INGENIA COMMUNITIES GROUP — Major Shareholding Notification 2008

Nov 19, 2008

To:	ASX	Company:
	From: Carlos Cocaro
Fax	1300 135 638	Pages:	4 (including this one)
	Phone: 02 8223 5020	Date:	20 November 2008
Re:	Substantial shareholding	CC:

Dear Sir/Madam,

Please find attached becoming substantial shareholder notices for ING Real Estate Community Living Fund.

Sincerely,

Carlos Cocaro

Director

Renaissance Property Securities Pty Ltd

Renaissance Asset Management Level 11 95 Pitt Street
Sydney NSW 2000

Telephone: (02) 8223 5000
Fax: (02) 9221 3337

603 page1/2 16 June 2008

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

To	Company Name/Scheme		ING Real Estate Community Living Fund
	ACN/ARSN
1.	Details of substantial holder(1)
Name			Renaissance Property Securities Pty Ltd
	ACN/ARSN (if applicable)	104 218 484
	The holder became a substantial holder on		18/11/2008

$\mathbf{z}$ Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4) _____	_______ Number of securities --------	Persons' votes (5)	Voting power (6)
FPO	24.476.242	24.476.242 ___	5.55%*
			___

*Based on issued capital of 441,029,194 shares

Details of relevant interests 3.

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

___ Holder of relevant interest ------------	_________ Nature of relevant interest (7)	Class and number of securities
See Schedule 1 --------		TITLE 1999 .
---------------------------------------

4, Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
See Schedule 1 -------			----- .

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Renaissance Property Securities Pty Ltd	Various dates between 25/07/08 and 18/11/08	(55.022.879)		19,809,193 FPO

603 page 2/2 16 June 2008

Associates 6. 1

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	--------------------------------------- Nature of association -----
N/A	.

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Renalssance Property Securities Pty Ltd	Level 11, 95 Pitt Street, Sydney NSW 2000 .

Signature

print name	CARLOS COCARO		capacity	Director
sign here			date	$20, u, o$ 8
		DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related $(1)$ corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form
• (2) See the definition of 'associate' in section 9 of the Corporations Law.
• (3) See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Law.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (6)
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) $(a)$ applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or Influence the exercise of, the voting (b) powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of 'relevant agreement' in section 9 of the Corporations Law.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) (8) write 'unknown'.
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest $(9)$ was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

Schedule 1 - Becoming a substantial holder in ING Real Estate Community Living Fund - Renaissance Property Securities Pty Ltd

Details of relevant interests

Holder of relevant interest	Nature of relevant Interes		Class and number of securities
Renaissance Property Securities Pty Ltd	superannuation trusts, managed investment advisers of superannuation funds, pooled schemes and investment management discretionary investment managers or Power to (or to control) exercise vote and/or dispose of the securities as agreements,		24,476,242 Fully paid ordinary shares
Holder of relevant Interest	Registered Holder of securities	Person entitled to be registed as holder	Nature of relevant Interest	Class and no. Persons votes of securities
Renaissance Property Securities Pty Ltd	National Nominees Ltd	National Nominees Ltd	Investment Manager	1.569.744	1,569,744
Renaissance Property Securities Pty Ltd	JP Morgan Nominees Aust	ralia Ltd JP Morgan Nominees Australia Ltd Investment Manager		7,934,805	7,934,805

14,971,693

14,971,693

Investment Manager

Citigroup Nominees Pty Ltd

Citigroup Nominees Pty Ltd

Renaissance Property Securities Pty Ltd

24,476,242