Holding in Company

TR Property Investment Trust PLC
15 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

THE EQUITABLE LIFE ASSURANCE SOCIETY

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

THE EQUITABLE LIFE ASSURANCE SOCIETY - 20,950,000

HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED - 5,500,000

5) Number of shares/amount of stock acquired

-

6) Percentage of issued class

-

7) Number of shares/amount of stock disposed

1,000,000

8) Percentage of issued class

0.23%

9) Class of security

ORDINARY 25P SHARES

10) Date of transaction

11 JANUARY 2001

11) Date company informed

15 JANUARY 2001

12) Total holding following this notification

26,450,000

13) Total percentage holding of issued class following this notification

5.98%

14) Any additional information


15) Name of contact and telephone number for queries

N P TAYLOR - 020 7410 4468

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

SECRETARY

Date of notification 15 JANUARY 2001