Disposal of French Warehouse Asset

13 July 2010

Invista European Real Estate Trust SICAF

(the "Company")

INVISTA EUROPEAN REAL ESTATE TRUST ANNOUNCES €2.75 MILLION SALE OF FRENCH WAREHOUSE ASSET

Invista European Real Estate Trust has completed the sale of a 5,056 sqm warehouse property in Cabries, France, for a total consideration of €2.75 million, to local distribution company Transport Ottaviani.

The total sale price reflects a 27.3% premium to the Company's 31 March 2010 independent property valuation.

The net proceeds from the sale will mainly be used to pay down debt to further de-leverage the Company.

Tony Smedley, Head of Continental European Funds at Invista Real Estate Investment Management, commented:

"This sale illustrates Invista's proactive approach in realising value from the portfolio where asset management plans for the properties have been satisfied. The property has been realised at a significant premium to the latest valuation, enabling the Company to further reduce its borrowings in line with the current fund strategy"

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For further information, please contact:

Invista Real Estate 

Tony Smedley/Chris Ludlam +44 20 7153 9369

Financial Dynamics

Dido Laurimore/Olivia Goodall +44 20 7831 3113

Notes to Editors:

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 March 2010 IERET had real estate assets valued at €522.95 million in seven countries.

IERET's investment objective is to provide shareholders with an attractive level of income return together with the potential for income and capital growth through investing in diversified commercial real estate in Continental Europe. The investment strategy has been predominantly focused on 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.