Portfolio Update

TR Property Investment Trust PLC
04 October 2005


TR PROPERTY INVESTMENT TRUST PLC


HENDERSON GLOBAL INVESTORS


4 OCTOBER 2005







                        TR PROPERTY INVESTMENT TRUST PLC


                            Listing Rule 15.4.10(2)




In accordance with paragraph 15.4.10(2) of the Listing Rules, TR Property
Investment Trust plc announces its ten largest investments, including all
investments with a value greater than 5% of its gross assets, as at 30 September
2005:



Company

Land Securities*

British Land*

Hammerson*

Rodamco Europe

Big Yellow Group

Metrovacesa

Castellum

Slough Estates

Liberty International

St Modwen





*          All investments with a value greater than 5% of its gross assets





                               -          ENDS -





For further information, please call:





Chris Turner

TR Property Investment Trust plc

Telephone: [phone]



Marcus Phayre-Mudge

TR Property Investment Trust plc

Telephone: [phone]




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