NAV and Interim Dividend

Insight Foundation Property Tst Ltd
31 October 2006

31 October 2006





           Insight Foundation Property Trust Limited (the 'Company')



                    ANNOUNCEMENT OF NAV AND INTERIM DIVIDEND



Insight Foundation Property Trust Limited is pleased to announce a Net Asset
Value of 132.93 pence per share as at 30 September 2006 and an interim dividend
of 1.6875 pence per share in respect of the period 1 July to 30 September 2006.
The dividend payment will be made on 24 November 2006 to shareholders on the
register on 10 November 2006.  The ex-dividend date will be 8 November 2006.



The Company's NAV of 132.93 pence per share reflects an uplift of 5.13 pence per
share, or 4% over the quarter, and 13.33 pence per share or 11.2% over the six
months to September.  The Company's property level total return of 5.3% compares
to the equivalent like for like figure of 3.7% for the IPD Monthly Index.  The
reported NAV takes account of a performance fee accrual to the Investment
Manager.



The quarterly NAV uplift followed an increase in the capital value of the
properties held over the quarter of £25.2 million or 4.2%.



Key highlights during the quarter include:



•        The Company completed the acquisition of a 21.6% stake in Portman
Square House, London W1 at a price of £27.55 million that has been revalued at
the quarter end at £30.08 million



•        A 45% uplift in the value of the Company's interest in MidCity Place,
London WC1 increasing from £12.83 million to £18.55 million



•        A 7% uplift in the National Magazine House, London W1, increasing from
£51 million to £54.5 million.  The uplift follows increasing West End market
rents leading up to the well timed rent review in 2008



Commenting on the announcement, Duncan Owen, Invista Real Estate Investment
Management, said:



'The sustained growth in NAV this quarter has primarily been driven by our
London assets together with the positive impact of asset management across the
whole portfolio.  We are pleased with the performance of our property assets
which take account of all transaction costs.  Over 12 months the total return at
property level is 26.1% relative to the IPD Monthly Index of 20.7%.

'We believe that our Company is well placed to perform well in what may be a
more challenging environment where performance is less driven by falling yields
across the whole market, and more by sector weightings and good stock 
selection.'







-ENDS-



For further information:


Duncan Owen (Invista Real Estate Investment Management)                             020 7153 9345

Sara Radford (RBSI Fund Services (Guernsey) Limited)                                01481 743000

Stephanie Highett / Dido Laurimore (Financial Dynamics)                             020 7831 3113




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