Portfolio Update

TR Property Investment Trust PLC
03 January 2007

TR PROPERTY INVESTMENT TRUST PLC



3 JANUARY 2007




                        TR PROPERTY INVESTMENT TRUST PLC



                            Listing Rule 15.4.11 (2)





In accordance with paragraph 15.4.11 (2) of the Listing Rules, TR Property
Investment Trust plc announces its ten largest investments as at 31 December
2006.  Holdings with a value greater than 5% of gross assets are marked *.


Company
Land Securities*
British Land*
Hammerson*
Big Yellow Group*
Slough Estates
Rodamco Europe
Unibail
Fonciere Des Regions
Liberty International
Castellum





                                    - ENDS -



For further information, please call:

Chris Turner
TR Property Investment Trust PLC
Telephone: [phone]







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