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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
 
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ADVFN: First Property - A Pre Results buy?
Tom Winnifrith updates his long standing (since May 2008) stock tip on First Property Group plc and retains his buy recomendation on the grounds that it is both an income play and a long term asset play.
This is money (MidasEXTRA share tips) - Property investor rewarded for shrewd move east
Joanne Hart tips First Property Group plc shares in 'Midas Extra Share Tips'.
Investors Chronicle - Hidden Value
Simon Thompson revisits his 2011 Bargain Share portfolio and says that "First Property Group has yet to enjoy the re-rating it rightly deserves but offers investors a decent entry point at the current price of 18p."
PIE: Gear shift to stability as Poland joins EU core
Property Investor Europe (PIE) magazine write-up of its Polish Property Breakfast - Boom slows but opportunities remain.
FT - Poland: bye bye austerity
That's the way the message was received by Ben Habib, chief executive of First Property Group, a UK real estate investor specialising in Poland.
Costar: First Property devise first foray into regional UK senior debt lending
James Wallace of CoStar news writes about Fprop's plans to exploit dislocation in the capital markets by establishing a debt fund.
IP Real Estate - Fprop targets pension schemes with second UK core fund
Shayla Walmsley of Investment & Pensions Europe (IPE) discusses Fprop's new UK fund with Ben Habib, CEO and CIO of First Property Group.
Investors Chronicle - First Property still undervalued
Stephen Wilmot of the Investors Chronicle writes that strong full-year results suggest Fprop is "weathering the storm pretty well" leaving its shares looking undervalued.
Warsaw Business Journal - First Property Group plans acquisitions
Adam Zdrodowski of the Warsaw Business Journal discusses commercial property investment in Poland with Fprop CEO, Ben Habib.
Investor Chronicle - Property buys with deep potential
Simon Thompson, Investor's Chronicle companies editor, reviews the performance of two shares in his "Bargain Shares Portfolio" which have not performed as he had hoped, of which Fprop is one.
FT Economic fears curtail market resurgence
Jan Cienski, Warsaw Bureau Chief for the Financial Times, reviews the prospects for commercial property in Central & Eastern Europe in 2012.
Investors Chronicle - Shopping for value
Canny investors, such as First Property Group, are putting their money into discount retail property.
FT: Polish retailers - expanding
By Jan Cienski, Warsaw bureau chief of the FT.
FT: Polish commercial real estate: Blackstone buoys business
A write-up by the FT's Jan Cienski on a panel session hosted by DTZ in conjunction with the British Polish Chamber of Commerce (BPCC), at which Fprop CEO Ben Habib was a speaker, entitled "Impact of EU turmoil on the Polish real estate market".
IPE Real Estate - First Property targets follow up fund for UK Pension Schemes
IPE's Shayla Walmsley reports on Fprop's planned new UK core Fund.

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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