FOP was established in October 2010 as a co-investment vehicle for First Property Group PLC and its clients to opportunistically invest in properties in Europe and the UK which in the opinion of the investment adviser, First Property Asset Management Limited (FPAM), will yield a Return on Equity (ROE) and an Internal Rate of Return (IRR) in excess of 15% per annum. It is expected that the substantial majority of FOP’s investments, at least initially, will be in Poland.
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| Please click here to view “Fprop Opportunities plc (“FOP”) – video presentation by CEO, Ben Habib”. |
Documents (please login for access)
1. Information Memorandum
2. Presentations
3. Transactions under Consideration
Life
10 years from September 2010, subject to extension only by special resolution of the shareholders (majority of 75% required).
Valuation
2x yearly (30th September and 31st March) by an independent valuer.
Dealing
FOP is open for subscriptions but not redemptions. A secondary market operated by FJB Capital Advisers on a matched bargain basis will partially address the inability to redeem. The dealing price is based on the last published net asset value (NAV), adjusted for subsequent cash movements. For all enquiries please click here.
Investments
1. Carrefour Hypermarket, Lodz, Poland.
2. Panorama Shopping Centre, Krasnystaw, SE Poland.
Investors
First Property Group PLC has capitalised FOP with £7 million of its balance sheet cash. Further, it undertakes not to allow its shareholding in FOP to be diluted below 7% as a result of subsequent funding rounds.