Holding in Company

TR Property Investment Trust PLC
5 March 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

EQUITABLE FUND OF INVESTMENT TRUSTS - 5,500,000

THE EQUITABLE LIFE ASSURANCE SOCIETY (HELD FOR HALIFAX GROUP) - 9,950,000

THE EQUITABLE LIFE ASSURANCE SOCIETY - 11,000,000


5) Number of shares/amount of stock acquired

-

6) Percentage of issued class

-

7) Number of shares/amount of stock disposed

-


8) Percentage of issued class

-

9) Class of security

ORDINARY 25P SHARES

10) Date of transaction

1 MARCH 2001

11) Date company informed

5 MARCH 2001

12) Total holding following this notification

26,450,000



13) Total percentage holding of issued class following this notification

6.02%

14) Any additional information

9,950,000 ORDINARY SHARES ARE NOW HELD FOR HALIFAX GROUP BUT REGISTERED IN THE
NAME OF THE EQUITABLE LIFE ASSURANCE SOCIETY. THE TOTAL HOLDINGS ARE AS
FOLLOWS:



HALIFAX GROUP (REGISTERED IN THE NAME OF THE EQUITABLE LIFE ASSURANCE SOCIETY)
- 9,950,000

THE HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED A/C 888569 - 5,500,000.

THE EQUITABLE LIFE ASSURANCE SOCIETY - 11,000,000.


15) Name of contact and telephone number for queries

J S ELLMAN-BROWN - 020 7818 6816

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

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

SECRETARY

Date of notification 5 MARCH 2001