RNS Number:5857R
Pillar Property PLC
03 November 2003

3 November 2003





                    PILLAR - HOLDING IN TRUSTS & UNIT VALUES


Pillar Property PLC ("Pillar") announces that as at 30 October 2003, its holding
in the following trusts and their unit values were as follows:


                                  Portfolio     Net unit     Net unit      Pillar       Pillar       Pillar             
                                  valuation      value        value         Share        Share         share
                                  #million      October     September      October      October      September
                                                   #            #
                                                                        No of units   % holding         %
                                                                                                     holding

            Hercules Unit Trust       1,968.4     737          725           529,342    36.90         40.29

     City of London Office Unit         625.1     471          472           151,326    35.94         35.94
                          Trust


Details of the properties held in each trust are available at
www.pillarproperty.com.


Enquiries:


Pillar Property plc                                    Tel: 020 7915 8000
Humphrey Price, Finance Director

Gavin Anderson and Company                             Tel: 020 7554 1400

Charlotte Stone






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