Sale of freehold interest

TR Property Investment Trust PLC
14 November 2005

TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS


14 November 2005




                        TR PROPERTY INVESTMENT TRUST PLC



                      Sale of 6 Lloyd's Avenue, London EC3





TR Property Investment Trust has today completed the sale of its freehold
interest in 6 Lloyd's Avenue, London EC3 for £10.25 million, an initial yield of
5.9%.



The 34,000 sq ft multi-let City office building was purchased by the Trust in
June last year for £8.69 million including purchase costs, since when
approximately £300,000 has been spent on refurbishment works.  At the end of
September the property was valued at £9.65 million.



Following the sale the Trust's direct property holdings total 8.5% of the
Trust's gross assets.



Chris Turner, Fund Manager of TR Property, commented, 'We are delighted to have
completed the sale of this property, which realises a significant profit on last
year's purchase price and the September 2005 book value.  Whilst demand for
investment property continues to drive yields lower and listed UK property
companies remain on discounts to asset values, it is sensible to look at
opportunities to sell direct property at asset value and purchase equities at a
discount to asset value.'









                                    - 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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