Holding in Company

TR Property Investment Trust PLC
4 December 2000

                                 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

HERMES INVESTMENT MANAGEMENT

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

POSSFUND NOMINEES LTD

5) Number of shares/amount of stock acquired

-

6) Percentage of issued class

-

7) Number of shares/amount of stock disposed

400,000

8) Percentage of issued class

0.09%

9) Class of security

ORDINARY 25P SHARES

10) Date of transaction

NOT NOTIFIED

11) Date company informed

4 DECEMBER 2000

12) Total holding following this notification

35,263,019


13) Total percentage holding of issued class following this notification

7.98%

14) Any additional information

CHANGE AS A RESULT OF STOCK LENDING

15) Name of contact and telephone number for queries

MR N P TAYLOR - 020 7410 4468

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

MR N P TAYLOR, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED

SECRETARY

4 DECEMBER 2000