Sale of Hammersmith Property

Terrace Hill Group PLC
20 December 2007



20 December 2007

             Terrace Hill Group PLC ('Terrace Hill' or 'the Group')


                    Sale of Hammersmith Property for £30.75m


Terrace Hill, the AIM-listed property group, has contracted to sell its
riverside site, Queens Wharf in Hammersmith, to Westcity plc and Byrne Estates
for £30.75m. The Group bought the property from a private investor for £17.0m in
November this year having held an option on the site for the preceding 12
months. It is believed that the purchasers intend to develop high quality
residential apartments on the site.


Terrace Hill Chief Executive Philip Leech said, 'We identified Queens Wharf as a
site with great potential for redevelopment for a variety of different uses.
Having worked with the local authority to maximise value through different
planning options we decided to sell the site to specialist high quality
residential developers. This transaction produces a significant profit for the
Group and demonstrates our ability to generate exceptional returns, even in a
challenging market.'


                                  * * ENDS * *


For further information please visit www.terracehill.co.uk or contact:

Philip Leech, Group Managing Director Tel: [phone]

Luke Webster, Oriel Securities Tel: [phone]

Isabel Crossley, St Brides Media & Finance Ltd Tel: [phone]


Notes to editors

Terrace Hill Group PLC is an AIM-listed property group with three key divisions:
Commercial Development, Residential Investment and Development and House
Building. It has a total development programme of £1.3bn.




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