Lettings Update

 11 May 2011

Invista European Real Estate Trust SICAF

(the "Company"/ "IERET")

german portfolio Lettings update

Invista European Real Estate Trust SICAF has agreed two major lease extensions on assets in Germany that account for 7.9% of the Company's total rent roll.

Representing two of IERET's 10 largest existing tenants, Deutsche Post Immobilien GmbH ("DPI") and real SB-Warenhaus GmbH, have renewed their leases without breaks to provide a further six and thirteen years income security respectively.

The lease to DPI, a single tenant occupying a 53,895 sqm logistics unit in Lutterberg, was extended to April 2017, underlining the strategic importance of the location for the occupier, DHL.

The anchor tenant at the Riesapark Shopping Centre, real SB-Warenhaus GmbH, occupying 8,887 sqm and accounting for more than 25% of the centre's total rent, extended its lease to August 2024.

Following these lettings the weighted average lease length to expiry improved from 5.92 years to 6.22 years on the Company's entire portfolio.

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

"The extension of these important leases has substantially enhanced income security across IERET's portfolio and in particular its core German holdings. Securing long leases with a large single occupier and a key anchor tenant in two of IERET's largest assets once again demonstrates Invista's capability to proactively manage the Company's assets."

Contacts:

Invista Real Estate Investment Management

Tony Smedley/Chris Ludlam +44 20 7153 9369

Financial Dynamics

Dido Laurimore/Olivia Goodall +44 20 7831 3113

About Invista European Real Estate Trust 

Invista European Real Estate Trust is domiciled in Luxembourg and is a constituent of the FTSE-All-Share. As at 31 December 2010 IERET had real estate assets valued at €512.5 million in seven countries in Continental Europe.

The long-term investment objective of IERET 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 is France and Germany 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. Ref: INV-768