Director Shareholding

TR Property Investment Trust PLC
13 March 2002


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

TR PROPERTY INVESTMENT TRUST PLC

2) Name of director

MR A ROSS GOOBEY

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of 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 or in respect of a
non-beneficial interest

AS IN 2 ABOVE

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

ISA NOMINEE - NAME CURRENTLY UNKNOWN

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

AS IN 2 ABOVE

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

BENEFICIAL SHARE PURCHASE VIA ISA

7) Number of shares/amount of
stock acquired

11,026

8) Percentage of issued class

INSIGNIFICANT

9) Number of shares/amount
of stock disposed

-

10) Percentage of issued class

-

11) Class of security

ORDINARY SHARES

12) Price per share

62.99P

13) Date of transaction

13 MARCH 2002

14) Date company informed

13 MARCH 2002

15) Total holding following this notification

11,026

16) Total percentage holding of issued class following this notification

INSIGNIFICANT

If a director has been granted options by the company please complete the
following boxes

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number



21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
following this notification


23) Any additional information



24) Name of contact and telephone number for queries

MR J S ELLMAN-BROWN

25) Name and signature of authorised company official responsible for
making this notification

MR J S ELLMAN-BROWN, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED

SECRETARY

Date of Notification - 13 MARCH 2002



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