Disposal

ING UK Real Estate Income Trust Ltd
13 April 2007


ING UK Real Estate Income Trust Limited

13 April 2007


Sales to reduce the number of smaller assets within the portfolio


ING UK Real Estate Income Trust Ltd ('IRET' / 'the Company'), a Guernsey
registered closed-ended investment company, today announces the sale of two
detached warehouse units at Trafford Park, Manchester for GBP 5.765 million
reflecting an initial yield of 5.4% to Brixton plc. The property totals GIA
5,811 sq m (62,554 sq ft) and has two tenants, Boots and CMP Batteries. The
total current income is GBP 328,704 per annum with a further 6 and 8 years left
on the leases.


The company has also sold the smallest asset in the portfolio, located at
Oakwell Park Trading Estate, Birstall, Leeds, for GBP 1.21 million, reflecting
an initial yield of 5.93% to a private purchaser. The property is a single
storey warehouse unit extending to 1,623 sq m (17,467 sq ft) and is located
approximately 6 miles south west of Leeds.


The sales are in line with existing strategy to reduce the number of smaller
assets within the portfolio, which has grown to over GBP 700 million since
launch.


The Company also announces the acquisition of a single industrial unit at the
River Way Industrial Estate, Harlow comprising 40,051 sq m (431,101 sq ft). The
property is adjacent to the recently acquired River Way Industrial Estate,
Harlow which was purchased as part of a portfolio transaction in December. The
unit benefits from frontage to Cambridge Road and is currently vacant and it
will be refurbished prior to a letting campaign. The purchase price was GBP 2.6
million.


The Company, which has recently announced its results for the period from 15th
September 2005 to 31st December 2006, produced a profit of GBP 106.2 million.



For further information:


All Enquiries


ING Real Estate Investment Management (UK) Limited
Selina Sasse, 020 7767 5756, [e-mail]
Helen Stott, 020 7767 5648 [e-mail]


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: [phone]
Fax: [phone]



END



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