Disposal

ING UK Real Estate Income Trust Ltd
24 October 2007


ING UK Real Estate Income Trust Limited ('IRET')
24 October 2007

ING UK Real Estate Income Trust Limited continues successful sales programme of
smaller assets

ING UK Real Estate Income Trust Ltd ('IRET' / 'the Company'), a Guernsey
registered closed-ended investment company, has exchanged contracts on the sale
of 40 Garsington Road, Cowley, Oxford to an owner occupier, for GBP 4.85
million.

40 Garsington Road is a freehold purpose built distribution warehouse totalling
39,061 sq ft (3,628 sq m). The property, which is let to B H Blackwell Limited,
will become vacant in November 2007 following a tenant break option. The
outgoing tenant is paying the company a penalty of GBP 131,875, equivalent to
six months rental to terminate the lease.

The sale is conditional on the purchaser obtaining planning consent to install a
mezzanine floor in the unit. This is expected to be achieved within the next 3
months.

Commenting, Michael Morris, Fund Manager, said:

'This is the fifth sale of smaller assets from within the portfolio this year.
It is consistent with our strategy to dispose of assets where there is limited
potential to add value through future active management.'


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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