Investment Managers Report

ING UK Real Estate Income Trust Ltd
18 February 2008


                    ING UK REAL ESTATE INCOME TRUST LIMITED


Attached is a link to the quarterly Investment Manager's newsletter for Quarter
4 2007.


http://www.rns-pdf.londonstockexchange.com/rns/1846o_-2008-2-18.pdf


Enquiries:


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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