ERET European Real E

TIDMERET

RNS Number : 1940B

European Real Estate Inv Tst Ltd

05 January 2015

European Real Estate Investment Trust Limited

5 January 2015

Valuation Announcement

The Board of European Real Estate Investment Trust Limited (the "Group") announces the valuation of the Group's property portfolio as at 31 December 2014.

The value of the property portfolio as at 31 December 2014 was EUR53.7 million. This compares, on a like-for-like basis (following the sale of the property at Murcia), to a 30 June 2014 value of EUR54.5 million, a decrease of 1.5%.

The valuations are provided by the independent valuer (CBRE) in accordance with the Royal Institution of Chartered Surveyors (RICS) Appraisal and Valuation Standards and show the "Market Value" assuming an asset sale of each property and allow for acquisition costs incurred by purchasers.

This announcement is not a preliminary statement of the Group's financial results. The financial information contained herein is not audited and is subject to change. The Group expects to publish its financial statements for the year ended 31 December 2014 in March 2015.

For further information, please contact:

Praxis Fund Services Limited

   Shona Darling                                       Phone: +44(0) 1481 755528 

Cenkos Securities plc

   Will Rogers                                           Phone: +44 (0) 20 7397 1920 

Schroder Property Investment Management Ltd

   Duncan Owen / Tony Smedley           Phone: +44(0) 20 7658 6000 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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