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First Property Group plc is a commercial property fund manager with operations in the United Kingdom and Central Europe. The performance of its funds under management ranked #1 versus the IPD benchmarks for CEE and Poland for the 4 year period to 31 December 2009.
The principal business model of First Property Group can be summarised as follows:
o raise third party funds to invest in income producing commercial property; o co-invest in these funds; o earn fees for the management of these funds. Fees earned are a function of the value of assets under management as well as the performance of the funds; o earn a return on its own capital invested in these funds.
It also has a 60% shareholding in a mechanical & electrical (M&E) installation and maintenance contractor, First Property Services Limited. |
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