Disposal

TR Property Investment Trust PLC
17 October 2007


TR PROPERTY INVESTMENT TRUST PLC


16th October 2007


TR Property Investment Trust sells Slough office building


TR Property Investment Trust Plc, managed by Thames River Capital LLP, has
exchanged an unconditional contract to sell the freehold interest in Thames
Central, Hatfield Road, Slough, from the ordinary share class portfolio. The
price of £18.5 million (before sales costs of approximately £150,000) is equal
to the independent valuation of the property in September 2007 and reflects a
net initial yield of 5.5% and a capital value of £315 per sq ft assuming
purchasers cost of 5.75%.

This 62,200 sq ft multi let office building in Slough Town Centre was bought by
the Trust with vacant possession for £11 million (including costs of
acquisition) in June 2005, since when approximately £1.25 million has been spent
on the building.  The property is now fully let to 12 tenants on 14 separate
leases and produces a total rental income of £1,072,000 per annum (£17.25 per sq
ft overall)

Following completion of the sale the Trust's direct property holdings, in the
ordinary share class portfolio, will total 11.7% of the Trusts gross assets.

Marcus Phayre-Mudge, Deputy Fund Manager, commented, 'We are delighted with the
sale of this asset, particularly in light of current market conditions.  The
sale realises a significant profit over the 2005 purchase price and underlines
the Trust's strategy of purchasing well specified properties in prime locations
with opportunities to add value though active management.'


For further information contact:

Marcus Phayre-Mudge or James Wilkinson - Thames River Capital
020 7360 1200


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