Transaction in Own Shares

TR Property Investment Trust PLC
18 April 2005


TR PROPERTY INVESTMENT TRUST PLC
HENDERSON GLOBAL INVESTORS
18 APRIL 2005

                        TR PROPERTY INVESTMENT TRUST PLC

                    Market Purchase of Company's Own Shares


Notification is given that pursuant to the authority granted at the Annual
General Meeting of the Company held on 26 July 2004 to make market purchases of
the Company's own shares of 25p, a market purchase of 366,286 ordinary shares of
25p each in the capital of the Company was made today at a price of 127.00p per
share.

Following this purchase and cancellation there will be 346,000,000 shares in
issue.


                                     -ENDS-

For further information please contact:

C M Turner
Fund Manager
TR Property Investment Trust PLC
Telephone: [phone]

or

Marcus Phayre-Mudge
Deputy Fund Manager
TR Property Investment Trust PLC
Telephone: [phone]



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