LONDON (Thomson Financial) - ING UK Real Estate Income Trust Ltd. said it has sold a London retail property for a total 10.5 million pounds to Waitrose Ltd., to help complete repayment of outstanding non-securitised borrowings before the end of 2008.
The Guernsey registered closed-ended investment company added that the sale price reflects a net initial yield of 3.57 percent. Completion is due on Sept. 19.
