Pillar Property

Holding(s) in Company

Pillar Property PLC
24 May 2005

Pillar Property PLC

24 May 2005



1.      Name of company                                           Pillar Property PLC

2.      Name of shareholder having a major interest               GE Asset management Incorporated

3.      Please state whether notification indicates that it is in Beneficial
respect of holding of the shareholder named in 2 above or in
respect of a non-beneficial interest or in the case of an
individual holder if it is a holding of that person's spouse or
children under the age of 18

4.      Name of the registered holder(s) and, if more than one    Heath Realty Corporation
holder, the number of shares held by each of them
                                                                  Churchill Realty Corporation

                                                                  Thatcher Realty Corporation

                                                                  Macmillan Realty Corporation

                                                                  General Electric Pension Trust

5.      Number of shares / amount of stock acquired

6.      Percentage of issued class
7.      Number of shares / amount of stock disposed               19,335,710

8.      Percentage of issued class                                21.5%

9.      Class of security                                         Ordinary shares

10.  Date of transaction

11.  Date company informed                                        24 May 2005

12.  Total holding following this notification                    0

13.  Total percentage holding of issued class following this      0.0%

14.  Any additional information

15.  Name of contact and telephone number for queries             Philip martin

                                                                  020 7915 8000

16.  Name and signature of authorised company official            Philip Martin
responsible for making this notification

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