Acquisition

Insight Foundation Property Tst Ltd
04 August 2005


4th August 2005

                   Insight Foundation Property Trust Limited

           Acquires Stake in Mid City Place, High Holborn, London WC1


The Insight Foundation Property Trust Limited ('the Company') has acquired a
19.5% stake in Mid City Place from clients of Delancey for approximately £10
million, reflecting an underlying yield of 6%.   Mid City Place is a prime
office and retail development located on the north side of High Holborn, London
WC1.

The property comprises 350,000 sq ft of prime office and retail accommodation,
and is let to 11 tenants on 15 leases.  The tenants include Towers Perrin, EDF
Trading and Mitsubishi Corporation.

The Company will be investing alongside clients of Delancey and the Westbury
Property Fund Limited.





Enquiries:
Duncan Owen (Insight Investment Management)             Tel: [phone]
Paul Smith / Jeff Lanyon (RBSI)                         Tel: [phone]
Stephanie Highett / Dido Laurimore (Financial Dynamics) Tel: [phone]





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