Track Record

FPAM established its Warsaw office in June 2005, having been forced abroad in its quest for high income returns when the gap between commercial property yields in the UK and the cost of debt finance disappeared at the end of 2004. It now employs some 30 staff in Poland, capable of performing all aspects of property management in-house.

FPAM targets a minimum rate of income return on equity invested of 15% per annum (utilising leverage). It has been successful in achieving this.

The graph below shows the outperformance achieved by the Group in CEE across all properties acquired and managed by it since establishing operations in Poland in 2005.


Fprop income return (ungeared):

Source: MSCI




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

This site uses some essential, unobtrusive cookies.