LONDON-ING UK Real Estate Income Trust Ltd. recently reported its financial status from the first half, including that the firm increased net asset value to $258 million, as opposed to $206 million in the first half of 2009. The company credits this success in part to the acquisition of the 33-property Rugby REIT portfolio, mostly properties in greater London and the South East market, for $48 million.

The company has already sold three of the Rugby properties for $2.2 million, and plans to sell more of the sites. “The acquisition has provided the company with exposure to a number of quality assets,” said Nicholas Thompson, chairman, in a statement.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.