GBP 250,000 per annum and with a break option March 2013.
The sale is the third this year and is in line with the Company's strategy to
reduce the number of smaller assets where there is limited active management
potential.
For further information:
All Enquiries
ING Real Estate Investment Management (UK) Limited
Selina Sasse, 020 7767 5756, selina.sasse@ingrealestate.co.uk
Helen Stott, 020 7767 5648 helen.stott@ingrealestate.co.uk
Financial Dynamics
Dido Laurimore/Stephanie Highett, 020 7831 3113
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745439
Fax: 01481 745085
This information is provided by RNS
The company news service from the London Stock Exchange
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