Transfer of asset

4 February 2010

Invista European Real Estate Trust SICAF (the "Company")

Invista European Real Estate Trust Announces

€15.7 million Transfer of BELGIAN office

Invista European Real Estate Trust has today completed the transfer of an office asset located on Campus Remy in the outskirts of Leuven, Belgium to its main tenant, KVLV group, a Belgian non-profit organisation associated with the Flemish Farmers' Union.

The asset comprises 10,230 sqm of office space and is currently fully income producing. The transfer was realised at a price 6% above the 9 October 2009 valuation.

Net proceeds from the transfer will be used to pay down debt and further de-leverage the Company.

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

"This asset has been transferred after having maximised its asset management potential and was realised at a premium to the last valuation. This is a good result for the Company in such challenging markets. Our ability to identify the purchaser is a reflection of our pro-active asset management approach. We continue to look for similar opportunities across the rest of the portfolio as we work to maximise total returns from the property portfolio and reduce the Company's borrowings."

Contacts:

Invista Real Estate 

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 ("IERET") is domiciled in Luxembourg and listed on the main market of the London Stock Exchange. As at 9 October 2009 IERET had real estate assets valued at €541.6 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. Ref: INV-507