Disposal and Lettings Update

20 April 2010

Invista European Real Estate Trust SICAF

(the "Company" / "IERET")

BELGIAN office disposal AND LETTINGS UPDATE

Invista European Real Estate Trust has sold its ownership interests in a Belgian office asset for €7.7 million and completed over 250,000 sq ft of lettings in France.

As a matter of record, the Company also announces that, as of March 2010, it has become a constituent of the FTSE Small Cap Index and FTSE All Share Index.

Belgian office disposal

The Company has completed the transfer of an office asset located on Rue du Luxembourg in the centre of Brussels, Belgium to aik APO Immobilien-Kapitalanlagegesellschaft mbH, a German property investment company, for €7.7 million.

The asset comprises 2,057 sqm of office space and is currently fully let. Net proceeds from the transfer will be used to pay down debt and further de-leverage the Company.

Lettings progress - over 250,000 sq ft let in France

The Company has also recently completed negotiations in respect of two significant lettings in France on 138,000 sq ft of logistics accommodation and 113,000 sq ft of office space. These lettings will generate an additional three years of income security on these two investments.

The first letting relates to a logistics property in Vitrolles, Marseille where a long term lease has been finalised with a new tenant and the second relates to the main lease in an office building located in Paris, which was re-negotiated with automotive supplier Valeo on the basis of a longer term commitment.

Tony Smedley, Head of Continental European Funds at Invista Real Estate Investment Management, commented: "These transactions are a reflection of our active asset management approach to maximise total returns from the portfolio. We continue to look at ways to generate additional cash flow and mitigate leasing risk."

Contacts:

Invista Real Estate 

Tony Smedley/Chris Ludlam +44 20 7153 9369

Financial Dynamics

Dido Laurimore/Rachel Drysdale +44 20 7831 3113

About Invista European Real Estate Trust 

Invista European Real Estate Trust ("IERET") is domiciled in Luxembourg and listed on the main market of the London Stock Exchange. As at 31 December 2009 IERET had real estate assets valued at €526.7 million in seven countries.

IERET's investment objective is to provide shareholder returns through investing in diversified commercial real estate in Continental Europe with the potential for income and capital growth. The geographical focus of the Group remains the Western European countries due to the relative stability, transparency and liquidity of these markets.

For more information on IERET please visit www.ieret.eu

Issued by Invista Real Estate Investment Management Limited. Registered office, Exchequer Court, 33 St Mary Axe, London, EC3A 8AA. Registered in England and Wales. Registered number 04459443. Authorised and regulated by the Financial Services Authority.