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PLC
 
Directly owned property (including 5x properties held by FOP):
 
As at 30 Sep-2016
 
 
No. of
properties
held
Book value
 
Market value
 
Contribution to
Group profit
before tax period
to 30-Sep-16
Poland
3
£79.6m
£94.0m
£3.15m
Romania 3 £6.0m £9.3m £0.58m
FOP (All in Poland) 5 £58.7m £67.0m £1.92m
TOTAL 11 £144.3m £170.3m £5.65m
 
 
Non-controlling interests in funds and joint ventures managed by FPAM:
 
As at 30 Sep-2016
 
Fund
% owned by
Group
Book value
of Group's
share in fund
Market value
of holdings
Group's share
of pre-tax
profit earned
by fund to
30-Sep-16
Interest in associates        
5th Property Trading Ltd (5PT)
37.8%
£560,000
£1,012,000
£61,000
Regional Property Trading Ltd (RPT)
28.6%
£185,000
£220,000
£26,000
Fprop Romanian Supermarkets Ltd 24.1% £766,000 £764,000 £83,000
Fprop Galeria Corso Ltd 28.2% £1,587,000 £1,661,000 £101,000
Sub total   £3,098,000 £3,657,000 £271,000
         
Investments        
UK Pension Property Portfolio LP (UK PPP) 0.9% £905,000 £905,000 £18,000
Fprop PDR LP 5.0% £13,000 £13,000 -
Sub Total   £918,000 £918,000 £18,000
         
TOTAL
 
£4,016,000
£4,575,000
£289,000
 
  • It is the accounting policy of the Group to carry its direct properties and interests in associates at the lower of cost or market value.
  • International Financial Reporting Standards (IFRS) requires the FX component to be marked to market resulting in variations in valuations between reporting periods.

 

FPAM funds rank No.1 versus MSCI’s Investment Property Databank (IPD) Central & Eastern European (CEE) Benchmark for the ten years from the commencement of its operations in Poland in 2005 to 31 December 2015, and for the annualised periods from 2005 to the end of each of the years between 31 December 2008 and 31 December 2015.

© 2017 First Property Group plc
32 St James’s Street, London, SW1A 1HD.
Registered in England No. 2967020

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