5th Dec 2006 09:09
ING UK Real Estate Income Trust Ltd05 December 2006 ING UK Real Estate Income Trust Limited5 December 2006 ING UK Real Estate Income Trust Ltd Following the earlier announcement made on the 8th November 2006, ING UK RealEstate Income Trust, a Guernsey registered closed-ended investment companylisted on the London Stock Exchange, is pleased to announce it has completed onits acquisition of a portfolio of 8 properties for GBP 125.5 million. Simultaneously it has exchanged contracts to dispose of one of these properties,a small retail unit in Rugby, with completion due on the 8th December. The saleprice of GBP £4.6m reflects a net initial yield of 4.75%. The portfolio has been acquired from Nivian Unit Trustees Limited and MerbrookUnit Trust Investors, LLC. It comprised a multi-let industrial estate, 3 officeinvestments, 3 retail investments, a single-let distribution unit. The portfolio acquisition was made possible by a successful placing of 26.5million shares by JP Morgan Cazenove amounting to GBP 32.2 million (beforeexpenses) and an additional debt facility provided by JP Morgan. Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL 01481 745439 ING Real Estate Investment Management60 London WallLondonEC2M 5TQ Selina Sasse020 7767 [email protected] Financial DynamicsHolborn Gate26 Southampton BuildingsLondon WC2A 1PB 020 7831 3113 Stephanie [email protected] Dido [email protected] END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Picton Prop