Portfolio Update

TR Property Investment Trust PLC
03 October 2006



TR PROPERTY INVESTMENT TRUST PLC

3 OCTOBER 2006

                        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 30 September
2006.  Holdings with a value greater than 5% of gross assets are marked *.

Company
Land Securities*
British Land*
Hammerson*
Big Yellow Group
Rodamco Europe
Slough Estates
Unibail
Liberty International
Castellum
St Modwen
                                    - ENDS -


For further information, please call:

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



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