RNS Number:8251T
Pillar Property PLC
05 January 2004


5 January 2004



                    PILLAR - HOLDING IN TRUSTS & UNIT VALUES


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

               Portfolio valuation     Net unit value    Net unit value      Pillar        Pillar      Pillar
                     #million            December          November          Share         Share        share
                                                    #                 #     December      December    November
                                                                          No of units    % holding            %
                                                                                                       holding

 Hercules Unit               2100.0               772               754        517,760        36.09       36.67
         Trust

City of London                618.0               454               454        151,326        35.94       35.94
   Office Unit
         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


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

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PFUILFELLRIEIIS