KEIF Kenmore Euro

RNS Number:7998O
Kenmore Euro Industrial Fund Ltd
27 February 2008



PRESS RELEASE


27 February 2008


  KENMORE EUROPEAN INDUSTRIAL FUND COMPLETES 22,414 SQM OF LETTINGS IN FRANCE


Kenmore European Industrial Fund ("KEIF" / the "Company"), announces the
completion of 23 new lettings in France over the past two months representing
22,414 sq m (241,268 sq ft) of space which will generate a total annualised
income of Euro1.7 million. Most of the lettings have been taken on three, six, nine
year leases, standard in the French market.


Of these, 17,948 sq m (193,196 sq ft) of the lettings represent previously
vacant space in the portfolio. The new lettings reduce KEIF's void rate in
France to 11.79% compared to 17% at the beginning of December 2007.



The lettings have been secured in the following locations: 13/15 Clos Des
Charmes, Paris; Palaiseau Gutenberg, Palaiseau, Paris; Fontanay sous Bois,
Paris; Leonard De Vinci, Lisses; Bondoufle, Paris; Croissy Beauborg, Paris;
Saclay, Paris; Parc Modus, le Blanc Mesnil; St Leu la Foret, Paris; Tory Nord,
Paris; Nanterre, Paris; Pontault Combault, Paris and Noisel, Paris.


Details of some of the more significant lettings are set out below:

Location        Details                    Size         Value
83 Neuilly,     Low & Co has taken light   2,832 sq m   Euro226,640 per annum
Paris           industrial and office
                space on a 3/6/9 year
                lease.

Leonard De      Gutenberg Online has taken 5,120 sq m   Euro390,490 per annum
Vinci, Lisses   light industrial and
                office space on a 3/6/9
                year lease.



In addition, several leases are currently under negotiation for a further 5,117
sq m (55,076 sq ft) (1.86% of the total), representing Euro304,614 of gross rental
income (1.62% of the total portfolio revenue).


Rob Brook, Managing Director of Kenmore Property Group, KEIF's Investment
Manager, commented:


"We continue to make strong progress in terms of new lettings and the re-letting
of space. This demonstrates Kenmore's ability to actively manage individual
assets to enhance the income generation, and therefore value, of the portfolio."


                                     -ENDS-


For further information, please contact:


Rob Brook, Managing Director, Kenmore Property Group

Tel: 020 7629 4480


Stephanie Highett/Dido Laurimore/Nicole Marino, Financial Dynamics

Tel: 020 7831 3113



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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