Sale Completion of Chateauneuf, France

29 July 2013

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

Invista European real estate trust Completes the sale of A vacant LOGISTICS asset in FRANCE

Invista European Real Estate Trust has completed the sale of a logistics asset located in Châteauneuf-de-Gadagne, approximately 15km east of Avignon, France. The sale was achieved at a net sale price of €3.5 million which represents a 3.4% discount to 30 June 2013 valuation. The proceeds were used to repay €3.2 million in outstanding debt and close the associated swap contract.

As the 17,435 sqm logistics asset has been fully vacant since the last tenant left the property in 2008, this disposal reduces the Fund's overall void rate, calculated as vacant ERV as a percentage of total potential rent, from 22.3% (as at 30 June 2013) to a figure of 21.0%. It also reduces non recoverable and debt service costs by €0.33m per year.

The sale exemplifies the Company's active commitment to improving the quality of its portfolio by selling vacant assets and maximising net operating income.