Trading Statement

Terrace Hill Group PLC
07 May 2008

7 May 2008


             Terrace Hill Group plc ('Terrace Hill' or 'the Group')

                                 Trading Update



Terrace Hill, the AIM-listed property group, is pleased to announce that it has
continued to make good progress across its property development portfolio.  In
particular, it has let a 53,584 sq ft office building to Biogen Idec at Vanwell
Business Park in Maidenhead on a new 15-year lease at an annual rent of £1.6
million.  Additionally, the Group has received a resolution to grant planning
consent for its 1.7 acre mixed use scheme in Southampton city centre and
submitted an outline planning application for a new 55,000 sq ft Sainsbury
supermarket in Cornwall.



Further details are as follows:



  • At Vanwall Business Park, Maidenhead, the Group has let one of the two
    office buildings to Biogen Idec on a 15-year lease at an annual rent of £1.6
    million (£30 psf).  The biological and medical research firm has taken the
    entire 53,584 sq ft (4,978 sq m) Quantum 2 building for its new U.K.
    headquarters. The other building in the scheme, Quantum 1, is being
    developed speculatively to provide 70,000 sq ft (6,503 sq m) of grade A
    office space and will be launched on 14 May.  It is generating considerable
    interest from major occupiers. The scheme is a joint venture with DevCap
    Partnership.



  • The Group has received a resolution to grant planning consent, subject to
    a s.106 agreement for a mixed use scheme on its 1.7 acre site in Southampton
    city centre called Mayflower Plaza.  The scheme will comprise 116,928 sq ft
    of office space, a 150 bedroom hotel and 180 residential apartments.



  • Terrace Hill has submitted an outline planning application for a new
    55,000 sq ft Sainsbury superstore at Helston in Cornwall. It proposes to
    build the supermarket on a five acre site next to a large theme park, the
    Flambards Experience, to the south of the town. The planning application is
    due to be heard this summer.



  • The Group has launched a new speculatively built 61,452 sq ft Grade A
    office scheme at 129 Wilton Road, adjacent to London's Victoria station.
    This is already generating interest as there is considerable demand from
    both the private and public sector for Grade A office space around Victoria.
      129 Wilton Road is part of the Davis House mixed-use scheme, which
    includes 38 residential units, which have been sold and a retail unit
    fronting Wilton Road.



  • At Aeropark, the Group's mixed use business park development in
    Farnborough, Terrace Hill has sold a 2,975 sq ft office unit with two acres
    of land to the Driving Standards Agency for £3.305 million.  The whole
    business park will provide up to 350,000 sq ft for development.



Chief Executive Philip Leech said, 'We are delighted to have secured Biogen Idec
as tenants for the first building at Quantum in Maidenhead. This letting is
testament to the high quality of our developments and the underlying appetite
from occupiers for well located and good quality office buildings resulting in
continued reasonable levels of occupier demand across our portfolio. These
highlights and other progress across our business will continue to enhance
returns for shareholders.'



                                  * * ENDS * *



For further information please visit www.terracehill.co.uk or contact:

Philip Leech, Chief Executive                                 Tel: [phone]
Scott Richardson Brown/Luke Webster, Oriel Securities Limited Tel: [phone]
Isabel Crossley/Susie Callear, St Brides Media & Finance Ltd  Tel: [phone]



Notes to editors

Terrace Hill Group PLC is an AIM-listed property group with three key divisions:
Commercial Development, Residential Investment and Development and House
Building.  It has a total development programme of £1.3 billion.




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