Office Letting

TR Property Investment Trust PLC
10 January 2006

TR PROPERTY INVESTMENT TRUST PLC

10 January 2006





                       TR PROPERTY INVESTMENT TRUST PLC

                  Office lettings at Thames Central, Slough



TR Property Investment Trust Plc has completed the third of a series of lettings
at Thames Central, Slough. The three deals total approximately 1,050 square
metres (11,300 sq ft) or 17.8% of total floor area.  Two of the new tenants have
options to take a further 780 sq metres (8,400 sq ft) or 13.2% of total area,
exercisable over the next 6 months.  The total initial rent payable under the
three leases for the 1,050 sq. metres is £191,000 per annum. The lease lengths
vary from 5 to 10 years with break options at the end of the third or fifth
year. The effective rent free periods are from 1 to 4 months.



The Trust has also agreed heads of terms to let a further 385 sq metres to a
fourth tenant and is in negotiations with a number of other potential tenants.



The eight storey 5,900 sq metre (63,500 sq ft) Grade A office building was
completed in 2002 and had lain vacant until the freehold was bought by the Trust
in May 2005 for total cost of £11.2 million.  Since then, the Trust has
recommissioned all of the mechanical, electrical and building services and, in
November, re-launched the property with a new name and revised asking terms.



Chris Turner, Fund Manager, commented,



'We are delighted to welcome the first three tenants to Thames Central.  The
speed at which these deals have been completed vindicates our strategy of
offering tenants grade A space on flexible terms at rents significantly below
the competition in Slough and the rest of the Thames Valley.  Whilst the letting
market remains tough, demand for offices in Slough is improving slowly and we
look forward to reporting further lettings over the coming months.'







                                    - ENDS -





For further information, please call:



Chris Turner
TR Property Investment Trust PLC
Telephone: [phone]



James Wilkinson
TR Property Investment Trust PLC
Telephone: [phone]






                      This information is provided by RNS
            The company news service from the London Stock Exchange