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- Our Services
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- Alasdair Locke
- Peter Moon
- Ben Habib
- George Digby
- Martin Pryce
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- John Dunkley
- Anna Harries
- Joanna Wajda
- Przemysław Kiszka
- Jeremi Słominski
- Barbara Komendowska
- Krystian Modrzejewski
- Robert Woźniak
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- Marzena Leśkiewicz
- Katarzyna Kercz-Podlejska
- Wojciech Całka
- Mirosław Szymański
- Magdalena Leszewska
- Anna Kilim
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- History of the Group
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Second Property Trading Limited was established in January 2003 with an unlimited life to invest in commercial property located in the United Kingdom.
Investors subscribed for £1,125,000 of equity and were returned £1,969,000 over its life, an IRR of 17% (or 27% prior to the deduction of management fees).
In September 2005 the investment adviser, FPAM, requisitioned an EGM to propose an orderly wind up on the grounds that commercial property yields had narrowed to close to the cost of debt finance, such that the spread between the two had all but disappeared. This situation first manifested itself in late 2004 but persisted in to 2005 to the degree that FPAM felt unable to continue further investment in the UK. All assets were sold by March 2008.
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