NRE North Real

RNS Number:4212K
North Real Estate Opportunities Fd
20 December 2007



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.    Name of company                               2.  Name of shareholder having a major interest

      North Real Estate Opportunities Fund Limited      Aberdeen Indirect Property Partners II


3.    Please state whether notification indicates   4.  Name of the registered holder(s) and, if more than
      that it is in respect of holding of the           one holder, the number of shares held by each of
      shareholder named in 2 above or in respect of     them
      a non-beneficial interest or in the case of
      an individual holder if it is a holding of
      that person's spouse or children under the
      age of 18






5.    Number of shares/    6.  Percentage of issued 7.  Number of shares/amount   8. Percentage of issued
      amount of stock          class                    of stock disposed            class
      acquired



      3,250,000                3.25%                     -                            -


9. Class of security                              10.    Date of transaction     11.   Date company
                                                                                       informed

   Ordinary NPV                                          20 December 2007          20 december 2007
   


12.   Total holding following this notification     13.    Total percentage holding of issued class
                                                           following this notification

      20,800,000                                           20.80%
      



14.   Any additional information                    15. Name of contact and telephone number for queries

                                                        Ian Price / Nikie Coquelin
                                                        +44 (0) 1481 715601


16.   Name and signature of authorised company official
      responsible for making this notification

      MOURANT GUERNSEY LIMITED

      COMPANY SECRETARY



Date of notification  20 December 2007




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

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