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TR Property Inv. (TRY)

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Monday 06 November, 2006

TR Property Inv.

Office Lettings

TR Property Investment Trust PLC
06 November 2006

TR PROPERTY INVESTMENT TRUST PLC


FOR IMMEDIATE RELEASE           6 November 2006


TR Property Investment Trust plc has completed a further series of lettings at
Thames Central, its grade A office building in central Slough.  The four deals
total approximately 21,000 sq ft, 33% of the total office area.  The new tenants
are Micros Fidelio and HTC Europe, who both already occupy space in Slough,
along with Zensar Technologies and Interactive Intelligence who are new to the
town.  Following the expiry of rent free periods the new lettings will add
£370,000 per annum in rent, at an average of £17.85 psf.

The building is now 65% let and produces a total annual rent of approximately
£700,000.  The Trust has also agreed heads of terms to let a further 2,000 sq ft
and is in negotiations with a number of other interested parties.

Chris Turner, Fund Manager, commented, 'We are delighted that only 12 months
after launching the property we have secured tenants for two thirds of the
building.  Whilst Slough's overall vacancy rate remains high we continue to see
demand for the type of high quality suites with flexible lease terms that we are
able to offer at Thames Central.'


Footnotes

TR Property Investment Trust plc is a closed-ended investment trust investing in
Pan European equity and UK direct property.

Manager: Thames River Capital LLP (authorised and regulated by the Financial
Services Authority).

Thames River Capital was established in 1998 and manages c$9.2bn with 107 staff
(at 31.10.06)

Thames River Capital manages a range of UCITS III funds, long / short funds and
multi manager hedge funds investing in European equities, Japanese equities,
Emerging Market equities, Global Credit markets, OECD sovereign bonds, Property
and external hedge funds.

Assets under management grew by 82% in 2003, 87% in 2004 and 17% in 2005.


For further information please contact:

Chris Turner
TR Property Investment Trust PLC
Telephone: 020 7360 1332

James Wilkinson
TR Property Investment Trust PLC
Telephone: 020 7360 1333

Thames River Capital LLP
51 Berkeley Square
London W1J 5BB


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