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Until 2005 the activities of the Group had been focused exclusively in the UK. However, by late 2004 yields on UK investment property had converged to close to the cost of finance which forced it to seek alternative investment markets. Following a thorough review of all European property markets it settled on Poland as its favoured market and established an office there in 2005.
The period between 2005 and 2007 involved disposing of assets in the UK and acquiring assets in CEE, such that currently the majority of assets under management on behalf of FPAM clients are in Poland. This weighting has begun to shift back to the UK in recent months following the sharp price falls experienced during the credit crunch thus far.
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UK Location Map (Click to enlarge) |
Poland Location Map (Click to enlarge) |
Romania Location Map (Click to enlarge) |
Up until 2005 the activities of the Group had been exclusively focussed in the UK. However by late 2004 yields on UK investment property had converged to close to the cost of finance which forced FPAM to seek alternative investment markets. Following a thorough review of all European investment markets FPAM settled on Poland as its favoured market and established an office there in 2005. The period between 2005 and 2007 involved disposing of assets in UK and acquiring assets in CEE, such that currently the majority of assets under management on behalf of FPAM clients are currently in Poland. This weighting has begun to shift back to the UK in recent months following the sharp price falls experienced during the credit crunch thus far.
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