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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 | 2009
 
FT Special Report: Investing in Central & Eastern Europe
General piece by Jan Cienski on the divergent fortunes of the differing CEE economies, in which he quotes Fprop CEO Ben Habib.
Bloomberg: Polish property lures investors with better returns than London
by Simon Packard.
IP Real Estate: First Property wraps up USS mandate, returns to Poland
IPE Real Estate.
Property Week: Opportunity knocks for First Poland fund
Property Week.
Digital Look: First Property in pole position
Broker Snap - on launch of Fprop Opportunities plc (FOP).
IP Real Estate: Lifting pension property ban would save Polish market
Shayla Walmsley quotes Ben Habib, CEO, in calling for Polish pension fund regulations to be varied to include real estate in the list of asset classes in which domestic pension funds may invest.
Shares Magazine: Investing in Poland
"...Shares says buy ishares MSCI Investable Market Index Fund at $25.24, Market Vectors Poland ETF at $21.08 and First Property Group at 18.5p."
Investors Chronicle: First Property heads home
"...First Property has more foresight and zip than most UK property companies and we continue to rate the shares a buy for income."
Growth Company Investor: First Property weathers the storm
"Poland-focused First Property Group says it has come through a testing year profitable and in very good shape. Directors say pre-tax profits for the year to March should come out in line with market expectations".
Investors Chronicle: AIM's maginificent seven (by Graeme Davies)
"...The shares are forecast to pay out a dividend yield of 7 per cent, covered almost three times, and First Property's solid and dependable revenue streams should make this a fairly secure bet..."
FT: First Property Group returns to UK market
Daniel Thomas reports on launch of UK Pension Property Portfolio (UK PPP LP), FPAM's new fund established on behalf of 3 pension fund clients of Stamford Associates.

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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