Acquisition

Insight Foundation Property Tst Ltd
22 March 2006


22 March 2006

                   Insight Foundation Property Trust Limited

 Insight Foundation Property Trust Limited acquires stake in Plantation Place,
                                   London EC3

Insight Foundation Property Trust Limited ('the Company') announces that it has
acquired a 28% stake in Plantation Place, Fenchurch Street, EC3 from The British
Land Company PLC for approximately £19.6 million, reflecting an underlying
property yield of approximately 5.1%.

Plantation Place was completed in 2004 and comprises over 550,000 sq ft of prime
office and retail accommodation. The office tenants include Accenture, who
account for 72% of the building's income, Wachovia Bank, Royal & Sun Alliance
and Aspen Insurance. Retail tenants include Next, Ernest Jones and Molton Brown.
The average lease length is over 19.5 years without breaks.

This continues the Company's strategy of acquiring high quality London offices
following the C Share issue last year.

The acquisition of the stake in Plantation Place follows rapidly on from the
Company's acquisition of a £27.55 million stake in 43-45 Portman Square, W1, a
prime West End office building, which was announced last week.

                                     -ENDS-

For further information please contact:

Duncan Owen
Insight Investment Management Tel: [phone]

Paul Smith/ Sara Radford
RBSI Fund Services (Guernsey) Limited Tel: [phone]

Stephanie Highett / Dido Laurimore
Financial Dynamics Tel: [phone]




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