(IRET.L) ING UK Real Estate Income Trust Buy/Sell

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Date/Time	Headline	Source
1
Mon 15:12	ING UK Real EstateIT - Sale of Shares	RNS
RNS Number : 8380G ING UK Real Estate Income Trust Ltd 08 February 2010 ING UK Real Estate Income Trust Limited ('IRET') 8 February 2010 Sale of Shares by ING Real Estate Investment Management (UK Funds) Limited ING Real Estate Investment Management (UK Funds) Limited has notified the Company under DTR 3.1.4 R (1) ( c ) that on behalf of discretionary clients it sold 1,849,656 shares for these clients at an average price of 51.51p. " All Enquiries The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL `Tel: 01481 745814` `Fax: 01481 745085` END This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFLEFLITIII More
Wed 15:51	ING UK Real EstateIT - Dividend Declaration	RNS
RNS Number : 6393G ING UK Real Estate Income Trust Ltd 03 February 2010 3 February 2010 ING UK Real Estate Income Trust Limited ("IRET") `Re: Dividend Announcement` The Directors of ING UK Real Estate Income Trust Limited ("the Directors") have declared that an interim dividend be payable in respect of the period from 1 October 2009 to 31 December 2009 as follows:- `Ex Date 10 February 2010` `Record Date 12 February 2010` `Pay Date 26 February 2010` `Dividend per Share 1 pence` All Enquiries: The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Tel: 01481 745814 Fax: 01481 745085 END This information is provided by RNS The company news service from the London Stock Exchange END DIVTJMATMBAMBMM More
21-01-10	ING UK Real EstateIT - Net Asset Value(s)	RNS
RNS Number : 9406F ING UK Real Estate Income Trust Ltd 21 January 2010 ING UK Real Estate Income Trust Limited 21 January 2010 ING UK Real Estate Income Trust Limited (IRET) - Net Asset Value as at 31 December 2009 The unaudited Net Asset Value ('NAV') per share of ING UK Real Estate Income Trust Limited (the "Company") as at 31 December 2009 was GBP 181.1m, reflecting approximately 55 pence per share. The NAV attributable to the Ordinary Shares is calculated under International Financial Reporting Standards ('IFRS') and reflects an increase of approximately 6 pence per share, or 12%, compared to the previous quarter. At an underlying property level there has been a GBP 20.4m increase in the property portfolio valuation, representing a 6.1% increase over the period. It also includes an upwards adjustment in respect of the mark to market value of the interest rate swaps of GBP 0.8m. This NAV figure incorporates the external portfolio valuation as at 31 December 2009. It includes income for the current quarter and is calculated after the deduction of dividends paid prior to 31 December 2009, but it does not include provision for the next quarterly dividend which is expected to be paid in February 2010. The unaudited NAV is as follows: `31 Dec 30 Sept 30 Jun 31 Mar` 2009 2009 2009 2009 `£m £m £m £m` `Investment properties 352.5 333.4 357.3 395.6` `Other assets* 59.4 45.1 56.7 36.2` `Other liabilities (15.2) (15.3) (15.8) (17.0)` `Borrowings* (204.0) (190.0) (225.0) (225.0)` `Market value of interest rate swaps (11.6) (12.4) (11.2) (16.7)` `Net Asset Value 181.1 160.8 162.0 173.1` The movements in the NAV can be summarised as follows; `Total Per share movement` `£'000 pence %` `NAV at 30 September 2009 160.8 49` `Gains in property values (realised and unrealised 19.1 6 12%` ) `Movement in swap value 0.8 - -` `Net income for the period (after distributions) 0.4 - -` `NAV at 31 December 2009 181.1 55 12%` THE COMPANY'S SECURITISED DEBT FACILITY HAS A LIQUIDITY FACILITY OF GBP 14M PROVIDED BY BARCLAYS BANK PLC ('THE PROVIDER') ATTACHED TO IT. AS A RESULT OF THE PROVIDER FALLING BELOW THE MINIMUM CREDIT RATING IT WAS A REQUIREMENT THAT THE LIQUIDITY FACILITY WAS DRAWN DOWN IN FULL. THIS HAS A NEUTRAL IMPACT ON THE COMPANY'S NAV WITH THE INCREASE IN BORROWINGS OFFSET BY THE INCREASE IN CASH ALBEIT NET INTEREST COSTS WILL RISE BY APPROXIMATELY &POUND;100,000 PA TO REFLECT THE ONGOING COST OF THE DRAWN FACILITY. An external valuer will next value the property portfolio during March 2010 and the NAV per share as at 31 March 2010 will be issued in April 2010. The Company will be preparing its next Annual Report to 31 December 2009, and this will be issued to shareholders in April 2010. Investment Manager Commentary The UK Commercial Property Market experienced a rapid improvement in pricing over Q4 2009. This recovery has principally been driven by the high demand for real estate, coupled with a lack of suitable product available on the market. The IPD Monthly Index delivered positive capital growth in October, November, and December of 1.9%, 2.4%, and 3.0% respectively. The December figure was the largest monthly increase in IPD's 23-year history. Set against this backdrop, the majority of the Company's assets saw significant positive revaluation movements over the period which was primarily driven by yield compression. As with the IPD results, Retail Warehouse was the best performing sector. The underlying movements in the property valuation and the current sector weightings are set out in more detail below: `Sector Capital Valuation Weighting` `Movement 31 December 2009` `Retail 7.2% 13.7%` `Offices - Central/Greater London 6.1% 13.3%` `Offices - Rest of UK 4.4% 27.2%` `Industrial 4.7% 32.3%` `Leisure 2.8% 5.1%` `Retail Warehouse 19.5% 8.4%` `Total 6.1% 100.0%` The portfolio's Net initial yield and the Net reversionary yield both moved inwards over the period. As at 31 December 2009, the portfolio had a Net initial yield of 7.54% and a Net reversionary yield of 8.50%. The occupancy rate was approximately 93% and the average lease length was 8.6 years. Notable transactions over the quarter included a new letting at Broadmead, Bristol to Barclays Bank for a term of 15 years at a rent of £415,000 pa; the letting of the 4th floor at Boundary House, London to Holman Fenwick Willan LLP at a rent of £113,470 pa; and the regear of the Texas Instruments Ltd lease at Northampton Business Park at a rent of £346,178 pa. The Company remains compliant with its principal banking covenants, with a current LTV for its securitised pool of 48.0% and an Interest Cover Ratio of 2.55 as at the Q4 2009 test date. The Company continues to have operational funds outside the securitised pool. For further information: All Enquiries The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL `Tel: 01481 745814` `Fax: 01481 745085` ING Real Estate Investment Management (UK) Limited Helen Stott, 020 7767 5648 helen.stott@ingrealestate.co.uk Financial Dynamics Dido Laurimore, 020 7831 3113, dido.laurimore@fd.com Laurence Jones, 020 7831 3113, laurence.jones@fd.com This information is provided by RNS The company news service from the London Stock Exchange END NAVPGUGAGUPUGCG More
21-01-10	ING UK Real EstateIT - Net Asset Value(s)	RNS
RNS Number : 9406F ING UK Real Estate Income Trust Ltd 21 January 2010 ING UK Real Estate Income Trust Limited 21 January 2010 ING UK Real Estate Income Trust Limited (IRET) - Net Asset Value as at 31 December 2009 The unaudited Net Asset Value ('NAV') per share of ING UK Real Estate Income Trust Limited (the "Company") as at 31 December 2009 was GBP 181.1m, reflecting approximately 55 pence per share. The NAV attributable to the Ordinary Shares is calculated under International Financial Reporting Standards ('IFRS') and reflects an increase of approximately 6 pence per share, or 12%, compared to the previous quarter. At an underlying property level there has been a GBP 20.4m increase in the property portfolio valuation, representing a 6.1% increase over the period. It also includes an upwards adjustment in respect of the mark to market value of the interest rate swaps of GBP 0.8m. This NAV figure incorporates the external portfolio valuation as at 31 December 2009. It includes income for the current quarter and is calculated after the deduction of dividends paid prior to 31 December 2009, but it does not include provision for the next quarterly dividend which is expected to be paid in February 2010. The unaudited NAV is as follows: `31 Dec 30 Sept 30 Jun 31 Mar` 2009 2009 2009 2009 `£m £m £m £m` `Investment properties 352.5 333.4 357.3 395.6` `Other assets* 59.4 45.1 56.7 36.2` `Other liabilities (15.2) (15.3) (15.8) (17.0)` `Borrowings* (204.0) (190.0) (225.0) (225.0)` `Market value of interest rate swaps (11.6) (12.4) (11.2) (16.7)` `Net Asset Value 181.1 160.8 162.0 173.1` The movements in the NAV can be summarised as follows; `Total Per share movement` `£'000 pence %` `NAV at 30 September 2009 160.8 49` `Gains in property values (realised and unrealised 19.1 6 12%` ) `Movement in swap value 0.8 - -` `Net income for the period (after distributions) 0.4 - -` `NAV at 31 December 2009 181.1 55 12%` THE COMPANY'S SECURITISED DEBT FACILITY HAS A LIQUIDITY FACILITY OF GBP 14M PROVIDED BY BARCLAYS BANK PLC ('THE PROVIDER') ATTACHED TO IT. AS A RESULT OF THE PROVIDER FALLING BELOW THE MINIMUM CREDIT RATING IT WAS A REQUIREMENT THAT THE LIQUIDITY FACILITY WAS DRAWN DOWN IN FULL. THIS HAS A NEUTRAL IMPACT ON THE COMPANY'S NAV WITH THE INCREASE IN BORROWINGS OFFSET BY THE INCREASE IN CASH ALBEIT NET INTEREST COSTS WILL RISE BY APPROXIMATELY &POUND;100,000 PA TO REFLECT THE ONGOING COST OF THE DRAWN FACILITY. An external valuer will next value the property portfolio during March 2010 and the NAV per share as at 31 March 2010 will be issued in April 2010. The Company will be preparing its next Annual Report to 31 December 2009, and this will be issued to shareholders in April 2010. Investment Manager Commentary The UK Commercial Property Market experienced a rapid improvement in pricing over Q4 2009. This recovery has principally been driven by the high demand for real estate, coupled with a lack of suitable product available on the market. The IPD Monthly Index delivered positive capital growth in October, November, and December of 1.9%, 2.4%, and 3.0% respectively. The December figure was the largest monthly increase in IPD's 23-year history. Set against this backdrop, the majority of the Company's assets saw significant positive revaluation movements over the period which was primarily driven by yield compression. As with the IPD results, Retail Warehouse was the best performing sector. The underlying movements in the property valuation and the current sector weightings are set out in more detail below: `Sector Capital Valuation Weighting` `Movement 31 December 2009` `Retail 7.2% 13.7%` `Offices - Central/Greater London 6.1% 13.3%` `Offices - Rest of UK 4.4% 27.2%` `Industrial 4.7% 32.3%` `Leisure 2.8% 5.1%` `Retail Warehouse 19.5% 8.4%` `Total 6.1% 100.0%` The portfolio's Net initial yield and the Net reversionary yield both moved inwards over the period. As at 31 December 2009, the portfolio had a Net initial yield of 7.54% and a Net reversionary yield of 8.50%. The occupancy rate was approximately 93% and the average lease length was 8.6 years. Notable transactions over the quarter included a new letting at Broadmead, Bristol to Barclays Bank for a term of 15 years at a rent of £415,000 pa; the letting of the 4th floor at Boundary House, London to Holman Fenwick Willan LLP at a rent of £113,470 pa; and the regear of the Texas Instruments Ltd lease at Northampton Business Park at a rent of £346,178 pa. The Company remains compliant with its principal banking covenants, with a current LTV for its securitised pool of 48.0% and an Interest Cover Ratio of 2.55 as at the Q4 2009 test date. The Company continues to have operational funds outside the securitised pool. For further information: All Enquiries The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL `Tel: 01481 745814` `Fax: 01481 745085` ING Real Estate Investment Management (UK) Limited Helen Stott, 020 7767 5648 helen.stott@ingrealestate.co.uk Financial Dynamics Dido Laurimore, 020 7831 3113, dido.laurimore@fd.com Laurence Jones, 020 7831 3113, laurence.jones@fd.com This information is provided by RNS The company news service from the London Stock Exchange END NAVPGUGAGUPUGCG More
21-01-10	ING UK Real EstateIT - Holding(s) in Company	RNS
RNS Number : 9284F ING UK Real Estate Income Trust Ltd 21 January 2010 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi `1. Identity of the issuer or the underlying issuer ING UK Real Estate Income Trust Limited` of existing shares to which voting rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): `An acquisition or disposal of voting rights X` An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Nationale-Nederlanden Intervest XII B.V.` notification obligation: iii `4. Full name of shareholder(s) N/A` (if different from 3.):iv `5. Date of the transaction and date on January 20, 2010` which the threshold is crossed or reached: v `6. Date on which issuer notified: January 21, 2010` `7. Threshold(s) that is/are crossed or 3%` reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting rights x` `of of of shares rights` `Shares Voting` `Rights` `Direct Direct xi Indirect xii Direct Indirect` `Ordinary Shares 11,094,029 11,094,029 8,784,029 8,784,029 2.659%` GB00B0LCW208 B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date xiii Conversion Period xiv rights that may be rights` `acquired if the` `instrument is` `exercised/ converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction `Type of financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx` `instrument Conversion period xviii` `Nominal Delta` Total (A+B+C) `Number of voting rights Percentage of voting rights` `8,784,029 2.659%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease N/A` to hold: `12. Date on which proxy holder will cease to hold N/A` voting rights: `13. Additional information: N/A` `14. Contact name: N/A` `15. Contact telephone number: N/A` Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in share A: Identity of the persons or legal entity subject to the notification obligation `Full name Nationale-` `(including legal form of legal entities) Nederlanden` `Intervest XII B.V.` `Contact address Schenkkade 65` `(registered office for legal entities) Den Haag` 2595 AS `Netherlands` `Phone number & email +31 70 3418885` `Ido.Esman@` `ingrealestate.com` `Other useful information Ido Esman` (at least legal representative for legal persons) B: Identity of the notifier, if applicable `Full name Ido Esman` `Contact address Schenkkade 65` `Den Haag` 2595 AS `Netherlands` `Phone number & email +31 70 3418885` `Ido.Esman@` `ingrealestate.com` `Other useful information Fund Manager ING` `(e.g. functional relationship with the person or legal entity subject to the notification obligation) Insurance Clients` C: Additional information For notes on how to complete form TR-1 please see the FSA website. This information is provided by RNS The company news service from the London Stock Exchange END HOLUAUURROAAUAR More
21-01-10	ING UK Real EstateIT - Holding(s) in Company	RNS
RNS Number : 9284F ING UK Real Estate Income Trust Ltd 21 January 2010 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi `1. Identity of the issuer or the underlying issuer ING UK Real Estate Income Trust Limited` of existing shares to which voting rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): `An acquisition or disposal of voting rights X` An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Nationale-Nederlanden Intervest XII B.V.` notification obligation: iii `4. Full name of shareholder(s) N/A` (if different from 3.):iv `5. Date of the transaction and date on January 20, 2010` which the threshold is crossed or reached: v `6. Date on which issuer notified: January 21, 2010` `7. Threshold(s) that is/are crossed or 3%` reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting rights x` `of of of shares rights` `Shares Voting` `Rights` `Direct Direct xi Indirect xii Direct Indirect` `Ordinary Shares 11,094,029 11,094,029 8,784,029 8,784,029 2.659%` GB00B0LCW208 B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date xiii Conversion Period xiv rights that may be rights` `acquired if the` `instrument is` `exercised/ converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction `Type of financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx` `instrument Conversion period xviii` `Nominal Delta` Total (A+B+C) `Number of voting rights Percentage of voting rights` `8,784,029 2.659%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease N/A` to hold: `12. Date on which proxy holder will cease to hold N/A` voting rights: `13. Additional information: N/A` `14. Contact name: N/A` `15. Contact telephone number: N/A` Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in share A: Identity of the persons or legal entity subject to the notification obligation `Full name Nationale-` `(including legal form of legal entities) Nederlanden` `Intervest XII B.V.` `Contact address Schenkkade 65` `(registered office for legal entities) Den Haag` 2595 AS `Netherlands` `Phone number & email +31 70 3418885` `Ido.Esman@` `ingrealestate.com` `Other useful information Ido Esman` (at least legal representative for legal persons) B: Identity of the notifier, if applicable `Full name Ido Esman` `Contact address Schenkkade 65` `Den Haag` 2595 AS `Netherlands` `Phone number & email +31 70 3418885` `Ido.Esman@` `ingrealestate.com` `Other useful information Fund Manager ING` `(e.g. functional relationship with the person or legal entity subject to the notification obligation) Insurance Clients` C: Additional information For notes on how to complete form TR-1 please see the FSA website. This information is provided by RNS The company news service from the London Stock Exchange END HOLUAUURROAAUAR More
20-01-10	ING UK Real EstateIT - Holding(s) in Company	RNS
RNS Number : 8453F ING UK Real Estate Income Trust Ltd 20 January 2010 Financial Services Authority TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES `1. Identity of the issuer or the underlying issuer ING UK Real Estate Income Trust Limited` of existing shares to which voting rights are attached: 2. Reason for the notification (please tick the appropriate box or boxes): `An acquisition or disposal of voting rights Yes` An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Legal & General Group Plc (L&G)` notification obligation: `4. Full name of shareholder(s) Legal & General Assurance (Pensions Management) Limited (PMC)` (if different from 3.): `15 January 2010` 5. Date of the transaction and date on which the threshold is crossed or reached: `6. Date on which issuer notified: 19 January 2010` `7. Threshold(s) that is/are crossed or L&G (From 3% to 4%)` reached: 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number of voting % of voting rights` `of of Number rights` `Shares Voting of shares` `Rights` `Direct Indirect Direct Indirect` `Ordinary NPV 13,113,781 13,329,036 13,329,036 4.03%` `(As on 20/10/2009)` B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Number of voting` `Type of financial Expiration Exercise/ rights that may be % of voting` `instrument date Conversion Period acquired if the rights` `instrument is` `exercised/ converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise price Expiration date Exercise/ Number of voting rights instrument refers to % of voting rights` `instrument Conversion period` `Nominal Delta` Total (A+B+C) `Number of voting rights Percentage of voting rights` `4.03%` `13,329,036` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Legal & General Group Plc (Direct and Indirect) (Group) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) Legal & General Investment Management Limited (Indirect) (LGIM) Legal & General Group Plc (Direct) (L&G) ( 13,329,036 - 4.03%= LGAS, LGPL `& PMC)` `Legal & General Investment Legal & General Insurance Holdings Limited` Management (Holdings) Limited (Direct) (LGIH) (Direct) (LGIMHD) ( 12,260,077 - 3.71%= PMC) `Legal & General Assurance Legal & General Assurance Society Limited` `(Pensions Management) Limited (LGAS & LGPL)` (PMC) ( 12,260,077 - 3.71%= PMC) `Legal & General Pensions Limited (Direct)` (LGPL) Proxy Voting: `10. Name of the proxy holder:` N/A `11. Number of voting rights proxy holder will cease` to hold: N/A `12. Date on which proxy holder will cease to hold` voting rights: N/A 13. Additional information: `Notification using the total voting rights figure of 330,401,300` `14. Contact name:` `Helen Lewis (LGIM)` `15. Contact telephone number:` 020 3124 3851 This information is provided by RNS The company news service from the London Stock Exchange END HOLUROARRKAAUAR More
20-01-10	ING UK Real EstateIT - Holding(s) in Company	RNS
RNS Number : 8453F ING UK Real Estate Income Trust Ltd 20 January 2010 Financial Services Authority TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES `1. Identity of the issuer or the underlying issuer ING UK Real Estate Income Trust Limited` of existing shares to which voting rights are attached: 2. Reason for the notification (please tick the appropriate box or boxes): `An acquisition or disposal of voting rights Yes` An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Legal & General Group Plc (L&G)` notification obligation: `4. Full name of shareholder(s) Legal & General Assurance (Pensions Management) Limited (PMC)` (if different from 3.): `15 January 2010` 5. Date of the transaction and date on which the threshold is crossed or reached: `6. Date on which issuer notified: 19 January 2010` `7. Threshold(s) that is/are crossed or L&G (From 3% to 4%)` reached: 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number of voting % of voting rights` `of of Number rights` `Shares Voting of shares` `Rights` `Direct Indirect Direct Indirect` `Ordinary NPV 13,113,781 13,329,036 13,329,036 4.03%` `(As on 20/10/2009)` B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Number of voting` `Type of financial Expiration Exercise/ rights that may be % of voting` `instrument date Conversion Period acquired if the rights` `instrument is` `exercised/ converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise price Expiration date Exercise/ Number of voting rights instrument refers to % of voting rights` `instrument Conversion period` `Nominal Delta` Total (A+B+C) `Number of voting rights Percentage of voting rights` `4.03%` `13,329,036` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Legal & General Group Plc (Direct and Indirect) (Group) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) Legal & General Investment Management Limited (Indirect) (LGIM) Legal & General Group Plc (Direct) (L&G) ( 13,329,036 - 4.03%= LGAS, LGPL `& PMC)` `Legal & General Investment Legal & General Insurance Holdings Limited` Management (Holdings) Limited (Direct) (LGIH) (Direct) (LGIMHD) ( 12,260,077 - 3.71%= PMC) `Legal & General Assurance Legal & General Assurance Society Limited` `(Pensions Management) Limited (LGAS & LGPL)` (PMC) ( 12,260,077 - 3.71%= PMC) `Legal & General Pensions Limited (Direct)` (LGPL) Proxy Voting: `10. Name of the proxy holder:` N/A `11. Number of voting rights proxy holder will cease` to hold: N/A `12. Date on which proxy holder will cease to hold` voting rights: N/A 13. Additional information: `Notification using the total voting rights figure of 330,401,300` `14. Contact name:` `Helen Lewis (LGIM)` `15. Contact telephone number:` 020 3124 3851 This information is provided by RNS The company news service from the London Stock Exchange END HOLUROARRKAAUAR More
20-01-10	ING UK Real EstateIT - Debt Repayment	RNS
RNS Number : 8083F ING UK Real Estate Income Trust Ltd 20 January 2010 ING UK Real Estate Income Trust Limited 20 January 2010 Debt Repayment through Opportunistic Purchase and Cancellation of Securitised Notes ING UK Real Estate Income Trust announces that it has agreed to repay GBP 15 million of debt through the purchase and cancellation of loan notes at a discount to nominal value in two separate transactions. Upon purchase and cancellation, which will occur simultaneously on 29 January, the Company will reduce its outstanding loan balance to GBP 175 million. The loan notes, which hold an AAA rating, will be acquired for a total consideration of GBP 14.25 million, representing a 5% discount to nominal value. The Company will also prepay the corresponding SWAP amount, which is currently marked to market. The transaction will result in a one off gain to the Net Asset Value expected to be in the order of GBP 680,000, and will also save over GBP 719,000 per annum in interest charges. Michael Morris, Fund Manager commented: "This is an opportunistic purchase, enabling us to enhance both the underlying NAV and income account, whilst derisking the overall portfolio by maintaining the current LTV ratio and improving the interest cover position. We believe this is attractive for our shareholders, especially bearing in mind the current market dynamics and the limited options for this 'ring fenced' capital. This transaction again shows our proactive approach to debt management whilst at the same time enhancing our covered dividend position." End- For further information: The Company secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Tel : 01481 745 814 Fax : 01481 745 085 ING Real Estate Investment Management (UK) Limited Helen Stott, 020 7767 5648, helen.stott@ingrealestate.co.uk Financial Dynamics Dido Laurimore/Lauence Jones, 020 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFIDLAIALII More
20-01-10	ING UK Real EstateIT - Debt Repayment	RNS
RNS Number : 8083F ING UK Real Estate Income Trust Ltd 20 January 2010 ING UK Real Estate Income Trust Limited 20 January 2010 Debt Repayment through Opportunistic Purchase and Cancellation of Securitised Notes ING UK Real Estate Income Trust announces that it has agreed to repay GBP 15 million of debt through the purchase and cancellation of loan notes at a discount to nominal value in two separate transactions. Upon purchase and cancellation, which will occur simultaneously on 29 January, the Company will reduce its outstanding loan balance to GBP 175 million. The loan notes, which hold an AAA rating, will be acquired for a total consideration of GBP 14.25 million, representing a 5% discount to nominal value. The Company will also prepay the corresponding SWAP amount, which is currently marked to market. The transaction will result in a one off gain to the Net Asset Value expected to be in the order of GBP 680,000, and will also save over GBP 719,000 per annum in interest charges. Michael Morris, Fund Manager commented: "This is an opportunistic purchase, enabling us to enhance both the underlying NAV and income account, whilst derisking the overall portfolio by maintaining the current LTV ratio and improving the interest cover position. We believe this is attractive for our shareholders, especially bearing in mind the current market dynamics and the limited options for this 'ring fenced' capital. This transaction again shows our proactive approach to debt management whilst at the same time enhancing our covered dividend position." End- For further information: The Company secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Tel : 01481 745 814 Fax : 01481 745 085 ING Real Estate Investment Management (UK) Limited Helen Stott, 020 7767 5648, helen.stott@ingrealestate.co.uk Financial Dynamics Dido Laurimore/Lauence Jones, 020 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFIDLAIALII More
05-01-10	ING UK Real EstateIT - New Management Agreement	RNS
RNS Number : 0740F ING UK Real Estate Income Trust Ltd 05 January 2010 ING UK Real Estate Income Trust Limited 5 January 2010 ING UK Real Estate Income Trust Limited announces commencement of new management agreement ING UK Real Estate Income Trust Ltd ("IRET" / "the Company"), a Guernsey registered closed-ended investment company, today announces the commencement of a new management agreement between the Company and the Investment Manager (the "Supplemental IMA"). The terms of the agreement are in accordance with the Board's announcement dated 25 August 2009 (the "Announcement") outlining the amendments to the investment management agreement which were agreed between ING UK Real Estate Income Trust Ltd and ING Real Estate Investment Management UK Limited (the "Investment Manager"). Copies of the Supplemental IMA together with the original Investment Management Agreement will be available for inspection at Norton Rose LLP, 3 More London Riverside, SE1 2AQ for ten business days from the date of this announcement. For further information: The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL `Tel: 01481 745814` `Fax: 01481 745085` ING Real Estate Investment Management (UK) Limited Helen Stott, 020 7767 5648, helen.stott@ingrealestate.co.uk Financial Dynamics Dido Laurimore/Laurence Jones, 020 7831 3113 END This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFFRLIIEIII More
16-12-09	ING UK Real EstateIT - Holding(s) in Company	RNS
RNS Number : 2047E ING UK Real Estate Income Trust Ltd 16 December 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi `1. Identity of the issuer or the underlying issuer ING UK Real Estate Income Trust Limited` of existing shares to which voting rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): `An acquisition or disposal of voting rights X` An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Nationale-Nederlanden Intervest XII B.V.` notification obligation: iii `4. Full name of shareholder(s) N/A` (if different from 3.):iv `5. Date of the transaction and date on December 15, 2009` which the threshold is crossed or reached: v `6. Date on which issuer notified: December 16, 2009` `7. Threshold(s) that is/are crossed or 6%; 5%; 4%` reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting rights x` `of of of shares rights` `Shares Voting` `Rights` `Direct Direct xi Indirect xii Direct Indirect` `Ordinary Shares 22,112,433 22,112,433 12,112,433 12,112,433 3.666%` GB00B0LCW208 B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date xiii Conversion Period xiv rights that may be rights` `acquired if the` `instrument is` `exercised/ converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction `Type of financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx` `instrument Conversion period xviii` `Nominal Delta` Total (A+B+C) `Number of voting rights Percentage of voting rights` `12,112,433 3.666%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease N/A` to hold: `12. Date on which proxy holder will cease to hold N/A` voting rights: `13. Additional information: N/A` `14. Contact name: N/A` `15. Contact telephone number: N/A` This information is provided by RNS The company news service from the London Stock Exchange END HOLUNURRKSRUAAA More
11-12-09	ING UK Real EstateIT - Holding(s) in Company	RNS
RNS Number : 0107E ING UK Real Estate Income Trust Ltd 11 December 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi `1. Identity of the issuer or the underlying issuer ING UK Real Estate Income Trust Limited` of existing shares to which voting rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): `An acquisition or disposal of voting rights X` An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Nationale-Nederlanden Intervest XII B.V.` notification obligation: iii `4. Full name of shareholder(s) N/A` (if different from 3.):iv `5. Date of the transaction and date on December 10, 2009` which the threshold is crossed or reached: v `6. Date on which issuer notified: December 11, 2009` `7. Threshold(s) that is/are crossed or 7 %` reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting rights x` `of of of shares rights` `Shares Voting` `Rights` `Direct Direct xi Indirect xii Direct Indirect` `Ordinary Shares 23,192,433 23,192,433 22,442,433 22,442,433 6.79%` GB00B0LCW208 B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date xiii Conversion Period xiv rights that may be rights` `acquired if the` `instrument is` `exercised/ converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction `Type of financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx` `instrument Conversion period xviii` `Nominal Delta` Total (A+B+C) `Number of voting rights Percentage of voting rights` `22,442,433 6.79%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease N/A` to hold: `12. Date on which proxy holder will cease to hold N/A` voting rights: `13. Additional information: N/A` `14. Contact name: N/A` `15. Contact telephone number: N/A` This information is provided by RNS The company news service from the London Stock Exchange END HOLUAOVRKBRUAAA More
18-11-09	ING UK Real EstateIT - Interim Management Statement	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 6879C ING UK Real Estate Income Trust Ltd 18 November 2009 ING UK Real Estate Income Trust Limited Interim Management Statement Please find attached via the link below, the Interim Management Statement for ING UK Real Estate Income Trust Limited for the period 30 June 2009 to 30 September 2009: http://www.ingreit.co.uk/default.aspx?page=investor-relations-quarterly&f older=1 With recent guidance from the FSA/AIC we have included the unedited full text of the announcement below:- ING UK Real Estate Income Trust Limited Q3 Interim Management Statement Facts & Figures (as at 30 September 2009) Launch Date 25 October 2005 Shares in issue 330.4 million Share Price 42.5 pence Dividend 1 pence per share paid 28/08/2009 Market Capitalization GBP 140.4 million Net Asset Value GBP 160.8 million Property Value GBP 332.29 million Net Asset Value per Share 49 pence Number of Properties 42 Average Lot Size GBP 7.91 million Average Lease Length 8.36 years Current Debt GBP 190 million Net Gearing* 46.1% Weighted Average Cost of Debt** 4.87% Financial Year End 31 December 2009 Half Year 30 June 2009 Dividend Payment Dates Aug/Nov/Feb/May Total Expense Ratio 1.29% Annualised to 30/09/2009 * Net gearing is calculated as total debt less cash deposits as a proportion of gross property asset value. ** Excluding loan arrangement costs Source: ING Real Estate Key Highlights > Increase of GBP 2.7 million in the underlying property portfolio value over the quarter, representing an increase of 0.8% on a like-for-like basis. > NAV of approximately 49 pence per share > GBP 26.8 million of disposals completed over the quarter, and repayment of GBP 35 million of securitised debt over the quarter, reducing ongoing interest costs by GBP 1.7 million per annum. > Management Fee Structure changed to an NAV basis with effect from 1st July 2009. > Improvement in portfolio occupancy rate from 91% to 94% over the quarter. About The Company The Company is a closed-ended, Guernsey registered investment company. The Company was launched on the London and Channel Islands' Stock Exchanges on 25 October 2005. The property portfolio is managed by ING Real Estate Investment Management (UK) Limited, a member of the ING Group. Investment Objectives and Process The Company's aim is to provide shareholders with an attractive level of income together with the potential for capital growth. The Company can invest both directly and indirectly in UK commercial real estate. The Manager's investment process is research-led, guided by an interactive top-down and bottom-up approach. Performance As at 30th September 2009 the Net Asset Value of the Company was GBP 160.8 million, reflecting approximately 49 pence per share. The underlying property portfolio saw a capital increase of 0.8%, which combined with a negative mark to market movement in the swap valuation, resulted in a decrease in the NAV of c.0.7% over the quarter. IRET - NAV & Share Price Date NAV Share Price (as at quarter end) 30 September 2006 123 pence 122.5 pence 31 December 2006 126 pence 118 pence 31 March 2007 129 pence 121 pence 30 June 2007 133 pence 106.25 pence 30 September 2007 124 pence 101.5 pence 31 December 2007 112 pence 69.5 pence 31 March 2008 102 pence 69 pence 30 June 2008 97 pence 47.5 pence 30 September 2008 84 pence 46 pence 31 December 2008 64 pence 22.5 pence 31 March 2009 52 pence 19 pence 30 June 2009 49 pence 30.5 pence 30 September 2009 49 pence 42.5 pence Changes in Capital Structure Over the quarter end the Company pre-paid GBP 35 million of its securitised loan, reducing the total debt outstanding under the facility to GBP 190 million. The interest rate on the loan is 4.87%. Diversification Sector Weighting (%) Retail 13.6% Offices 40.9% Industrial 32.7% Leisure 5.3% Retail Warehouse 7.5% (Source: ING REIM Sep 2009) Geographical Weighting (%) Central London 7.9% Greater London 5.4% South East 23.6% East 10.7% Midlands 20.4% South West 4.4% North 18.4% Wales 6.2% Scotland 3.0% Offshore UK 0.0% (Source: ING REIM Sep 2009) Security of Income The property portfolio has an average unexpired lease term of 8.4 years. As a percentage of current net annual rent, the length of the lease to the first termination is summarised below. Lease Length % 0 - 5 years 43.5% 5 - 10 years 33.2% 10 - 15 years 11.5% 15 - 25 years 7.6% 25 + years 4.1% (Source: ING REIM Sep 2009) The covenant strength, based as a percentage of current passing rent by risk rating, is shown in the chart below. The Company also holds GBP 1.29 million in rental deposits. Risk Rating Negligible (%) Low Low-Med (%) Med-High High Max Un-Scored + (%) (%) (%) (%) Ineligible (%) ING UK REIT 50.91 29.63 2.30 2.83 4.30 7.46 2.57 IPD Benchmark 47.39 20.24 8.46 3.03 5.83 9.62 5.43 (Source: IPD Jun 2009) Acquisitions and Disposals Over the quarter no acquisitions were made and the Company completed on 4 disposals for a consideration of GBP 26.8 million. Fund Managers Commentary The UK Commercial Property Market, having experienced negative valuation movements since mid 2007, finally appears to be showing signs of stabilisation. The IPD Monthly Index showed positive capital growth in both August and September of 0.2% and 1.1% respectively. There appears to be both widened and increased investor demand and set against this backdrop, the majority of the Company's assets saw either an unchanged or positive revaluation movement over the quarter. The Company repaid GBP 35 million of its securitised debt over the quarter, and also agreed a revised fee structure with its investment manager that is more closely aligned with investors. The Company remains compliant with its principal banking covenants. Important Information This newsletter is issued by ING UK Real Estate Income Trust Limited ("IRET"). It is based on information supplied by the Investment and Property Manager, ING Real Estate Investment Management (UK) Limited. This newsletter is intended for shareholders of IRET only. It is not a recommendation to deal or refrain from dealing in the shares of IRET. This newsletter should not be passed to any person other than an existing shareholder in IRET or their professional adviser. Any shareholder who requires advice on their investment in IRET should contact their stock broker, bank or independent financial adviser. Contact Information Fund Administration Stephanie Saunders Northern Trust International Fund Administration Services (Guernsey) Limited P.O. Box 255, Trafalgar Court, Les Banques, St Peter Port, Guernsey GY1 3QL T: 01481 745 001 Broker William Simmonds JP Morgan Cazenove 20 Moorgate, London, EC2R 6DA T: 020 7588 2828 Investment and Property Manager Michael Morris ING Real Estate Investment Management (UK) Limited 2nd Floor, 25 Copthall Avenue, London, EC2R 7BP T: 020 7767 5600 Website www.ingreit.co.uk This information is provided by RNS The company news service from the London Stock Exchange END IMSGUGCGGUPBGUR More

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