Property purchase completion

TR Property Investment Trust PLC
26 June 2007

26 June 2007


                        TR PROPERTY INVESTMENT TRUST PLC

        TR Property Investment Trust buys Milton Keynes office building


TR Property Investment Trust Plc, managed by Thames River Capital, has completed
the purchase of the freehold of Solstice House, 251 Midsummer Boulevard, Milton
Keynes for £6.55 million. Including stamp duty and fees the total cost will be
£6.85m, which equates to £217 per sq ft and an initial yield of 6.1%


Built in 1992, Solstice House is a three-storey, air-conditioned office building
of 31,550 sq ft, with 40 car parking spaces (car parking ratio of 1:788 sq ft).
The property is situated in the prime office pitch within Central Milton Keynes,
ten minutes walk from both the railway station and the main shopping area.


The building is let to Exel Europe Ltd (trading under the DHL brand in the UK)
who are holding over on a lease that expired in January 2007. The current rent
of  £420,000 p.a. (£13.31 per sq ft) is under review as part of ongoing lease
renewal negotiations with the tenant.


Chris Turner, Fund Manager, commented, 'This is a good quality building in a
prime office location in central Milton Keynes.  Occupational demand is
increasing at a time when supply is limited. We therefore hope to see good
rental growth in the short to medium term, following 10 years of almost static
rents.'


For further information contact:

Chris Turner
TR Property Investment Trust
020 7360 1332

James Wilkinson  -
TR Property Investment Trust
020 7360 13333


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