Holding in Company

TR Property Investment Trust PLC
4 January 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

TR PROPERTY INVESTMENT TRUST PLC

2) Name of shareholder having a major interest

M & G INVESTMENT MANAGEMENT LIMITED (FORMERLY PRUDENTIAL PORTFOLIO MANAGERS
LIMITED ('PPM'))

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

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

PRUCLT HSBC GIS NOM(UK)PAC AC - 16,012,788


5) Number of shares/amount of stock acquired

-

6) Percentage of issued class

-

7) Number of shares/amount of stock disposed

NOT SPECIFIED

8) Percentage of issued class

NOT SPECIFIED

9) Class of security

ORDINARY 25P SHARES

10) Date of transaction

NOT SPECIFIED

11) Date company informed

4 JANUARY 2001

12) Total holding following this notification

16,012,788


13) Total percentage holding of issued class following this notification

3.62%

14) Any additional information

NOTIFICATION OF NAME CHANGE.

15) Name of contact and telephone number for queries

N P TAYLOR, 020 7410 4469

16) Name and signature of authorised company official responsible for
making this notification
N P TAYLOR, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED
Date of notification 4 JANUARY 2001