Holding in Company

TR Property Investment Trust PLC
7 November 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
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
BRITEL FUND NOMINEES LIMITED - 44,765,279

CHASE NOMINEES LIMITED - 641,703

POSSFUND NOMINEES LIMITED - 12,329,714

TOTAL - 56,718,328 (AMOUNT OF STOCK ON LOAN: 1,018,368)


5) Number of shares/amount of stock acquired
-


6) Percentage of issued class
-


7) Number of shares/amount of stock disposed
NOT NOTIFIED


8) Percentage of issued class
-


9) Class of security
ORDINARY 25P SHARES


10) Date of transaction
NOT NOTIFIED


11) Date company informed
7 NOVEMBER 2001


12) Total holding following this notification
56,718,328



13) Total percentage holding of issued class following this notification
12.933%


14) Any additional information
JOHN ELLMAN-BROWN


15) Name of contact and telephone number for queries
020 7818 6816


16) Name and signature of authorised company official responsible for
making this notification
MR JOHN ELLMAN-BROWN, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES
LIMITED SECRETARY


Date of notification 7 NOVEMBER 2001