Fund Login
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- Alasdair Locke
- Peter Moon
- Ben Habib
- George Digby
- Martin Pryce
- Jeremy Barkes
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- Jay Dodhia
- Anthony Griffin
- John Dunkley
- Anna Harries
- Joanna Wajda
- Przemysław Kiszka
- Jeremi Słominski
- Barbara Komendowska
- Krystian Modrzejewski
- Robert Woźniak
- Krystian Pachówka
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- Wojciech Całka
- Mirosław Szymański
- Magdalena Leszewska
- Anna Kilim
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First Property Group Plc has a history of co-investment in to funds managed by FPAM.
It is Group policy to hold its fund and direct property investments at the lower of book or market value (all are held at book value). IFRS requires the FX component to be marked to market which tends to result in a variation in the valuation between reporting periods.
Investments in managed funds:
|
FUND |
Plc shareholding 30-Sep-2011 |
Book Value (IFRS) 30-Sep-2011 |
Market Value 30-Sep-2011 |
Earnings to 30-Sep-2011 |
|
28.6% |
£193,000 |
£328,000 |
£97,000 |
|
|
37.8% |
£528,000 |
£1,106,000 |
£97,000 |
|
|
0.9% |
£874,000 |
£884,000 |
£21,000 |
|
|
84.1% |
£6,830,000* |
£8,276,000* |
£724,000 |
|
|
TOTAL |
|
£8,425,000 |
£10,594,000 |
£842,000 |
* Original book cost was £7 million, which comprised £6.93 million (99%) non-interest bearing shareholder loan. There have been two loan repayments to date (31 May and 31 Aug) of which First Property Group’s share was £172,478 in aggregate.
Directly held properties:
In addition to its holdings in its funds, Fprop also owns two properties directly, both office buildings located in Warsaw.
|
Property Name |
Purchase date |
Purchase price |
Bank loan |
Valuation at 31 March 2011 |
Contribution to pre-tax profit |
|
Nov 2007 |
PLN 11.7 m |
Nil |
PLN 12.8 m |
£132,000 |
|
|
Dec 2008 |
US$ 12.9 m |
US$ 10.6 m |
US$ 18.4 m |
£397,000 |
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TOTAL |
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£10.8 million |
£6.8 million |
£14.3 million |
£529,000 |
.
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