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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 | 2008
 
 Video
 

piworld.co.uk: First Property Group (FPO) announce their latest fund, Fprop Offices LP (4m, 39s)
CEO Ben Habib and Director, Business Development Jeremy Barkes talk about the new £180 million UK office fund.
The fund – 00:26/ The opportunity – 1:06/ The payment structure – 1:39/
The wider portfolio – 2:15/ The future – 3:19
CNBC: 'First Property CEO: Bullish about UK property investment' (3 min 21s)
“First Property CEO Ben Habib comments on the market and its business strategy at present, in light of its recent earnings results”
Stocktube: Preliminary Results interview with Ben Habib, CEO (8m, 25s)
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.
Redleaf Capital Markets Day February 2017: 'Breaking the Mould' (31 min 7s)
Thinking from First Principles: First Property Group Presentation by CEO Ben Habib.
Redleaf Capital Markets Day February 2017: 'Breaking the Mould' (3 min 30s)
First Property Group Interview with CEO Ben Habib.
Stocktube: 'First Property Group plc - Elevator Pitch' (1 min 35s)
Fprop plc: Why invest? One minute elevator pitch.
Stocktube: 'The future is looking bright' says First Property Chief Ben Habib
Proactive Investors interview with First Property Group CEO Ben Habib.
Stocktube: First Property's Habib bullish on Polish and UK property markets
First Property Group's (LON:FPO) chief executive Ben Habib tells Proactiveinvestors says that now is a great time to buy new assets in Poland and that the company is working on deals that should significantly increase the company's profitability.
Stocktube: First Property boss looking to build profits in Poland and Romania
CEO Ben Habib tells Proactive Investors how his team scouts untapped trends across the European property market.
IG TV: Is the EU good for small-cap UK? A roundtable debate
Host: Jeremy Naylor; 
For ‘Brexit’; Ben Habib, CEO, First Property Group (FPO) 
Against; Philip Letts, CEO, blur Group (BLUR)
FT Video: UK commercial property market - what next?

FTfm Deputy Editor Steve Johnson discusses valuations and opportunities in the UK commercial property market with Fprop CEO & CIO Ben Habib (5 mins, 45 secs).

CNBC Video: Osborne unveils capital gains tax on foreign home buyers
Ross Westgate of CNBC interviews Ben Habib, CEO of Fprop and Grainne Gilmore, head of UK residential research at Knight Frank on UK housing policy.
Stocktube video - First Property Group ready to 'strike a deal' where it sees value
Ben Habib, CEO of First Property Group (LON:FPO), tells Proactive investors that while the value of its commercial property portfolio has fallen since the credit crunch started, yields have held up and on a 'total return basis' FPO is moving forward.
Bloomberg TV: Fprop CEO Ben Habib - Interest Rates Big Risk to Commercial Property
Ben Habib, CEO, discusses the outlook for commercial and retail property in 2012. He speaks with Mark Barton on Bloomberg Television's "On the Move."
CNBC's "Investment Edge": Fprop CEO Ben Habib - Poland 'Insulated' from Europe's Woes
Ben Habib, CEO, discusses investment opportunities in Poland on CNBC's "Investment Edge."
DTZ & BPCC Property Talk - Impact of EU Turmoil on the Polish Market
Fprop CEO Ben Habib was a guest panellist at a seminar chaired by Jan Cienski of the FT to discuss the impact of EU Turmoil on the Polish Market. Fprop CEO Ben Habib describes Fprop's favoured asset classes for investment in Poland.
DTZ & BPCC Property Talk - Impact of EU Turmoil on the Polish Market
Fprop CEO comments on the economic outlook for Poland.
DTZ & BPCC Property Talk - Impact of EU Turmoil on the Polish Market
Fprop CEO Ben Habib talks in very general terms about the macro investment case for investing in Poland.
UK Commercial Investment Property - a minefield?
Presentation to Rugbeian Society by Ben Habib, CEO.
Fprop Opportunities plc (FOP)
Presentation by Ben Habib, CEO, on Fprop Opportunities plc (FOP), Fprop's 8th fund, targeting investments in Poland.
Sharecrazy "Board Talk" Sandra Spencer
Sandra Spencer Interviews Ben Habib.
Sharecrazy "Board Talk" Tom Winnifrith
Tom Winnifrith interviews Ben Habib.
 
 Audio
 

Proactiveinvestors: 'First Property's Ben Habib 'very pleased' to hang on as league-leading fund manager' (3 min 7s)

"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."

Interim Results for the six months to 30 September 2016 (35mins, 21s)
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Share Radio Breakfast with Sarah Lowther: Interview with Ben Habib (6min 42s)
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The Pensions Podcast: Ben Habib, CEO of First Property talks trustee investments (17mins, 38s)
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Vox Markets - Interview with Ben Habib following announcement of Fprop's Preliminary Results
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Preliminary Results for year to 31 March 2016 (42mins)
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Share Radio Morning Money: Interview with Ben Habib (10min 12s)
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Share Radio Evening Show with Simon Rose: Interview with Ben Habib (12min 50s)
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Interim Results for the six months to 30 September 2015
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Share radio: Progress made by First Property as CEO Ben Habib explains
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Stocktube: First Property boss urges govt to extend offices to flats scheme
CEO Ben Habib speaks to Proactive Investors and reiterates calls to extend the PDR scheme that allows companies such as First Property to turn unused office space into affordable town and city centre flats.
Preliminary Results for year to 31 March 2015
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Share radio: CEO Ben Habib discusses full year company results

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Interim Results for the six months to 30 September 2014
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Preliminary Results for year to 31 March 2014
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Interim Results for the six months to 30 September 2013
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Preliminary Results for year to 31 March 2013
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Interim Results for the six months to 30 September 2012
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Preliminary Results for year to 31 March 2012
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Preliminary Results for year to 31 March 2011
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Interim Results for the six months to 30 September 2010
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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.

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