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First Property sets up £180mln fund to capitalise on Brexit vote slowdown opportunities in commercial property

The firm said the Fprop Offices LP fund – which has a term of seven years - closed its first round of funding on 14 July with equity commitments of £182mln

Recurring revenues underpin record year for First Property

Record profits for property fund manager are clear evidence that focus on sustainable income streams is paying off, chief executive Ben Habib tells Proactive Investors.

First Property notches up record profits

The weakness of sterling against the euro added a layer of extra polish to profits

First Property's Ben Habib 'very pleased' to hang on as league-leading fund manager

Ben Habib, chief executive of First Property Group PLC ( LON:FPO) tells Proactive's Andrew Scott they've retained their position as the best performing fund manager versus MSCI's Central and Eastern European (CEE) Benchmark.

The property fund manager and investor has been in pole position now for eleven years in Morgan Stanley Capital International’s (MSCI) rankings in this category.

First Property keeps its winning streak going in MSCI rankings

The new follows the announcement that First Property's UK Pension Property Portfolio LP was recently awarded best "Small Specialist Fund" by MSCI
 
Select Year:   All | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010
 
Fprop CEE Snapshot - Q2 2017
Fprop opinion on Polish & Romanian property markets.
Fprop CEE Snapshot - Q1 2017
Fprop opinion on Polish & Romanian property markets.
Property Week - 2017 Predictions: Ben Habib
…I’m extremely optimistic about the future of our economy and the underlying strength of our property market. UK businesses are used to having to operate in uncertain times, and I have no doubt that they will thrive with the many opportunities created by the referendum result…
Fprop CEE Snapshot - Q3 2016
Fprop opinion on Polish & Romanian property markets.
Redleaf PR - 60 second interview...
...with Fprop CEO Ben Habib.
City AM (Forum section) - are negative interest rates a looming disaster?
Fprop CEO Ben Habib argues “Yes”.
Fprop CEE Snapshot - Q2 2016
Fprop opinion on Polish & Romanian property markets.
"Voting to Leave will poison Europe and divide the West"
Fprop CEO Ben Habib's response to former Prime Minister Sir John Major’s article published in the Sunday Telegraph on 20 March 2016.
Fprop CEE Snapshot - Q1 2016
Fprop opinion on Polish & Romanian property markets.
Fprop Snapshot - Q4 2015
Fprop opinion on Polish & UK property markets.
Fprop Snapshot - Q3 2015
Fprop opinion on Polish & UK property markets.
Letter to Secretary of State for Communities and Local Government re Permitted Development Rights (PDR)
Letter to Secretary of State for Communities and Local Government re Permitted Development Rights (PDR) ... I therefore ask you to extend the life of the PDR legislation beyond May 2016 when is currently due to expire.
Fprop Snapshot - Q2 2015
Fprop opinion on Polish & UK property markets.
City AM - We can ramp up housebuilding by turning offices into flats - if the planners let us
Guest columnist, Ben Habib, calls on the next government to enact permanent legislation to break the stranglehold of our turgid planning system.
Statement calling upon policy makers to extend Permitted Development Rights for the conversion of offices to residential use
...in response to The Rt Hon Eric Pickles written statement to Parliament re: Planning update, March 2015.
Fprop Snapshot - Q1 2015
Fprop opinion on Polish & UK property markets.
Fprop Snapshot - Q4 2014
Fprop opinion on Polish & UK property markets.
Fprop Snapshot - Q3 2014
Fprop opinion on Polish & UK property markets.
Fprop Snapshot - Q2 2014
Fprop opinion on Polish & UK property markets.
Portfolio Institutional: "Mind the Gap" - Opportunities in UK property
Ben Habib, CEO, cautions against investing in prime London real estate at yields sub 5%, advocating instead selected good secondary commercial property, and residential development.
Fprop Snapshot - Q1 2014
Fprop opinion on Polish & UK property markets.
Fprop Snapshot - Q4 2013
Fprop opinion on Polish & UK property markets
Fprop Snapshot - Q3 2013
Fprop opinion on Polish & UK property markets
Fprop Snapshot - Q2 2013
Fprop opinion on Polish & UK property markets
Property Week: Martin Pryce - Do not discount the success of discounters; they are here to stay
Martin Pryce, Property Director, on discount retailing (ignoring discount food retailing for the purposes of this commentary).
IP Real Estate: Ben Habib - Leverage is not a black and white issue
Ben Habib, CEO, on leverage. It is neither 'good' nor 'bad' for investors, and should not be described in moral terms.
Fprop Snapshot - Q1 2013
Fprop opinion on Polish & UK property markets
PIE Magazine - Investors giving Polish commercial property a miss will be losing out
Ben Habib, CEO, on Fprop's reasons for first investing in Poland and why it continues to advocate investment there.
FT Adviser - Polish property offers good prospects
Ben Habib, CEO, on the investment case for commercial property in Poland.
FT Adviser: Fprop CEO Ben Habib recommends looking outside London to the secondary property markets
Ben Habib, CEO, writes that high sustainable income streams can be found in the UK secondary markets, where yields on commercial investment property have not pre-priced to the same extent as those in the prime London markets.
IP Real Estate: CEE's largest economy offers institutional opportunities
Ben Habib, CEO, writes for IP Real Estate magazine on Polish real estate.
NAPF: Ben Habib - Property investment should be all about Income Generation
Ben Habib, CEO, writes for the National Association of Pension Funds (NAPF) Investment Conference 2011...The reason often cited for bad property investment experiences is "too much leverage". Actually the primary reason is overpaying for an asset in the first place and then, secondarily, employing debt finance against this inflated price or a revaluation. The net effect is to render the debt unserviceable by the low income yields being generated by the property.
Polish Real Estate: Looking abroad for property opportunities
Jeremy Barkes, Marketing Director, writes for Family Office Global magazine, published by the Global Partnership of Family Offices.
Polish Capital for Polish Property
Ben Habib, CEO, writes for the British Polish Chamber of Commerce (BPCC) quarterly magazine, "Contact". It has subsequently been reproduced in several places.

FPAM funds rank No.1 versus MSCI’s Central & Eastern European (CEE) Benchmark for the eleven years from the commencement of its operations in Poland in 2005, and for the annualised periods from 2005 to the end of each of the years from 31 December 2008. In addition, FPAM’s UK Pension Property Portfolio (UK PPP) was awarded best “Small Specialist Fund” by MSCI at its UK Property Investment Awards 2017. FPAM was also one of ten fund managers, out of a pool of 95, to be awarded a Data Quality Award by MSCI.

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

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