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
Investors Chronicle - Income stocks with capital upside
Simon Thompson upgrades his price target to 38-40p per share and “continues to rate the shares a decent income buy”.
Investors Chronicle - Polish boost for First Property
IC reiterates its long standing buy recommendation on grounds of both earnings prospects and valuation.
Alliance News Interview: First Property Wary Of Political Risks, Says CEO
Ben Habib speaks with Samuel Agini of Alliance News following the release of Fprop's Interim Results.
PERE - AIFM Directive becomes reality
Private Equity Real Estate (PERE) magazine reports that First Property Asset Management Ltd is among the first 35 real estate fund managers from across Europe to be granted a licence under the new Alternative Investment Fund Managers Directive (AIFMD), fewer than expected with the deadline for compliance looming on 22 July.
Investors Chronicle - A Shrewd Value and Income Play
Simon Thompson reviews his past buy recommendations on First Property Group plc shares and continues to rate them "a decent income buy" adding that his "price target of 35p could yet prove conservative".
Portfolio Institutional - Safe as houses, the return of real estate
Padraig Floyd discusses changes in the commercial property market, in particular government efforts to institutionalise the residential sector in the UK. He refers to recent planning law changes which ease the conversion of offices to residential use, citing Fprop CEO & CIO Ben Habib who regards it as “frankly the best planning policy I have seen in my career.”
Property Magazine International - Strong start to year for Polish investment market
Total volume of transactions in the Polish investment market in Q1 came in at €939 million, including the acquisition by First Property Group of Galeria Ostrowiec. Total volume for the year is expected to match or exceed that transacted in 2013.
Investors Chronicle - Smashing target prices
Simon Thompson retains his “buy” recommendation on First Property Group following its shares hitting his price target of 30p and upgrades his target price to 35p.
Investors Chronicle - AIM shares for your ISA
Investors Chronicle recommends "60 Fresh ISA Ideas", including 10 AIM shares. First Property Group plc represents IC's top AIM pick for income (out of 2).
Investors Chronicle - Hot Property
Simon Thompson revisits his past recommendations to buy First Property Group plc shares and concludes "...I continue to rate First Property a decent medium-term buy on a bid-offer spread of 24p to 25p ahead of the April pre-close trading statement."
Investors Chronicle - Review of its Tips of the Year for 2013
Investors Chronicle reviews its eight tips of the year for 2013 of which First Property Group plc was its AIM tip.

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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