International Real Estate Plc
14 August 2007

   International Real Estate Plc / Epic: IRE / Index: AIM / Sector: Property



14th August 2007

              International Real Estate Plc ('IRE' or 'the Group')

                                  Acquisition



International Real Estate Plc, the AIM traded European commercial and
residential property investment and development company, is acquiring a circa
88,000 sq m leasehold site close to Brussels in Belgium from Shell Research SA.
A circa 27,600 sq m building, Monnet Centre International Laboratory, was
erected on the site in 1988 and outline permission for a circa 50,000 sq m
extension has been granted.  Completion of the acquisition is expected in May
2008.



Atisreal Belgium acted for the vendors Shell Research SA., being exclusively
instructed for the disposal. The investment department of Atisreal has organised
the invitation to tender procedure and conducted all the negotiations between
the parties together with Shell.



Located with direct access to the motorway in Louvain la Neuve, next to the
University Campus in Wallonie, which is approximately 20 minutes from Brussels,
Monnet Centre International Laboratory was previously used by Shell as a
research centre and includes high-class laboratories, offices and ancillary
premises.  Following the acquisition, IRE plans to further develop the property
to focus on chemical and energy related sciences and high tech activities,
providing mechanical testing laboratories, thermal and chemical analysis
laboratories, offices and a conference centre which includes meeting rooms, a
library and a restaurant. This development, which has excellent infrastructure
and access, will potentially add significant value to the property.



IRE's management has been active in the Belgium market for over 20 years and
have previously redeveloped properties including the 23,000 sq m landmark
property, IT Tower and the Manhattan Centre, a 65,000 sq m mixed property, both
in central Brussels. In addition, the management has actively been involved in
similar developments as Monnet Centre International Laboratory



In addition to the Belgium market, IRE is focusing on the German residential
market where the Group now holds circa 280,000 sq m of buildings including circa
3,300 apartments, mainly located in Berlin.



Commenting on the acquisition, IRE Chairman Rolf L Nordstrom said, 'The
acquisition of Monnet Centre International Laboratory further strengthens our
foothold in the Belgium market with this very exciting project. I believe that
this project will add substantial growth to our future earnings.'



                                  * * ENDS * *



For further information please visit www.IREplc.com or contact:

Rolf L Nordstrom      International Real Estate Plc     Tel: +44 (0)7776 137 400

Daniel Akselson       International Real Estate Plc     Tel: +31 (0) 653 304 590

David Anderson        KBC Peel Hunt Ltd                Tel: +44 (0) 20 7418 8900

Hugo de Salis         St Brides Media & Finance Ltd    Tel: +44 (0) 20 7242 4477




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