| Date | NAV (€) | NAV p/share | NAV (£) | NAV p/share | Valuer |
FPAM established an office in Warsaw in June 2005, which now employs 21 staff and manages some £300 million of commercial property assets in Central Europe.
Despite being a new entrant to the Central European commercial property market, the performance of FPAM’s funds under management in Poland and in Central Europe ranks No.1 versus the Investment Property Databank (IPD) universe for Central & Eastern Europe (CEE) for the three, four, five and six years to 31 December 2008, 2009, 2010 and 2011. The cash on cash return earned by clients of FPAM throughout 2009, the worst year of the credit crunch for Poland, averaged 20%.
Funds in Poland:
USS Fprop Managed Property Porfolio LP (USS)
5th Property Trading Limited (5PT)
Regional Property Trading Limited (RPT)