IERE Invista Euro.

 

TIDMIERE 
 
RNS Number : 7120G 
Invista European Real Estate Trust 
04 February 2010 
 

 
            Invista European Real Estate Trust SICAF (the "Company") 
 
                  Invista European Real Estate Trust Announces 
                    EUR15.7 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 EUR541.6 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 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCLLFIRFAISIII 
 

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